Latest Consumer banking News

Millennial Money: How credit can beat buy now, pay later

Dec. 06, 2022 09:26 AM EST

At first glance, a “buy now, pay later” plan’s promise of no interest or upfront fees can seem more appealing than a credit card’s terms. Dividing a transaction into, say, a pay-in-four installment plan sounds straightforward and manageable. Unlike credit cards, though, these...

6 ways to boost your credit card rewards this holiday season

Nov. 30, 2022 09:45 AM EST

Get your wallet ready — it’s that time again with the holidays right around the corner. An estimated 91% of Americans will celebrate in some form this holiday season, a November report from the National Retail Federation shows. And for most people, celebration means spending. ...

Edmunds: How to mitigate rising auto loan interest rates

Nov. 23, 2022 07:22 AM EST

The Federal Reserve issued its latest interest rate hike in early November. It marks the sixth increase this year and has pushed new auto loan finance rates to their highest since 2019. Rates for used cars have also hit their highest since 2010. This will affect car shoppers this holiday season and...

US retail sales rose 1.3% last month, a sign of resilience

Nov. 16, 2022 10:28 AM EST

WASHINGTON (AP) — Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales...

Shock for visitors hoping for new Argentine exchange rate

Nov. 09, 2022 14:21 PM EST

BUENOS AIRES, Argentina (AP) — Visitors to Argentina are still not receiving a more favorable exchange rate when paying with credit and debit cards days after the new measure was announced last week, although officials insist it is only a matter of time until it is implemented. ...