Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances ...

Americans' credit card debt reached a new high this summer, according to a new report from the New York Federal Reserve released Tuesday. Credit card balances rose by $45 billion in the second ...

One of the most important things to remember is that Americans must contend with more than credit card debt. As of the end of 2024, there was over $1.804 trillion in outstanding mortgages ...

Fees for Visa and Mastercard credit cards, which make up more than 80% of the credit card market, generated the majority of last year's swipe fees at $111.2 billion, up from $100 billion the ...