New Data Shows Consumers Take Strategic Approach to Credit Usage
10 Impact Statements: Consumer Credit
Most consumers use credit because they have to, but nearly 4 in 10 leverage credit strategically. In fact, 20% of consumers would choose not to purchase if their favorite credit product was unavailable. For more data-driven insights, read PYMNTS Intelligence’s exclusive eBook, “10 Impact Statements: Consumer Credit.”
Inside the December eBook
- 68%: Share of consumers who have an active credit card
- $2,721: Average monthly spending on credit and store cards
- 20%: Share of consumers who would not purchase an essential product if their preferred payment method was unavailable
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Top of Wallet Reimagined: Why Digital Credentials Now Decide Loyalty
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Exclusive eBook: Summer School Series: 7 Financial Services Leaders Share Their Vision for 2025
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10 Impact Statements: The 2024 Pay Later Report
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10 Impact Statements: How People Pay
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10 Impact Statements: The New Reality Check
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10 Impact Statements: Embedded Lending
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10 Impact Statements — SMB Growth: Credit Access
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10 Impact Statements: The 2024 Certainty Project
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Regulating Generative AI: The Six Storylines of 2023
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Digital Payments Flip the Script: 10 Merchants and 10 Visions for Digital Transformation
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2022 Outlook: The Innovations That Hit, Missed And Need To Hit Reset