18 Nov
Gift Cards Next To Get Legislation
Are you using cash this holiday season? A recent survey of American consumers shows that more than ever shoppers are planning on using cash this year to buy holiday presents. It’s a good thing, too, because with the rates at which credit card companies are raising interest rates and penalty fees, and decreasing credit limits, consumers are really left with no other options.
The amount of consumers who plan on using their credit card this year to pay for holiday gifts dropped a whole 10%, while just 4% plan on using personal checks. Cash is in this season, and if the credit card companies have learned anything about consumer interests it’s that they don’t like high interest rates and outrageous fees. Most just aren’t going to take the chance of getting into debt this holiday season.
