Electronic Payments Coalition

The Value of Credit Cards

Credit cards are the most secure and convenient way for consumers to make purchases and for businesses to accept payments. Credit cards help protect Americans by alerting them to potential fraud—providing financial security while providing convenient payment options and rewards that help families pay for everyday goods.

80%

of consumers say security is the top factor when choosing a credit card.

$22B

invested annually by networks in fraud prevention tools and technology.

96%

of fraud attempts are blocked or fully refunded, even if fraud occurs.

$600M+

credit accounts fueling over 1 billion cards in circulation.

82%

of U.S. adults have at least one credit card.

75%

of consumers prefer credit or debit cards over cash for in-person payments.

Rewards aren’t just luxurious extras or bonus travel perks, for many Americans, these rewards serve as a financial lifeline to stretch budgets, covering everyday expenses and seasonal spending like holidays and back-to-school shopping. In fact, since 2020, rewards ownership has grown the fastest among low-to-moderate income households.

15.1M

domestic passengers redeem rewards miles each year.

$901M

in state and local tax revenue.

$23.4B

in total economic impact.
Cardholders with incomes less than

$60,000

redeem rewards at rates consistent with upper income cardholders.
~

70%

low-to-moderate income households now hold a rewards card, providing more families with access to cash-back, points, and other benefits that support household budgets.

183,000

jobs are directly supported by rewards on co-branded airline cards.

$90T+

in economic activity enabled by electronic payments since 2006.

3x higher

transactions with credit cards, compared to the average cash transaction.

350%

increase in online sales over the past 10 years, a feature enabled through credit cards. 
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