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Credit cards aren’t evil – if you know how to use them the right way | Gene Marks

The Guardian Business Sunday 07 June 2026, 14:00 UTC By Gene Marks 1 min read
Key Points

Using a credit card is no different than having a drink or two at dinner or a Big Mac once in a while. It’s fine, just don’t overdo itThe percentage of credit card balances that were at least 90 days delinquent rose to 13.12% in the first quarter of this year, according to data released in May by the Federal Reserve Bank of New York. As the Wall Street Journal reported: “That’s the highest level in 15 years, and the most since the period following the 2008 financial crisis.”

Using a credit card is no different than having a drink or two at dinner or a Big Mac once in a while. It’s fine, just don’t overdo it

The percentage of credit card balances that were at least 90 days delinquent rose to 13.12% in the first quarter of this year, according to data released in May by the Federal Reserve Bank of New York. As the Wall Street Journal reported: “That’s the highest level in 15 years, and the most since the period following the 2008 financial crisis.” The report went on to highlight cases of individuals drowning in too much credit card debt.

There’s no argument that this is a concern. Delinquent credit card balances are rising. And some people are struggling. But are Visa and Mastercard to blame?

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Gene Marks (PERSON) Big Mac (ORG) the Federal Reserve Bank of New York (ORG) the Wall Street Journal (ORG) Visa (ORG) Mastercard (ORG)
Originally published by The Guardian Business Read original →

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