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.
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<a href="https://www.consumercredit.com/debt-resources-tools/infographics/information/cash-vs-card/"><img src="https://www.consumercredit.com/wp-content/uploads/2020/06/cash-vs-card_infographic.jpg" alt="Cash Vs. Card" title="Cash Vs. Card" /></a>
