Budgeting benefits help appeal to 23% of consumers who don’t have credit cards

If you’re reading this, chances are you have a credit card, as nearly 200 million Americans do — with many holding more than one. And those cards are getting more use than ever, especially in this current economic environment.

“People use credit based on the functionality and flexibility, as well as the security,” Brian Bugg, director of strategic partnerships at Elan Credit Card, told PYMNTS.

He added that, given the current macro realities, popular benefits of credit cards today are about allowing consumers to optimize their spending in real time.

That’s because, with concerns about rising prices and inflation, many consumers are looking for ways to manage their finances effectively.


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