Markets

Consumers might abandon credit cards and push $100 billion of spending onto debit cards every year because of coronavirus, a Visa executive says

Consumers are using more debit cards compared to the other high-end option of credit as a result of the coronavirus pandemic, Visa has found. Visa’s US credit-card volumes fell sharply in May year-on-year, while debit-card usage grew 12%, according to an SEC filing this week. The payment-card company’s internal analysis […]
Consumers might abandon credit cards and push $100 billion of spending onto debit cards every year because of coronavirus, a Visa executive says
Markets

How Americans use their credit cards differently across the US

Credit-card debt is at an all-time high in the US, with differences in balances and credit scores across regions. Residents in the Northeast and Upper Midwest generally own more credit cards and have higher credit scores. Southerners, on the other hand, have lower scores and fewer cards. Here’s how people […]
How Americans use their credit cards differently across the US