Discover surveyed more than 2,000 U.S. adults about payment methods they’ll use most this holiday season.
The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we may receive compensation when you click on links to products from our partners. Learn more about our advertising policy.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Please see the bank’s website for the most current version of card offers; and please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.
Discover surveyed more than 2,000 U.S. adults about which payment methods they’ll use most this holiday season. About a third (32 percent) indicated credit cards would be their go-to payment method, with debit and prepaid cards in a close second at 29 percent.
Cash ranked third, with almost a quarter (23 percent) saying they would pull out the greenbacks for most of their holiday shopping. That’s up from last year, when only 19 percent cited cash as their preferred payment, while credit card preference is down from 38 percent last year.
Among those who said they’ll use credit cards the most, 42 percent said rewards, points and miles are the biggest driver behind their choice. Other primary reasons were the convenience of credit cards (28 percent), the ability to easily track spending (18 percent) and being able to make purchases when there isn’t enough cash on hand (12 percent).
Discover Financial Services has been conducting its annual holiday shopping survey since 2004. This year’s installment surveyed 2,008 U.S. consumers age 18 and older in late October, with results released Nov. 20.
To use the graphic on your site, use the following code: