U.S. Bancorp reported record consumer deposits and a 11.5% rise in credit card loans, while dismissing the immediate threat of AI agents shifting customer cash between banks.
U.S. online retail sales grew 8.2% year-over-year in September as consumers increasingly turned to credit card installments to manage discretionary spending amid persistent inflation.
New research shows that 48% of Gen Z consumers would use credit cards more frequently if they could customize repayment plans at the point of sale.
Credit card installment plans saw a 13 percentage point increase in usage by March 2026, while BNPL services maintained a steady 15% adoption rate among U.S. consumers.
Chase now allows credit cardholders to convert Ultimate Rewards points into cash for investment through J.P. Morgan Wealth Management accounts.
UK digital bank Monzo has launched a new metal credit card, Monzo Aura, which features automated cashback investment and a range of partner perks.
Social media and influencers are increasingly influencing credit card selection among Gen Z, with 22% of young switchers using these channels to research their new primary card.
A new PYMNTS Intelligence report shows that 26% of travelers use credit card installments to fund their trips, reflecting a broader shift in consumer payment habits.
A new report by PYMNTS Intelligence reveals that 30 million U.S. cardholders are likely to switch their primary credit card within the next year, with Gen Z posing the highest churn risk.
