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Credit Cards “Popularity” over the Years

By PaymentsJournal
January 3, 2019
in Credit, Truth In Data
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Don’t miss another episode of Truth In Data! Click on the red bell in the lower left corner of your screen to receive notifications as soon as the episode publishes.

Data for this episode of Truth and Data provided by Mercator Advisory Group’s report – Consumers and Credit: Rising Usage.

About this report

The most recent Insight Summary Report from Mercator Advisory Group’s biannual CustomerMonitor Survey Series, titled U.S. Consumers and Credit: Rising Usage, reveals that 62% of U.S. households use credit cards in 2018, up from 60% of U.S. households in 2017. Rising use of online shopping appears to make credit cards more attractive, as the survey also finds that U.S. consumers are now more likely to prefer using credit cards rather than debit cards or any other payment type at online retailers, for online travel, digital content, and even online bill payments than since we started tracking usage preference in 2015.

View the referenced Truth In Data episode here

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Tags: Consumer BehaviorCredit Card

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