Credit card debt hits a new record high
This Week In Credit Card News: Credit Card Debt Still At Record Levels
Americans Struggle with Record Credit Card Debt U.S. credit card debt reached a record $1.17 trillion in the third quarter of 2024, growing from $770 billion in the first quarter of 2021 and the share of active credit card holders making just minimum payments rose to 10.75%, the highest percentage ever in data going back to 2012. [ The Guardian]
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Physical credit cards, numberless or not, will soon become redundant, as biometric payment options become more popular.
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Tokenization transforms payment information into a digital representation — or token — that is unique to the cardholder and ...
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