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Debt Credit Cards

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    US financial companies still have more than a $1 trillion on their balance sheets, but analysts say they are unlike to stem the recent rally in financials.

  • Since the first widely accepted plastic charge card was issued in 1958 by American Express, the use of credit cards has skyrocketed. In fact, at the end February, more than 576 million credit cards were in circulation* in the United States alone, with US consumers' revolving debt rising to $864.4 billion*** (98 percent of which is made up of credit card debt) as of January.The average American household with credit card debt at that time was carrying more than $16,000** at an average rate of 14.

    Since the first widely accepted plastic charge card was issued in 1958 by American Express, the use of credit cards has skyrocketed. Check out the world's top 10 credit card issuers.

  • Plus, get calls on tech, aerospace and more.

  • MasterCard Marketplace

    MasterCard  is set to introduce a Web shopping mall on Monday that it says can pinpoint with considerable accuracy what its cardholders are likely to purchase. The NYT explains.

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    Consumer borrowing fell again in February, reflecting weakness in credit cards and auto loans. It marks a setback to hopes that consumers are beginning to feel more confident and will start spending more.

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    Late payments for most types of consumer loans decreased in the final quarter of last year, a new industry survey shows.

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    When the financial crisis froze markets and drove the U.S. economy deeper into recession, the Federal Reserve stepped in. Now it is stepping out , and that leaves two important questions for investors.

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    Couples must learn how to deal with their debt, or they may not last long. How much do you know about the effect of debt on marriages?

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    Gift and travel rewards were the rage before, but the recession has made many consumers opt for cash-back options in their credit cards.

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    As unemployment nears 10 percent and with no end in sight for the worst downturn in the job markets since the Great Depression, a structural change is occurring in the American workforce that is forcing many of us to become more self-reliant on matters of retirement.

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    After years of profiting from debt-ridden credit-card holders, banks, faced with tight new regulations, are aggressively targeting wealthier card holders, to try to get them to pay more —and generate more revenue.

  • Patti Stanger

    The most important Valentine’s Day rule, according to Patti Stanger, star of Bravo’s hit reality show Millionaire Matchmaker, is don’t ignore Valentine’s Day.

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    Sure, the economy's not great, but that's no excuse not to get something nice. "Make it personal and show that you put some thought and effort into it," advises one expert

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    With financial struggle more the rule than the exception these day, many financially stable parents are looking for ways to help their newly married children alleviate some of the burden. Here's some tips.

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    Surviving on a single salary, after you’ve built a life on two, takes planning, discipline and above all else, a willingness to make tough choices.

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    If you’re looking to show your spouse how much you care this Valentine’s Day, bag the gift or night out and get your credit cards paid off instead. It may lose points for romance, but the gesture is guaranteed to yield dividends in the long-term stability of your relationship.

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    There are a host of financial and legal scenarios for which you need to be prepared--in some case simply by leaving your home state.

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    Lending money to family members and good friends is always risky, but if you must follow these guidelines to make it rational, reasonable and legal.

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    Talking about money with family can be extremely stressful, but it is possible to do it and do it well, if you remember some simple rules: Do it early, build the relationship, and have empathy.

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    The credit card giant reported a profit that more than doubled from a year ago on a per-share basis, and the earnings also beat Wall Street forecasts.