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Spending and Saving

No Comeback for Credit Cards

By Sara Clemence ⋅ 4:43 pm October 29, 2009 ⋅ 2 comments

cutting credit cardsIn case you haven’t heard, Americans are plunking down their gold (and blue and red and green) cards a lot less. And it looks like some of us are swearing off them altogether.

Almost a quarter of people said they had permanently changed their attitude towards credit cards and would not be using them anymore, in a recent survey commissioned by eBillMe. (Caveat: the company provides a payment alternative to credit cards…)

We’re getting smarter about money in other ways–or at least we say we are. 38 percent of people said they would manage their finances more carefully over the next six months, and 40 percent said they would save more.

Unfortunately, for a lot of us, that’s not saying much.

Related Posts:

  • Recession Teaches Americans How to Use Credit (Finally)
  • When Credit, Not Cash, is King
  • Getting Punished with Rewards
  • How Credit Card Companies Are Making Nice
  • Dealing with Debt: Credit Cards
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Print This PostTags: credit cards, personal finance, Spending and Saving

Discussion

2 comments for “No Comeback for Credit Cards”

  1. [...] here:  No Comeback for Credit Cards | Recessionwire Share and [...]

    Posted by No Comeback for Credit Cards | Recessionwire | Master Your Finances | October 29, 2009, 11:49 pm
  2. Social comments and analytics for this post…

    This post was mentioned on Twitter by Michael Lizun: No Comeback for Credit Cards (@recessionwire) ebillme study (client) http://su.pr/193moe...

    Posted by uberVU - social comments | October 30, 2009, 9:31 am

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