Americans Piling Up Near-Record Levels Of Credit Card Debt

Higher interest rates, fees pad banks' profits but can be costly for consumers. Profits at Visa were up 17- percent in its most recent fiscal year, while Mastercard reported an 11 percent profit jump in its most recent quarter. They use their credit cards far more than they use their debit cards,' Jamie Dimon, chief executive of JPMorgan Chase, said in July.' I don't…