Survey: Americans Prefer Paying with Cash for Smaller Purchases

A survey finds that Americans prefer paying with cash for smaller purchases, with 45% of respondents preferring cash for purchases under $10.

Read the original at 1851 Franchise
Survey: Americans Prefer Paying with Cash for Smaller Purchases

TL;DR

A survey by CreditCards.com found that 45% of Americans prefer paying with cash for purchases under $10. The survey, which involved 1,002 adults, also found that men are more likely than women to be impatient with credit card payment times.

A survey found that Americans prefer paying with cash when the total comes out to less than $10, according to a Fox Business article.

CreditCards.com commissioned SQL Server Reporting Services (SSRS) to conduct the survey, which involved phone interviews with 1,002 adults.

The results found that 45 percent of U.S. consumers who own a rewards credit card prefer using cash for purchases under $10. Thirty percent of consumers prefer to use a debit card for purchases under $10, and 23 percent of consumers prefer using a credit card, according to the article.

The survey also found that men are more likely than women to be impatient with how long it can take to pay with a credit card, according to the article.

In this story

This story was originally published in 1851 Franchise on September 17, 2018. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

Liked this? Get the week's franchise news, explained

  • Sunday 8 AM ET weekly + a monthly deep dive
  • Sections picked for the industries you follow
  • Every claim linked to its source. Free.

Free. We'll ask you to confirm. Unsubscribe anytime.