Tim Cook encountered temporary difficulty early on in obtaining one of Apple's credit cards, once getting a denial in 2019, The Information reported.
Despite inflation and rising costs, more consumers said they were planning for a bigger spend on holiday gifts, according to a recent survey by Optimove.
Parents plan to cut back on back-to-school purchases by 10%, spending an average of $597 per student, according to the Deloitte survey.
American Express said on Friday it took in a record $15.1 billion over the second quarter as card members spent more on its credit cards. Its results beat Wall Street estimates.
Credit card debt is rising and while American consumers' spending shows confidence in their finances, high credit card interest rates loom as a threat if the economy slow.
Credit cards continue to be the primary source of personal debt in America, accounting for more than double any other single source, according to experts.
Americans saw their credit scores surge during the pandemic, but new data shows many of those same borrowers have started to see their scores slip back to previous lows.
Apple became the first public company to close a trading day with a market cap over $3 trillion Friday, even as Goldman Sachs reportedly looks to shed its credit card partnership.
Senators reintroduced bipartisan legislation that aims to reduce swipe fees for credit cards by increasing competition within the industry but would also remove the key funding mechanism of cash back rewards and points.
A report by CreditCards.com found that Mississippi had the highest credit card debt burden in the U.S. when factoring in household income while Massachusetts had the lowest.
Signs are emerging that BNPL providers have had to slow down lending and become more selective to turn a profit in the current tighter lending environment, according to a Wall Street Journal report.
House Democrats recently introduced the American Family Act of 2023, legislation that seeks to restore the expanded, monthly Child Tax Credit to parents across the U.S.
While investors are optimistic the Federal Reserve will pause interest rates this month, the move is unlikely to bring relief to stretched consumers holding credit card debt and variable rate loans.
Alternative debt financing products like medical credit cards and medical installment loans can weaken consumers' financial well-being, the CFPB warned in a recent report.
U.S. credit card balances increased 20% in the first quarter of 2023 compared to last year, a recent TransUnion report said.
Lawmakers are pushing legislation that would reform the credit card industry with the purpose of fostering greater competition, prompting widespread outcry from a diverse coalition.
There are many different credit cards that provide users with rewards based on their spending. These rewards come in the forms of cash back, points or miles.
New York Federal Reserve data released Monday shows household debt hit a fresh record in the first quarter of 2023 as high inflation squeezes Americans.
Nearly half of Americans (46%) said they would also consider BNPL an alternative financing method to credit cards or cash, according to a recent survey.
Federal Reserve data released Monday is expected to show that U.S. households are carrying $1 trillion in credit card debt, the highest level on record.