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What credit cardholders should know for 2025: Predictions, interest rates, changing benefits, and more

^{Published on 2024-12-19 17:00:52 - Yahoo Finance}
 

• Here's how you can prepare to make the most of award travel, avoid high interest, protect your card information, and more in the new year.

The article from Yahoo Finance discusses key changes and considerations for credit cardholders in 2025. It highlights that credit card companies are adapting to new regulations and economic conditions, which could affect interest rates, rewards programs, and fees. Notably, the CFPB (Consumer Financial Protection Bureau) has proposed rules to cap late fees, potentially saving consumers money but possibly leading banks to adjust other fees or rewards to compensate. Additionally, with economic recovery and inflation, interest rates might remain high, urging cardholders to pay off balances quickly. The article also mentions the shift towards digital payments, with more cards offering contactless payment options and enhanced security features. Lastly, it advises consumers to review their credit card agreements for changes in terms, rewards structures, and benefits, as issuers might alter these in response to regulatory changes and market dynamics.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/personal-finance/credit-cards/article/what-credit-cardholders-should-know-2025-215423049.html ]

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