Credit card debt soars as companies try to lure more customers with perks

Spending and inflation have sent credit card debt soaring to a record high of nearly a trillion dollars, and credit card companies are offering perks to try to get more people to sign up. Javier E. David, a CBS News contributor and the managing editor for business and markets at Axios, joined Vladimir Duthiers and Anne-Marie Green to discuss what customers need to look out for.

#news #economy #inflation

CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+.

Subscribe to the CBS News YouTube channel:    / cbsnews  
Watch CBS News: https://cbsn.ws/1PlLpZ7c
Download the CBS News app: https://cbsn.ws/1Xb1WC8
Follow CBS News on Instagram:   / cbsnews  
Like CBS News on Facebook:   / cbsnews  
Follow CBS News on Twitter:   / cbsnews  
Subscribe to our newsletters: https://cbsn.ws/1RqHw7T
Try Paramount+ free: https://bit.ly/2OiW1kZ

For video licensing inquiries, contact: [email protected]