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Fifty-three percent of consumers plan to use either their debit cards or cash for holiday shopping, and one out of three shoppers will use their credit cards to pay for gifts of more than $100, according to a new survey of 500 consumers released Thursday by Litle & Co., a Lowell-Mass.-based payments processing company.

The online, unscientific survey conducted by a third party for Litle & Co. also found that nearly 50% of all cardholders – including 73% of people with incomes more than $150,000 –  said their primary motivation for using their credit cards is to earn awards and miles.

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Peter Strozniak


Credit Union Times

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