Get all your news in one place.
100's of premium titles.
One app.
Start reading

Credit card debt soars as perks proliferate

Voracious spending and historically high inflation have helped drive credit card debt to a record high of almost $1 trillion — and credit card issuers are offering all sorts of incentives to lure new customers.

Why it matters: Travel points, cash back and other perks can be a siren song for many Americans who are spending their way through rising prices, even amidst ambient concerns about an eventual recession.


Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.