Americans open record-setting amount of credit cards

The credit card market has been really hot. The May through October 2021 timeframe included six of the seven busiest months ever for credit card originations, according to Equifax. And while that’s the most recent data that we have, it seems that the trend has continued into 2022.
There are a lot of interesting offers out there right now and there’s really something for everybody. So whether you have debt and would benefit from a 0 percent balance transfer card, or if you’re somebody who prefers cash back or maybe you’re just raring to go and can’t wait to travel again and want to get a travel rewards card, there are competitive offers in all three card types right now.
I’d point out that sign-up bonuses have slipped a little bit since last summer and fall, but they’re still attractive. Basically, lenders are feeling a lot better about risk right now. So whereas 2020 really brought a big clampdown in terms of new card originations as the COVID pandemic set in, right now unemployment is way down, the economy is growing, delinquencies are really low – card marketers are looking to grow again. And you can use this to your advantage by picking a card that suits you.


Sign Up For Bankrate Dashboard (It’s Free):

Get Quality Investment Planning to Ensure a Brighter Future

Investment planning is very important for your future. Make sure you are headed in the right direction for a wonderful retirement.

2015 Best Stock Investment Strategies

For over five years now one of the best stock investment strategies has been to simply buy and hold. Is it time for you to consider other investment strategies for 2015 and beyond? Many long term investors will ignore their stock investment strategies until they start to see their losses mount.

Market Correction? Remember the Ace Up Your Sleeve

As of market close on 10/17, the S&P 500 is still only off less than 6% from its high on 9/18. Consequently, we still have a ways to go before we touch the “correction” mark. Of course, we have no idea whether the drop will reach 10%, but why not mentally prepare ourselves by exploring what has traditionally happened to stock prices once that 10% decline is crossed?

The Help to Buy Debate: Is This Why Home Price Averages Are Climbing?

Many like to criticise the Help to Buy scheme, alleging price increases result. But others disagree: most buyers are outside of London, new to ownership.

A Cheaper Way to Live and Get Ahead – Own a Recreation Vehicle (RV)

A cheaper way to live. Own an RV, Recreation Vehicle. Live for less, get ahead where in a few years you have the option to own land, or a home that can be paid for and continue to live easier.

You May Also Like

Leave a Reply