Topic: Credit Cards

CREDIT CARDS

Americans Paid an Estimated $25 Billion More in Credit Card Interest and Fees in 2022 Than in 2021

Many Americans are no strangers to the financial burden of credit card debt — and as interest rates climbed throughout 2022, that burden grew heavier. In fact, Americans paid an estimated $133.1 billion in credit card interest and fees to banks, credit unions and finance companies in 2022 — a 23.1% (or $25.0 billion) increase from 2021, according to the latest LendingTree study

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