Reported 2 days ago
Recent data from the Federal Reserve Bank of Philadelphia shows that revolving credit card balances have reached $645 billion, indicating many consumers are relying on credit due to rising prices and stagnant incomes. Nick Ewen, a senior editorial director at The Points Guy, emphasizes that credit card users should avoid overextending themselves by only making minimum payments, as any interest or late fees can diminish the value of rewards points.
Source: YAHOO