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Sure, we’re putting some purchases on credit cards, but we’re still not getting out the plastic for big travel expenses.
Some big banks will give credit cards to people who lack credit scores, looking instead at savings and checking account history.
Lenders aren’t quite as nervous about consumer finances anymore, and they’re anticipating a boom in consumer spending.
Government relief checks helped.
In its battle against tax evasion, the government wants more Italians to change their payment method.
It’s good news for our personal economies, but it means we’re not spending as much to prop the economy as a whole.
Cards that once lured in customers with travel perks are now focusing on spending that’s closer to home during the pandemic.
With government support waning, people could start tapping credit to make ends meet.
Some credit experts say that if Congress does not pass a new relief bill soon, credit card offers could dry up more.
Visa CEO Al Kelly discusses the consumer economy and corporate responsibility today, amid the global pandemic and nationwide protests for racial justice.