37% of Cardholders Have Recently Fallen Behind on Credit Card Payments, Survey Finds
Key Takeaways: 37.7% of cardholders polled report having recently missed a card payment due to economic factors. The NY Fed reports that spending and debt are on the rise, which may contribute to constrained budgets and missed payments. 45.2% of cardholders polled don't know how much interest their credit cards are charging them to carry a balance. Rewards are the number one reason cardholders choose to use a credit card for purchases. But rewards earning rates are greatly... read more »