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Woman discusses her plan for eliminating $20K in credit card debt.

Tracy Schultz’s Journey to Overcome Credit Card Debt A few years back, Tracy Schultz found herself weighed down by credit card debt. Residents in Massachusetts have noted her efforts to stabilize her finances, covering rent while also managing her spending. “It all started with trying to make up for increasing rent, and grocery costs were […]

Changes in debt: Credit card and auto loan activity slows as student loans rise

At the start of the year, many Americans slowed down on credit card and auto debt, yet they began missing student loan payments, which are now showing up on credit reports. New data highlights a rising financial concern. Household debt grew from $167 billion to $18.2 trillion in the first quarter, according to a recent […]

Chase Sapphire Preferred or Venture X: Which card is right for you?

Chase and Capital One are currently the top contenders in the Travel Rewards credit card market. If you’re on the lookout for a travel rewards card, you might want to think about the Chase Sapphire Preferred® card and the Capital One Venture X Rewards credit card. Both cards feature unique transferable currencies and come with […]

Affirm Card GMV Increases by 115%, Indicating Ability to Withstand Economic Downturn

Affirm Reports Growth in Third Quarter The third quarter saw significant growth for Affirm, with both total product value (GMV) and revenue rising by 36% compared to the previous year, reaching $8.6 billion and $783 million, respectively. However, guidance indicates a potential slowdown in these growth rates ahead. Following the announcement, stocks experienced a decline […]

Ready to let AI use your credit card for grocery shopping? Visa encourages it.

Visa to Allow AI Chatbots to Access Credit Cards Visa is planning a significant shift in online shopping. The company intends to let AI chatbots access customers’ credit card information to make purchases autonomously. This move aims to streamline the buying process, allowing AI agents to independently shop for items like clothing, groceries, and travel […]

Innovators sought to lower credit card rates through data use.

Innovators needed to cut credit card rates by using data

In 2019, Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Bernie Sanders (I-Vt.) introduced legislation aimed at capping credit card interest rates and associated fees at 15%. Fast forward to 2023, when Sen. Josh Hawley (R-Mo.) proposed a limit of 18%. Then, in 2024, Donald Trump expressed intentions to reduce the rate further to 10%. Ocasio-Cortez and […]

Why I use my Scapia Credit Card each month – Live From A Lounge

In 2023, Scapia introduced a travel-focused credit card that stands apart due to its dedicated apps and features designed exclusively for travel enthusiasts. For instance, the accompanying app lets users book flights and accommodations, and even apply for necessary visas. Then in 2024, regulators instructed their banking partner, Federal Bank, to stop onboarding customers for […]