1、November 2024 ReportCONSUMERS FINANCIAL HEALTH AND SPENDING PRIORITIES GUIDE CREDIT CARD CHOICESREAD MORE May 2024The Role of Strategic Partnerships in Consumer Credit Cards CONSUMERS FINANCIAL HEALTH AND SPENDING PRIORITIES GUIDE CREDIT CARD CHOICESConsumers Financial Health and Spending Priorities

2、 Guide Credit Card Choices was produced in collaboration with Elan,and PYMNTS Intelligence is grateful for the companys support and insight.PYMNTS Intelligence retains full editorial control over the following findings,methodology and data analysis.TABLE OF CONTENTSWhats at Stake .04Key Findings .08

3、The Full Story.12Data Focus .28Actionable Insights.32Methodology.35About .3604|Consumers Financial Health and Spending Priorities Guide Credit Card ChoicesWhats at Stake|05 2024 PYMNTS All Rights ReservedOne in 3 consumers opened a new credit card this year,with most choosing a general-purpose optio

4、n.Consumers with limited financial resources more often sought a new credit card to help manage emergency spending or essential costs they could not otherwise cover.In contrast,financially stable consumers more often sought rewards and better cash flow management options from credit cards.This inter

5、est prompted many financially stable consumers to reach for co-branded cards.However,consumers financial situations had little impact on subsequent spending behavior.Consumers remained more consistent than not in their spending whether they opened cards for emergencies or rewards.WHATS AT STAKEFor c

6、onsumers opening new credit cards this year,financial stability played a key role in their decision of card type.Recommendations from friends and family were also crucial,with 73%of consumers who received a recommendation considering it highly influential to their decision.Most consumers evaluated o