Credit cards Coverage

Americans' reliance on credit cards is the key to Capital One's bid for Discover

Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that they won't break the habit.

Millennials are running up more debt than ever before

Americans are financially extended to start the year - with one generation feeling particularly strained.

Alicia Wallace, CNN

5 steps to a debt-free life

Americans' credit card debt reached $1.02 trillion in the second quarter (Q2) of 2023, according to Experian data. That marks the first time credit card balances have ever surpassed the $1 trillion mark.

Evelyn Waugh, Stacker

Did your credit card limit get lowered? Five on Your Side explains why, what you can do

WRAL has heard from several people that the credit limit on their credit cards suddenly shrunk. Five on Your Side learned why a lower credit limit could mean you pay more, and how you can fight back.

Did your credit card limit get lowered? Five on Your Side explains why and what you can do

WRAL has heard from several people that the credit limit on their credit cards, suddenly shrunk.

Keely Arthur, WRAL consumer reporter

Raleigh metro sees 34.6% increase in credit card frauds in 2022 compared to year before, report finds

The analysis found the Raleigh metro area saw 11.2 credit card fraud reports per 10,000 residents in 2022.

Mark Bergin, WRAL senior multiplatform producer

How to manage credit card debt in the New Year

Financial experts say to avoid the credit debt trap, consolidate all your debt onto one lower-interest card.

Report: Inflation is causing families to burn through their pandemic savings

Stimulus checks and child tax credits allowed many people to build up their savings during the pandemic, economists said.

Brian Shrader, WRAL anchor/reporter

Inflation leading to higher credit card debt for many Americans

With prices on the rise, more Americans are turning to credit cards at the grocery store, gas pump and other merchants.

Triangle businesses unable to process credit card payments Saturday due to outage

The credit card processing company TSYS, one of the largest companies of its kind in the United States, was experiencing an outage on Saturday night. Its system was unable to process transactions, according to one of its customers, Shift4 Payments.

Maggie Brown, WRAL multiplatform producer

Mastercard to integrate cryptocurrencies into its network

Currently, Mastercard offers cryptocurrency cards in partnership with vendors who convert the cryptocurrency into standard currency.

Credit card companies cut some rewards during pandemic

As the pandemic drags on, you might start to notice that your credit card rewards are not what they used to be. Consumer reporter John Matarese shows us what your credit card may be cutting.

Americans have less debt for first time in 5 years

American credit card balances fell by $76 billion, between April and June.

Can technology predict your debt? How AI is changing the repayment landscape

By utilizing artificial intelligence machine learning, companies are able to use information like credit score, income, location, creditors, and more to predict which repayment plan will be most effective for an individual. 

Credit card companies offering enhanced rewards amid coronavirus

The coronavirus pandemic has forced many Americans to rethink their finances and that includes credit cards. Experts say it's a good time to give another look to what credit card will serve you best during the new normal.

Use bill paying strategies

Prioritize which bills get paid, and which don't.

Struggling with bills? 5 On Your Side shares advice

So many businesses shut down, so many people laid off and now or soon to be, collecting unemployment.

Monica Laliberte, Executive producer/consumer reporter

Coronavirus fears force many to reexamine spending methods

Stores and restaurants may have closed their doors temporarily during the coronavirus chaos, but people are still spending money. It's how they are spending that has changed a bit.

People idled by virus fallout seek unemployment benefits, look for other jobs

Many people in North Carolina are facing or fearing layoffs as local businesses and schools close to prevent the spread of the coronavirus. But North Carolina has various resources available to help them.

Aaron Thomas, WRAL reporter

Police find card skimmer at Cary gas station

At least two victims had their credit or debit cards skimmed at the Valero gas station in Cary.

Heather Leah, WRAL digital journalist

Father, daughter sentenced to prison after pleading guilty in counterfeit credit card scheme

A woman and her father were sentenced to prison after pleading guilty to charges in a credit card fraud scheme, a U.S. attorney said Thursday.

Creedmoor police investigating credit card fraud case

Creedmoor police are investigating a credit card fraud case and are looking for two suspects.

Permissible maximum for credit card late payment fees to rise by $1

Paying your credit card bill late will likely get more expensive in the New Year. Credit card late fees are expected to hit $40 in early 2020.

Police: Garner man ordered duplicate license from DMV as part of identity theft scheme

A Garner man is accused of wracking up hundreds of fraudulent charges on a bogus online credit account he created with the help of a driver's license he ordered from the state Division of Motor Vehicles, according to an arrest warrant.

Columbus County mom charged with stealing children's identity

A Columbus County mother has been arrested and her own children turned her in after deputies said she opened 12 credit card accounts under their names.