Innovations and Payment Systems

Check card popularity: Benefits of the card


Payment by credit card or debit card offers convenience and security to consumers, and the assurance of payment to merchants.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

Millions of American consumers are opting to pay with a credit card or debit card when making purchases instead of using the more traditional methods of paying by cash or check.

Compare Instant Approval Credit CardsOne of the main reasons consumer are paying so frequently with a credit card or debit card is due to convenience.  Credit card and debit card payments allow consumers to handle transactions without having to fumble for cash or go to an ATM.  Paying with plastic also lets them skip the time-consuming steps of digging through their pockets or purses and counting out exact change.  And, with larger numbers of businesses adding the option of credit card and debit card payments, the convenience for shoppers only grows.

Although certain consumers may feel that plastic payments are less secure than the paper variety, some experts feel otherwise, noting that cash or checkbooks are easily lost or stolen.  While identity theft remains an issue for credit card and debit card users, these experts note that they still offer more safeguards than with paper.

Credit card and debit card payments also appeal to merchants, who appreciate the assurance of payment.  With checks, there is the issue of float time, or the period until a check clears the bank.  Float time can be costly for merchants since the money does not reach them right away.

While cash may always be king to some people, credit card and debit card use is on the rise.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Innovations and Payment Systems

Credit card companies promote no-signature transactions

This new feature from popular credit card companies could save you time making small purchases.

See more stories
Credit Card Rate Report Updated: September 16th, 2020
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.