Tag: credit card

Credit Card Companies to Target Cash-Averse Consumers

“Americans are becoming less reliant on physical currency, reports Pew Research. Roughly three-in-ten U.S. adults (29%) say they make no purchases using cash during a typical week, up slightly from 24% in 2015. And the share who say that all or almost all of their weekly purchases are made using cash has modestly decreased, from 24% in 2015 to 18% today, according to a new Pew Research Center survey that comes as some businesses experiment with becoming cashless establishments.”

43% of Consumers Changing Gas Station Payment Method to Avoid Pump Skimmers

Gas skimming is a growing threat to consumers at the gas pump, so much so that it has made an impact on how Americans pay for gas, according to a survey commissioned by CompareCards of American consumers who had purchased gasoline in the last 30 days. Forty-three percent of Americans said they’ve changed the way they pay for gas because of skimming concerns.

Credit Card Holders Value these Three Rewards Over All

Many consumers don’t do their research when it comes to credit cards, according to U.S. News & World Report, the global authority in rankings and consumer advice. In its most recent survey of credit card holders, U.S. News found that nearly half of respondents didn’t research their card before signing up. Further, more than 50% of those surveyed don’t regularly shop around for better cards.