return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 16 hours ago2 in 5 U.S. credit card holders have topped out their spending limit, report findswww.cbsnews.comexternal-linkmessage-square8fedilinkarrow-up159arrow-down12cross-posted to: news@lemmy.world
arrow-up157arrow-down1external-link2 in 5 U.S. credit card holders have topped out their spending limit, report findswww.cbsnews.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 16 hours agomessage-square8fedilinkcross-posted to: news@lemmy.world
minus-squarehark@lemmy.worldlinkfedilinkarrow-up7·14 hours agoWhich is especially worrying considering the interest rate: (source: https://fred.stlouisfed.org/series/TERMCBCCALLNS)
minus-squarejubilationtcornpone@sh.itjust.workslinkfedilinkEnglisharrow-up1·4 minutes agoThose rates are nothing short of preditory. I’m also going to guess the average consumer doesn’t “shop” for credit cards. If you’re going to run a credit card balance, which you typically shouldn’t, you might as well make sure it’s costing you as little as possible. Fixed rate cards and cards from regional banks or credit unions will often offer lower rates.
Which is especially worrying considering the interest rate:
(source: https://fred.stlouisfed.org/series/TERMCBCCALLNS)
Those rates are nothing short of preditory. I’m also going to guess the average consumer doesn’t “shop” for credit cards.
If you’re going to run a credit card balance, which you typically shouldn’t, you might as well make sure it’s costing you as little as possible.
Fixed rate cards and cards from regional banks or credit unions will often offer lower rates.