The changes are obvious, and the main reason for them, as you might guess, is the coronavirus pandemic. The use of plastic cards in general now seems more secure and hygienic. And the sharp jump in the use of credit cards can be associated with the worsening of people’s financial situation and their need to use credit funds instead of personal savings.
However, despite the critical situation, people keep visiting supermarkets. 72% of respondents confirm they made in-person purchases of groceries in April. And the worst thing is that 80% of elderly people, the most at-risk group, are among them.
Another 49% of the poll participants preferred take-outs using credit cards in 51%, debit cards in 32%, and cash in 17% of cases. Back in December 2019, these numbers were equal to 30%, 42%, and 28%, respectively.
28% of Americans ordered food deliveries from restaurants, 13% ordered groceries directly from supermarkets, and 13% more used special delivery services for these purposes. It turned out that such actions are conditioned by the consciousness of citizens. 62% of those who used delivery services explained this by their desire to help stimulate the economy.
This is also confirmed by an increase in tips. 62% say they tipped more than usual, while 21% tipped much more. Millennials were the most generous (67% tipped more), followed by baby boomers (61%) and Gen Xers (57%).
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Customer Questions
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There are special credit cards that allow consolidation of other cards’ debts - the balance transfer credit cards. These cards usually come with a 0% intro APR on balance transfer offer. The zero introductory period varies, but as a rule it is between six months and two years. So you can find a credit card with...
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The easiest way to find out if you have credit accounts under your name is to request a copy of all your three credit reports: Experian, Equifax, and TransUnion. The reports contain information about active credit accounts, its issuers, and the information about credit accounts balances. If you want to protect yourself...
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To set a PIN on your credit card, you should call the credit card issuer at the number on the back of your credit card and request your PIN. After that, the issuer will mail to you your PIN. In the meantime, if you need cash, you can go to a bank office and present your credit card and picture ID.
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The overall process of getting a credit card can take up to 30 business days. To know the status of your credit card applications you should contact the credit card issuer. A quick online search for the bank or credit card issuer's name should turn up a customer service phone number or email address. Banks and credit card...