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How to Get Your First Credit Card

Better Credit Blog

With good credit, you’ll be able to access low annual percentage rates on mortgages, auto loans, and better credit cards with perks or no annual fees. Option 2 could wreck your credit score because you’re more likely to make late payments and carry large balances. How to Get Your First Credit Card.

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Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion

Collection Industry News

Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. The average interest rate for all cardholders jumped to more than 21% in August, the highest on record, according to Federal Reserve data. Federally chartered credit unions have an 18% limit. Josh Hawley, R-Mo.,