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November 1, 2025

Despite Slow Growth, Credit Cards Still Dominate Consumer Retail Spending

Despite Slow Growth, Credit Cards Still Dominate Consumer Retail Spending

Note

For credit cards, private label credit cards and proximity mobile payments linked to a credit card are included. For debit cards, prepaid debit cards are excluded, and proximity mobile payments linked to a debit card are included. For prepaid cards, electronic benefits transfer (EBT) cards and ... proximity mobile payments linked to a prepaid card are included.

Methodology

Estimates are based on the analysis of data from the US Department of Commerce and the Federal Reserve, estimates from other research firms, reported company revenues, historical trends, consumer buying trends, and macro-level economic conditions.