credit card usage

Card Competition Bill Introduced; Our Growing Dependence On Credit Cards

America’s Dependence on Credit Cards is Growing. The Fed’s Rate Hike Will Make It More Painful As prices continue to rise, Americans are becoming increasingly reliant on credit cards to make purchases. And now, with the Federal Reserve’s latest three-quarter-percentage point hike, many of them will be paying more for the debt they’ve been accumulating. …

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Inflation: Australian credit card spending could up-end RBA’s economic plan

In years gone by, the Australian people had quite a love affair with their credit cards, with purchases made on credit cards equalling a record high 20 per cent of GDP in 2008. Since then, Australians have slowly moved away from credit cards, reducing their outstanding balances and increasingly taking advantage of various reward programs, …

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