Credit and Bank Deals: Your Source for Top Credit Card and Bank Deals

Sounds bad, but I think a lot more people are using their credit cards wisely and maximizing their rewards and benefits. A lot of consumers are catching on to the App-O-Rama craze. Make sure you check out the forums on Fatwallet.com for App-O-Rama articles or the Hustler-Rama articles on HustlerMoneyBlog.com for more info on how to use credit cards to earn thousands annually in interest savings.

“Consumer revolving credit grew again in August after topping the $900 billion milestone for the first time in June. Americans tacked on $6.2 billion in net new revolving debt in August after racking up new debt of $5.6 billion in July. Revolving consumer credit has now reached a record $915.5 billion and is growing by 8.1% per annum. Based on revised figures, revolving debt rose 7.5% in July and 7.1% in June. According to data released by the Federal Reserve, total revolving credit has expanded by nearly $39 billion since the start of the new year. Bank credit card debt (excluding store and gas credit cards) at the end of the second quarter was about $740 billion or roughly 82% of total revolving credit, according to CardData (www.carddata.com). Store and gas credit cards had about $105 billion in outstandings at year-end 2006. At the end of August, Americans were $2470 billion in debt, excluding home mortgages. ”