For Credit Unions
A new consumer report on credit card usage from Elan Credit Card and PYMNTS Intelligence explores preferences on general use versus co-branded and store credit cards, drivers that impact consumer choice, and trends by demographic.
Report highlights:
- 68% of consumers have a general-use card (2.5x more than co-brand or store cards)
- Consumers with general-use credit cards average 37% higher monthly spend
- Gen Z and millennials prefer general-use and store cards
Explore additional data and findings in the full report.