Americans' credit card debt hits a record $1 trillion | CNN Business
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Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

  • snooggums
    1•1 year ago

    When you already have a bunch of money you get higher rewards and pay lower interest so your money flows through their balance sheets.

    • @eek2121
      3•1 year ago

      You don’t pay amy interest if you pay in full within 30 days of the statement date.