DOGE has been making regular cuts to the government card system since the beginning of President Donald Trump 's second administration. By May, DOGE had removed over half a million credit cards.

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What To Know In a post on X, formerly Twitter, DOGE said it had deactivated 523,000 credit cards following a 13-week audit. The cancellations include credit cards from various federal agencies ...

The credit card rejection rate has ticked up from 16.6% in early 2024 to a plateau of around 22.1%, per the New York Fed's SCE Credit Access Survey, and the application rate in February was 24.8% ...

Credit and debit card swipe fees have risen 70% since the COVID-19 pandemic and reached a record $187.2 billion in 2024, according to the MPC.

Kiernan added, “Hundreds of dollars in free money could make a trip abroad much more affordable, as could a lower exchange rate. Credit cards automatically offer the best exchange rates, saving you ...

On a $2,100 credit card bill, the values of these purchases are $210 and $168, respectively. Along with your grocery purchases, that’s $798 spent in the top three categories.

Credit-card balances stand at an all-time high of $1.2 trillion, up more than 7 percent year-on-year, and the share of borrowers who are late on their payments has reached its highest point since ...