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

    First Name*

    Last Name*

    Title*

    Company*

    Country*

    Work Email*

    BY COMPLETING THIS FORM, I HAVE READ AND ACKNOWLEDGED THE TERMS AND CONDITIONS.

    Elan Financial Services Credit Card Report Series

    Credit Unions and Community Banks Gain Credit Card Issuing Momentum
    The Convenience Catalyst: How Consumer Experience Features Drive Credit Card Usage
    Credit Score Literacy And Building Credit
    Online Security And The Debit-Credit Divide
    Delivering Cardholder Customer Service
    Bridging The Gap: Mobile Card App Adoption Report