Your Creditors Aren’t Judging You. They’re Running a Model — So Should You.
Called your card company before missing a payment and got told no? Here’s the word CFPB’s own advice leaves out — and what to ask instead.
Credit Card Industry
What Synchrony’s 10-Q Really Shows About Your Late Fees
Synchrony’s Q2 2026 10-Q shows late-fee revenue and delinquencies fell from a year ago – even with the CFPB’s $8 cap gone. Here’s what the filing says.
What Synchrony Just Quietly Told the SEC About Your Credit Card
Synchrony Financial disclosed to investors that the CFPB’s $8 credit card late fee cap was vacated in April 2025 — then collected $5.4 billion in interest and fees from 68.3 million cardholders in Q2 2026. Here is what their SEC filing says about what you pay.
Using a Credit Card on Venmo? You May Be Paying a Cash Advance Fee Without Knowing It
Using a credit card to send money on Venmo triggers a cash advance at most major banks — stacking Venmo’s 3% fee on top of your bank’s cash advance fee and immediate interest at up to 29% APR. Here’s which banks do it, which don’t, and how to avoid it.
10% Credit Card Interest Rate Cap: Why the Math Shows You Will Lose Your Card
A 10% federal credit card rate cap sounds like relief for people in debt. But research projects up to 159 million Americans could lose card access entirely — and be pushed toward payday loans instead.
63% of Americans Want Lower Credit Card Rates Over Rewards — Here’s Why They’re Right
A Groundwork Collaborative poll finds 63% of Americans prefer a 10% credit card interest rate cap over keeping rewards programs. With 49% of cardholders carrying balances monthly, the math shows why they’re making the right call.
Retail Credit Cards: Bankruptcy Risk Review
Quick Answer: Retail credit cards pose significant bankruptcy risk due to predatory practices targeting subprime borrowers with interest rates up to 36% APR. Major issuers like Synchrony and Capital One raised rates preemptively when late fee caps were proposed, then kept both high rates and old fees when regulations failed.You walk into Macy’s for a …
Who Really Owns Your Credit Card? (Spoiler: It’s Not Who You Think)
Quick Answer: Credit card holders don’t actually own their cards—the issuing bank does and can change terms, credit limits, or close accounts at any time. Banks like Chase, Capital One, and Citi treat cardholders as users under a business contract that heavily favors the financial institution.You might think your credit card is just a plastic …
Credit Card Use Without Debt: Is It Legit?
Quick Answer: Yes, using credit cards without accumulating debt is possible through disciplined spending habits and immediate payment strategies. The average U.S. household carries $16,000 in credit card debt at 29% APR, but successful debt-free cardholders treat credit cards as payment tools rather than borrowing mechanisms.Nobody dreams of waking up buried under 29% APR and …
Kohl’s Credit Card: What It Means and What to Do
Quick Answer: The Kohl’s Credit Card is a store-only card that offers a 35% welcome discount and 12+ exclusive offers annually, making it valuable for frequent shoppers who pay balances in full. However, it only works at Kohl’s locations and their website, limiting its usefulness as an everyday credit card.Thinking about getting a Kohl’s Credit …
