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infographic: cash vs. card

ACCC wanted to know more about consumer payment method preferences, so we asked consumers if they preferred to use cash, credit card, or debit card and whether that varied depending on the type and size of the purchase. Did you know that 80% of consumers use their debit card to pay for everyday purchases such as gas, meals, and groceries? However, when it came to larger purchases consumers are more willing to acquire credit card debt because they cannot afford to make a large purchase at the time. We also asked consumers what they do with the cash they are given if they pay the bill for a group of people using their credit or debit card. Find out more interesting statistics about consumer cash usage versus credit card usage by checking out this comprehensive cash versus credit card usage infographic below.

Cash Vs Card _Inforgraphic

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American Consumer Credit Counseling (ACCC) provides nonprofit credit counseling, debt relief, and debt elimination services for consumers nationwide. We offer free credit counseling to help consumers identify the right debt reduction program or debt solution for their unique situation. Since 1991, our certified credit counselors have helped thousands of individuals and families learn how to pay off a credit card balance and how to get out of debt fast through programs designed to payoff credit card debt within five years. Our debt management programs consolidate card credit debt payments and help reduce interest rates and finances charges, reducing the time it takes for getting rid of debt. And we offer comprehensive financial education services where consumers can get answers to questions like "How do I create a budget?", "What is debt consolidation?" and "How can I avoid debt in the future?"

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