According to Lending Tree, Americans’ total credit card debt in late 2022 was a whopping $925 billion. That’s a huge number that’s making credit card companies wealthy as their customers pay exorbitant interest rates and other fees.
When your credit card detects fraud, the issuer will notify you via text, email, or phone. If you notice fraud on your account, it's essential to report it immediately, as there may be a limited timeframe to report fraud.
Some credit cards offer exclusive access to special offers, discounts, additional points, or extra cash back at certain stores and online retailers. These offers can provide significant savings and additional perks on items you buy.