What Determines Your Payment Choice?
Cash is favored by consumers with lower educational and income levels, but transaction size is the biggest determinant of consumers' payment choices....
Tag: credit card statistics
Who’s Who in the U.S. Credit Card Industry
Even as Americans have become increasingly unwilling to carry credit card debt, both the number of cards issued and volumes processed in the US have been rising....
U.S. Credit Card Default, Delinquency, Repayment Rates Set New Records
U.S. credit card charge-offs fell to 3.71% in June; the 60-day delinquency rate dropped to 1.40%; the monthly payment rate spiked to 25.30%....
Alaska Keeps Leading Nation in Credit Card Debt, by a Huge Margin
Alaskans carried $6,789 in credit card debt in Q1 2013, on average, way ahead of Colorado residents who owed $5,525; Iowans had the lowest average -- $3,810....
Surging Credit Card Use in China Boosts GDP
The huge increase in payment card usage in China boosted consumption by 4.89% for the 2008-2012 period, adding $375B to GDP and increasing growth by 1.7%....