credit card use

US Consumers Upped Their Borrowing in March

U.S. consumers swiped their credit cards more often in March and took out more loans to attend school, driving overall borrowing up by the most in more than a decade. Total consumer borrowing rose $21.4 billion in March, the Federal Reserve said Monday. That's the seventh straight monthly increase and the largest since November 2001.

Credit Card Use Is on the Rise

Credit cards are making a comeback. At the end of 2008, more consumers were using debit cards than credit cards but now that trend has reversed. It's hard for some consumers to resist: Banks have been ramping up solicitations and boosting incentives for credit cards over the past year in an effort to get them to choose credit over debit. But have the big banks changed their ways?