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Q1 Survey Shows 33% of Cardholders Increased Spending

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"Q1 Survey Shows 33% of Cardholders Increased Spending"

Nearly 33% of cardholders increased their credit card spending over the last six months, showing how critical credit cards are in today's economic environment.

Elevated inflation is pushing credit card spending to new heights. Cardholders are using credit cards more frequently, and choosing products with rewards and cash-back programs over others.

This report analyzes 2023 data to uncover:

  • Cardholder types and their payment habits
  • Trends of increased credit card reliance
  • Factors that influence revolving balances
  • Value-added features most important to cardholders

Download the report to learn more and ensure your credit card program is supporting members during today’s uncertain economic environment.

Offered Free by: Elan Credit Card
See All Resources from: Elan Credit Card

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