Credit Card Use During Economic Turbulence
Gen Z, Millennials Use Credit Cards 30% More Than The Average Cardholder
Inflation is driving 43% of Gen Z consumers and millennials to shift more of their expenses to their credit cards, according to PYMNTS’ latest survey of 2,203 U.S. consumers, “Credit Card Use During Economic Turbulence,” a a collaboration with Elan Financial Services.
Inside the May Study
- 45%: Portion of consumers with credit cards who carry a revolving balance
- 31%: Share of cardholders prioritizing rewards and cash back programs
- 68%: Portion of high-spending non-revolvers valuing real-time fraud detection alerts above all other features
Evolution of Consumer Credit Card Use
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The Switching Trigger: How Issuers Can Stop Their Credit Cards From Losing Top-of-Wallet Status
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Winning Top of Wallet: How Credit Card Apps Shape Choice
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Credit Limits: Understanding Requests, Denials and the Consumer Experience
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Digital Payments Evolution: Virtual Cards Poised to Take Off
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Consumers’ Financial Health and Spending Priorities Guide Credit Card Choices
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The Role of Strategic Partnerships in Consumer Credit Cards
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Credit Unions and Community Banks Gain Credit Card Issuing Momentum
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The Convenience Catalyst: How Consumer Experience Features Drive Credit Card Usage
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Credit Score Literacy And Building Credit
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Online Security And The Debit-Credit Divide
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Delivering Cardholder Customer Service
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Bridging The Gap: Mobile Card App Adoption Report