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More consumers use credit cards for purchases under USD 10, survey shows

Monday 19 August 2019 | 01:34 PM CET

Among US-based adults, 16% have said they usually pay with credit cards for totals under USD 10, according to new survey data from CreditCards.com.

That is up from 12% who said the same in 2018. Among people who have credit cards that come with rewards – like cash back, miles, or points – the share is 26%, up from 23% last year.

The information is based on an online survey done in July 2019 of more than 2,500 US-based adults. From 2014 through 2017, when the annual poll defined a 'small purchase' as one under USD 5, the share of consumers preferring a credit card for those buys also rose to 17%, from 11%.

Roughly half of all survey respondents (49%) prefer cash for purchases under USD 10. Among those with rewards credit cards, the share is 43%. About a third of both groups – 35% and 31%, respectively – report using a debit card as their go-to choice for covering those small buys.

More: Link
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