Credit Card Retail Payments Fall by 18% Amid Budget Pressures

As consumers continue to face financial pressures, many are shifting away from credit payments for retail purchases, instead playing it safe with debit.

By the Numbers

A PYMNTS Intelligence study in April for the Last Transaction Report series surveyed 1,730 United States consumers who bought non-grocery retail items in 30 days before being surveyed. The findings examined how shoppers paid for these items and compared the trends with consumers’ past preferences.

The study found that only 28.9% paid with credit cards...