Buying groceries? You’ll pay by debit card. Online? It’s credit cards or PayPal. Grabbing a burger? You’ll fork over cash, says a study of preferred payment methods
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.
Overall, according to the survey, consumers prefer to pay with debit — 50 percent of them call it their preferred payment method, with credit cards coming in second at 35 percent. Yet circumstances caused some fluctuations in preferences. While consumers tend to stick with debit for everyday purchases (such as gas and groceries), they’re more likely whip out the credit card for special occasions such as dining out and trips to a department store. When it comes to online shopping, PayPal (barely a blip on the radar for most types of purchases) rivals debit in popularity. The chart below shows the percentage of consumers who use a particular payment method most often in the specified location.
The survey, released in October 2013, polled 1,000 adults who have both debit and credit cards.
To use the graphic on your site, use the following code: