Consumer Spending

US Consumers Pick National Banks Most for Their Primary Credit Cards
US Consumers Pick National Banks Most for Their Primary Credit Cards
December 19, 2023  |  Credit Cards

In the United States, the average consumer has four credit cards, and the total credit card debt is nearly $1.1 trillion, according to data from...

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Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances
Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances
December 19, 2023  |  Consumer Finance

The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards...

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15% of Cardholders Cite Rewards for Increased Credit Card Spending
15% of Cardholders Cite Rewards for Increased Credit Card Spending
December 19, 2023  |  Loyalty & Rewards

Bank-issued credit cards, owned by nearly 200 million individuals in the United States, have become an essential financial tool amid inflation and rising costs, providing...

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How Elf on the Shelf Co-Founder Turns Tradition Into Retail Success
How Elf on the Shelf Co-Founder Turns Tradition Into Retail Success
December 16, 2023  |  Retail

The Elf on the Shelf is a popular tradition created by Carol Aebersold, Chanda Bell and Christa Pitts of The Lumistella Company in 2005 after...

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Travelers Are Willing to Splurge on Full-Price Restaurant Meals
Travelers Are Willing to Splurge on Full-Price Restaurant Meals
December 15, 2023  |  Consumer Insights

While many consumers are looking for ways to pinch pennies amid ongoing financial challenges, PYMNTS Intelligence found that diners are more likely to pay full...

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Chase Announces Grocery Deal as Food Shoppers Demand Cash-Back Rewards
Chase Announces Grocery Deal as Food Shoppers Demand Cash-Back Rewards
December 15, 2023  |  Loyalty & Rewards

Chase is targeting consumers’ demand for food deals with new cash-back offers, a move that comes as consumers seek card-linked offers from grocers. The banking company...

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JPMorgan Chase on Why Businesses Are ‘Cautiously Optimistic’ Headed Into 2024
JPMorgan Chase on Why Businesses Are ‘Cautiously Optimistic’ Headed Into 2024
December 15, 2023  |  Economy

Asked by Karen Webster to offer up her thoughts on the state of the U.S. economy and how businesses are approaching 2024, Ginger Chambless, head...

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Subscription Merchants Implement BNPL to Woo Budget-Strapped Consumers
Subscription Merchants Implement BNPL to Woo Budget-Strapped Consumers
December 14, 2023  |  BNPL

More subscription merchants are offering buy now, pay later (BNPL) options to attract budget-constrained consumers, PYMNTS Intelligence finds, with the share increasing by the month....

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Chewy Launches Vet Service as Consumers Keep Spending on Pets
Chewy Launches Vet Service as Consumers Keep Spending on Pets
December 14, 2023  |  Retail

Pet products retailer Chewy is launching “Chewy Vet Care,” a network of pet health practices. The first of these veterinary practices will open in South Florida in early 2024,...

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