Credit Card Bills

Credit card debt at record high as US Fed Reserve raises rates again

As the Federal Reserve raises interest rates again, credit card debt is already at a record high, and more people are carrying debt month to month. The Fed's interest rate increases are meant to fight inflation, but they've also led to higher annual percentage rates (APRs) for people with credit card debt, which means they pay more in interest. The Fed announced Wednesday that it would increase rates another quarter of a point. With inflation still high, people are leaning on their credit cards more for everyday purchases. It's the economy, inflation, gas prices, and food costs, said Lance DeJesus, 46, kitchen manager at the Golden Corral in York, Pennsylvania. A year ago, you could go to the grocery store with a hundred bucks and come out with a bunch of bags. Now, I come out with just one bag. DeJesus said he carries a credit card balance of roughly $2,600 from month to month over several cards, which have interest rates from 16.99% to 21.99%. Early in the pandemic, when DeJes

Maximise reward points by using the right card for your each spend

Beware that on some expenses you could be levied a fee for card usage

Credit card bill payment platform Cred buys CreditVidya for undisclosed sum

Credit Card bill payment platform Cred on Tuesday said it has acquired SaaS lending-as-a-service platform CreditVidya in a mix of cash and stock transcation for an undisclosed sum.

Want to close or cancel your credit card? Here's a step-by-step guide

When you are considering canceling a card, it should be taken into account how the cancellation of your credit card will affect your credit score

The big plastic bonanza: Credit cards business is booming like never before

Defying the after-effects of pandemic-related pay cuts and job losses, the credit cards business is booming like never before

Credit card spends touch all-time high of Rs 1.16 trillion in July

Spends have topped Rs 1 trillion level for five consecutive months now

Credit cards gain more currency pipping debit cards for e-commerce

They overtake debit cards for e-commerce and bill payments but remain a minuscule portion of personal loans

Newer categories of card spend emerged amid Covid: HDFC Bank's Parag Rao

HDFC Bank executive shares insights on how the lender intends to increase its credit card market share post embargo

Bad at saving money, have huge credit card bills? This video is for you

$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn

Existing investor, billionaire Yuri Milner's fund DST Global leads round, along with Sequoia Capital, Tiger Global, and others. Existing and past employees liquidate ESOPs worth Rs 9 cr

Income Tax dept adds new features in 26AS Form to help taxpayers

The new variant of 26AS Form will have taxpayers' details as specified statements of financial transactions (SFTs) in various categories

RBI repayment moratorium: All loans, credit card dues will be covered

Issuing the detailed instructions on the moratorium announcement later in the day, the RBI said, The instalments include payments falling due from March 1 to May 31

Don't fall prey to impulse purchases

A credit card does have some virtues; it can be beneficial in an emergency

Credit card spend expected to grow to Rs 15 trillion by FY24: Report

Moreover, the number of credit cards outstanding is also projected to grow at fast pace of 23 per cent CAGR in the next five years

Use credit cards as convenient means to pay, not as instruments to borrow

Credit cards: Avoid the minimum amount repayment trap

Go electronic to pay credit card bills

Banks have started charging customers for payment of credit card bills through cheque