More than 8 million drop out of credit card use
• APMore than 8 million consumers stopped using
credit cards over the past year. The decline stems from a combination
of consumer choices and bank actions.
An analysis by credit reporting agency TransUnion found that use of general purpose credit cards bearing MasterCard or Visa logos, or issued by Discover or American Express, fell more than 11 percent in the third quarter, compared with the July to September period last year.
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