Step aside, debit cards.
Move over, cash.
Get lost, checks.
Credit cards are now officially Americans preferred form of payment.
These days, the credit card industry as a whole isramping up its rewards programsto compete for affluent customers.
Here at The Penny Hoarder, weve noted before that Americans love using a credit card.
Payment Studyconducted by payment processing company Total Systems Services (TSYS).
No Interest Til Almost 2027?
Balance Transfer = Credit Card Cheat Code
This is the sixth year that TSYS has conducted the study.
It surveys 1,000 consumers who have at least one credit card and one debit card.
Did you know?
Heres an option we like: Its theChase Freedom Unlimited card.
Theres no annual fee, and the cash-back rewards dont expire.
We checked Crediblesannual rewards calculator, and it estimates $417 in annual rewards based on our spending habits.
Get signed up and 0% intro APR for 15 months here.
Finally, heresa list of 10 reasonsyou should use a credit card instead of cash.
Credit cardsarent for everyone.
We only recommend using them if you know you could be responsible.
*Annual Rewards amounts will change based on the amounts you enter.
The monthly spending category names and definitions may vary among issuers, and categories may not align one-to-one.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
Hes a debit card guy.
It sounds appealing right?
Check it out here!