Chasing rewards, facing debt: The hidden cost of credit card perks
With credit card debt at a record $1.2 trillion, experts are urging cardholders to rethink their strategies before the costs outweigh the rewards.
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With credit card debt at a record $1.2 trillion, experts are urging cardholders to rethink their strategies before the costs outweigh the rewards.
With the markets so volatile, many people across the country are concerned about what that means for their financial futures.
In the race to earn points, miles and cashback, more Americans are finding themselves stuck in a cycle of credit card debt.
CBS News Miami's Joe Gorchow reports how the man is working his way out and the nonprofit that helped him out.
Florida has the second-highest credit delinquency rate in the nation, according to WalletHub.
A new report by the Federal Reserve Bank of New York shows all major loan categories are on the rise, with credit card balances topping $1.2 trillion-dollars.
Nearly 60% of Americans don't have enough money put away to handle common financial emergencies, according to Bankrate.
Matt Schulz, a credit card analyst with LendingTree, says it's nearly impossible to tackle credit card debt without a good feel for how much money is coming in and going out of your household on a regular basis.
Miami ranks 4th in the nation for the most non-mortgage debt, according to Lending Tree. Orlando ranked 7th while Tampa rounded out the top 10.
Americans struggling with credit card debt hope relief will come with more expected interest rate cuts later this year.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
Consumers tacked on an additional $27 billion in credit card spending in the second quarter, the Federal Reserve Bank of New York said.
More Americans are maxing out their credit cards, especially younger people. CBS News Miami's Ivan Taylor spoke with a finance professor and shared her solutions.
Credit card debt hit a record $1.13 trillion at the end of 2023, while delinquencies have surged more than 50% from a year ago.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
A significant number of Americans are only making the minimum payment on their credit card debt
Financial expert Craig Kirsner has some tips to help dig out from credit card debt.
The Consumer Federation of America handled nearly 600,000 complaints in 2022
With annual percentage rates topping 20%, it's more important than ever to lower your credit card debt. These tips can help.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Credit card debt is up 17 percent in the past year
Inflation is causing many people to lean on credit cards to cover monthly expenses and most people are having to pay heavy interest on that debt.
Millennials with debt and dependents most likely to feel the financial crunch
About 36% of survey respondents said they have more credit card debt than emergency savings, up from 22% a year ago.
The fire was on the fifth floor of the Marina Bay Apartments.
The city is expected to welcome at least 18,000 runners and walkers from 700 companies to take part in the 5K event.
"That just made me so mad," one laid-off FDA scientist said.
A 25-year-old former South Florida Starbucks employee is accused of stealing a cell phone from a former co-worker to send sexually explicit images to himself without their consent, police said.
Donovan Mitchell scored 30 points, including 17 in the fourth quarter, and the Cleveland Cavaliers held on for a 121-112 victory over the Miami Heat on Wednesday night for a 2-0 lead in their Eastern Conference first-round series.
The fire was on the fifth floor of the Marina Bay Apartments.
The city is expected to welcome at least 18,000 runners and walkers from 700 companies to take part in the 5K event.
"That just made me so mad," one laid-off FDA scientist said.
During the week-long event, there will be special tributes commemorating the Navy's 250 years of defending the nation.
A 25-year-old former South Florida Starbucks employee is accused of stealing a cell phone from a former co-worker to send sexually explicit images to himself without their consent, police said.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
Two U.S. retailers warned President Trump his sweeping tariff policy could disrupt supply chains and lead to empty shelves in the coming weeks.
Vice President JD Vance met briefly with Pope Francis on Easter Sunday. Vance said he knew the pontiff was "very ill," but he "didn't realize how sick he was."
A proposed amendment that would have kept the door open for sports facilities was rejected.
Elon Musk told Tesla investors that he plans to scale back his time at the Department of Government Efficiency.
President Trump said he isn't planning on firing Federal Reserve chair Jerome Powell, one day after calling Powell a "major loser."
There has been a major development in the aftermath of our CBS News Miami documentary "Warehoused: The Life and Death of Tristin Murphy."
The former lieutenant governor sat down with "Facing South Florida" for her first interview since becoming FIU's interim president.
"Facing South Florida" devotes the entire half hour to taking an up-close look at President Donald Trump's first month in office.
"Facing South Florida" devotes the entire half hour to the immigration bill DeSantis signed and the tumultuous events leading up to it.
Jim talks to Republican State Senator Blaise Ingoglia, who has been in the immigration battle from the beginning.
"That just made me so mad," one laid-off FDA scientist said.
The Affordable Care Act requires health insurers and group health plans to cover certain preventive-care services recommended by the U.S. Preventive Services Task Force at no cost to patients.
Casely received 51 consumer reports of the charger's lithium-ion batteries catching fire while in use, resulting in burn injuries.
The CDC is now struggling to keep up with requests for support from states with measles outbreaks.
A majority of the agency's COVID-19 vaccine work group now backs narrower "risk-based" recommendations.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
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Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
The WWE's 41st WrestleMania event is finally here. Here's what time it starts and how to watch all the action on night 2.
Ryan Gosling will star in the next installment of the "Star Wars" franchise, "Star Wars: Starfighter," which will hit theaters in May 2027. Shawn Levy will direct the film.
Michelle Trachtenberg's death was initially undetermined but the medical examiner amended it after lab test results showed complications of diabetes mellitus.
Wink Martindale, the host of hit game shows "Gambit" and "Tic-Tac-Dough," has died. He was 91.
David Beckham says Miami has become his second home, reflecting on his love for the city, his soccer ventures, and new wellness brand.