Money News: Hitting The Cards Hard This Holiday Season? You Are Not Alone!

November 28, 2022

35% of Americans are expected to rely on retail credit cards this holiday season. A LendingTree survey found, as cash-strapped buyers seek alternatives to stretch their budgets. That’s up from 29% a year ago and the second-highest percentage since 2020. The sharp uptick comes as the average credit card interest rate for retail cards – which typically carry higher interest rates than regular cards – hit a high of 26.60%, up from 25.27% a year ago. According to LendingTree, it also comes as more and more retail giants are upping their store card interest rates past 30%. Click Here To Read More.

Source: Yahoo/Money/Lending Tree

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