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Credit card borrowers are drowning in debt, but one card company still holds a special place in their hearts. Kues / Shutterstock.com
Credit card borrowers are drowning in expensive red ink, with more than half — 51% — carrying revolving debt with what they report is an average interest rate of 14.8%, according to the J.D. Power 2023 U.S. Credit Card Satisfaction Study. In a summary of the study’s findings, John Cabell, managing director of payments intelligence at J.D. Power, says: All that debt appears to have put cardholders…
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