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E-payments are essential in China, but still tricky for foreign visitors

Sep 26, 2024
China has simplified some of its mobile payment app set ups to make it easier for visitors, but how easy are they to use?
WeChat is one of two key mobile payment apps that have dominated daily life in China since the pandemic.
RICHARD A. BROOKS/AFP/Getty Images

Along with higher prices, credit card delinquency rates are rising

Sep 12, 2024
A new report suggests that could dampen holiday spirits.
Credit card delinquencies are rising due to consumers grappling with higher prices.
Justin Sullivan/Getty Images

Why is credit card debt rising again?

Jan 29, 2024
Delinquencies are up, especially for people with lower incomes and multiple types of debt, according to the New York Fed.
People with jobs feel comfortable spending money on their credit cards, says Liz Ann Sonders, chief investment strategist at Charles Schwab.
Robert Nickelsberg/Getty Images

Inflation, high interest rates, and access are all part of credit card debt exceeding $1 trillion

Aug 9, 2023
A strong labor market also means people feel more confident they'll be able to pay the debt back.
Gen Zers are are growing their credit card balances at a faster pace than any other generation, and are confident they'll be able to pay it back in the future.
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Credit card debt is up 13% from last year, New York Fed reports

Aug 3, 2022
That’s the biggest year-over-year increase in 20 years. Inflation is just part of the reason.
Credit card debt increased by 13% over recent months as consumers go back to pre-pandemic spending habits, like going to restaurants or traveling.
Matt Cardy/Getty Images

Using coronavirus relief to pay down credit cards

Aug 6, 2020
Credit card debt was down by $76 billion in the second quarter, the steepest decline in card balances since tracking started.
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Consumer lending is a bright spot for big banks

Oct 17, 2019
Even as retail sales growth is showing signs of stalling, consumers are continuing to borrow.
The JP Morgan Chase headquarters in Manhattan.
Spencer Platt/Getty Images

Thieves have been stealing credit card info at gas pumps. Now there's an app to foil them.

Sep 6, 2019
"Skimmers" capture credit card data and can transmit it wirelessly to criminals.
Skimmer circuits can record thousands of credit card numbers and transmit them via Bluetooth to a criminal’s computer.
Shalina Chatlani/KPBS

Why Apple encourages holders of its new credit card not to swipe it

Mar 26, 2019
Apple’s launch event Monday for the first time included no new iPhones, Macs, Apple Watches or other devices.
Eric Thayer/Getty Images