Banks opened a record 22.4 million new credit cards in one quarter — and one in four went to borrowers with a credit score of 660 or below. New card offers now average close to 24% APR, and a $5,000 balance at that rate costs about $1,200 a year in interest alone. In this video, we break down TransUnion's Q3 2026 report, who is really getting these cards, why subprime limits jumped 20% in a year, the minimum-payment trap that turns $6,610 into over $30,000, and the 5 moves that keep you from becoming the banks' best customer. Follow US Money Guide for daily money tips!
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Educational content, not financial advice.
