Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
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 jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
Bank of America issues a range of credit cards. There are cards for earning travel rewards and cash-back, as well as small business cards, airline credit cards and ones for building ...
I’m very disappointed with Bank of America. Due to an issue with their ... I’ve been using credit cards for 8 years and have never had any issues with payments or late fees on any of them.
Toni is a points and miles enthusiast who has been leveraging loyalty programs to travel around the world (for nearly free) with her husband and their four young children. She’s passionate about ...
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