‘Minimum-Payment Effect’ Covers Growing Number of Credit Card Users
pymnts.com/consumer-finance/2025/minimum-payment-effect-covers-growing-number-of-credit-card-users
For American consumers, making minimum monthly credit card payments is becoming the norm.
That’s according to a report Saturday (Jan. 25) by The Wall Street Journal (WSJ) on an uptick in credit card spending among consumers.
For example, JPMorgan Chase, the largest bank in the U.S., said…
This story appeared on pymnts.com, 2025-01-26 21:18:48.