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

PYMNTS eBooks

10 Impact Statements: How People Pay
10 Impact Statements: The New Reality Check
10 Impact Statements: Embedded Lending
SMB Growth: Credit Access — 10 Impact Statements
10 Impact Statements: The 2024 Certainty Project
Regulating Generative AI: The Six Storylines of 2023
Digital Payments Flip the Script: 10 Merchants and 10 Visions for Digital Transformation
2022 Outlook: The Innovations That Hit, Missed And Need To Hit Reset