Survey: Shoppers shunning credit cards


NEW YORK — Illinois-based TransUnion says the lowest percentage of shoppers in the history of a survey used credit cards for purchases during the Thanksgiving weekend.

The use of credit cards such as Visa and MasterCard fell 11 percent in the third quarter from a year earlier, The New York Times reported.

Many Americans want to avoid a big credit card debt after the holidays.

“The consumer really feels a lot of pressure from previous debts and they just aren’t going to dig themselves into that kind of hole,” said Britt Beemer, chief executive of America’s Research Group, a survey firm.

The organization said a survey following the Thanksgiving shopping weekend found about 17 percent paying with credit cards, or just over half the rate from a year ago — the lowest rate in the 27 years it has conducted a survey.

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