Save Your Wallet by Being Aware of These Current Credit Card Trends

Written By Aaron Sarentino
Apr 4, 2018


Are you familiar with current credit card trends? Sure, you know what a credit card is and how to use it. However, some consumers don’t know that the credit card industry changes regularly. Just like any other industry, there are things about credit cards that change all the time. While the cards still work the same, you can leverage these changes to save money. Current credit card trends

Interest is Going Up

Interest rates are going up. The Federal Reserve keeps raising its federal funds rate, which means that interest rates across the lending industry are going up too. This can mean big changes for credit card users who carry a large balance. Protect yourself by creating a personalized budget or by getting some extra help.

Online Shopping

Credit cards make it incredibly easy to shop online. According to Statista, the amount that consumers are spending online is growing. Most of this goes on credit cards because the only other way to pay is usually by debit and many like to utilize their rewards programs. If you limit your online shopping, you’ll limit your credit usage as well. 

Putting Large Expenses on the Card

In an effort to get the most out of their credit cards, more people are using them to pay for large expenses, like tuition and medical bills. While this maximizes rewards, it also means you pay high interest rates if you can’t pay off the whole bill at once. Instead, save until you have enough to make the purchase or choose a payment plan.

Credit cards are very useful and come with a lot of perks but allowing debt to accumulate with interest rates rising is a dangerous mix. If you are carrying heavy credit card debt and are looking for a solution that works, call Americor and see why so many Americans chose our program. Keep reading with our article on how does credit card debt work.

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Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

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