Retail credit cards are squeezing the financially vulnerable as their delinquency rate rises — how to avoid this mistake [MarketWatch]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: MarketWatch
Retail credit cards are squeezing the financially vulnerable as their delinquency rate rises — how to avoid this mistake For the past two months, Becky Beach, an avid shopper with a low credit score, has found herself trapped in the “shop more, earn more points” game that retailers play. Beach, a 37-year-old stay-at-home mom, has been overdue on two of her store credit card payments — Loft and Kohl’s KSS, +1.88% . At first, she was surprised the stores even approved her for their credit cards. But then she started collecting points on every visit. “Loft offered me 30% off on my first purchase,” Beach said. “I keep spending to get free clothes and now I have $65 in points.” Beach, like many others, says she’s “really hooked” on getting free clothes. B
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- CD Rates Today: March 14, 2025 – Rates Move Lower [Forbes]Forbes
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- 3/4/25 - Form 4
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