revolving credit

U.S. consumers are certainly pulling out their credit cards to pay for goods and services, federal data has shown. The total outstanding credit card balance rose $11.3 billion to nearly $5.07 trillion in May, beating April’s jump by $4.8 billion, according to data released by the Federal...

There are two different types of credit that you should be aware of: non-revolving and revolving credit. Knowing what the differences are is essential to understanding the effect it has on your long-term credit and which one to use in a variety of financial situations. What Is Revolving Credit?...

On Thursday, MasterCard (NYSE: MA) reported its first quarter results. The payment-processor earned $0.73 per share, topping the consensus estimate of $0.72. Revenue of $2.17 billion beat analyst expectations by $30 million. MasterCard's net income for the quarter rose to $870 million, from $...

Credit cards are big business. With experts saying 70 percent of the U.S. economy is consumer spending, and much of that spending being made on credit cards, it is no wonder why plastic is all but ubiquitous in American society. Two of the largest credit card issuers North America are Capital...

Americans love their credit cards – although we're reportedly only third on the list of the world's top credit card users, after South Korea and Canada. But people living in the U.S. may be some of the more creative credit card users, according to a new survey commissioned by CardRatings.com....

The world in general, and Americans in particular, love their credit cards. The ease and convenience that "plastic" allows people to make purchases -- both at brick-and-mortar outlets and especially online -- has make credit cards a booming business. And when talk of leading payment platforms...