Green Dot Survey Finds Majority of Holiday Shoppers Are Avoiding Credit Cards as Primary Form of Payment

Green Dot Survey Finds Majority of Holiday Shoppers Are Avoiding Credit Cards as Primary Form of Payment - MarketWatch
As Black Friday and Cyber Monday deals usher in the holiday shopping season, a new online survey conducted in November by Harris Interactive for Green Dot, a leading prepaid financial services company, finds the majority of holiday shoppers are shunning credit as their primary form of payment this holiday season. Concerned about adding debt to their holiday shopping cart, 69% of shoppers plan to primarily use available funds, such as debit cards, cash, checks, gift cards as well as prepaid cards to pay for gifts this year.

In their quest to avoid debt, 25% of consumers who used their credit card for holiday shopping last year said that they are less likely to use credit cards for purchases this year, and in fact, 1 in 10 said they will not be using them at all."