NEW YORK -- Illinois-based TransUnion says the lowest percentage of shoppers in the history of a survey used credit cards for purchases during the Thanksgiving weekend.
The use of credit cards such as Visa and MasterCard fell 11 percent in the third quarter from a year earlier, The New York Times reported.
Many Americans want to avoid a big credit card debt after the holidays.
"The consumer really feels a lot of pressure from previous debts and they just aren't going to dig themselves into that kind of hole," said Britt Beemer, chief executive of America's Research Group, a survey firm.
The organization said a survey following the Thanksgiving shopping weekend found about 17 percent paying with credit cards, or just over half the rate from a year ago -- the lowest rate in the 27 years it has conducted a survey.
Read Full Article
RELATED ARTICLES:
Buy 1 Get 2 Free at Botanic Choice Buy 1 Bottle and Get 2 FREE (select items), plus Free Shipping on $25+ Expires 12/31/2010
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
