In September, the Federal Reserve lowered its key rate by a quarter point. The move was widely covered by Bloomberg and CNBC, and the Fed posted the official statement on its site. For millions of credit card holders, this sounds like good news, since most variable APRs are tied to the prime rate. But it’s […]

When we hear about missed payments, we usually picture people with shaky credit. But data from VantageScore, published in August and reported by Reuters, tells a different story: 90-day delinquencies among super-prime borrowers jumped 109% compared to last year, while prime borrowers saw a 47% increase. It’s a warning sign. Even those considered the most […]

According to data from the Federal Reserve Bank of Philadelphia, cited by outlets like NerdWallet, the average purchase APR on U.S. credit cards now sits at 24.62%. During the pandemic, it was just over 20%. That gap may look small on paper, but in real life it adds up to hundreds of extra dollars in […]