Households pay off just 38% of the amount they added to cards in 2015.
CardHub's CEO questions whether 2016 could be the next 2008 for credit markets.
No relief from card fraud risk until majority of consumers begin using EMV-equipped cards.
Some call for a national data security standard, others say consumers entitled to free, ongoing access to credit reports.
Spending rises by $15.94 billion, which is a 35% increase over Q3 2013’s figure.
CardHub CEO says First PREMIER Bank is trying to prevent consumers from looking at competing card offers.
One indication of how deeply plastic payments have influenced the U.S. retail market has been the explosive growth in gift cards at the expense of cash, checks and other forms of plastic. Not only has the National Retail Federation reported that gift cards have effectively extended the holiday shopping season...
CardHub.com says consumers purchased almost $28 million in gift cards over the 2011 holiday season.