How does dollar amount consumers spend compare between credit and debit cards?

Question

Quizplus · Accepted Answer

Numerous studies have shown that credit cards are used for higher dollar transactions than debit cards. This is because credit cards offer rewards and cashback incentives that encourage consumers to use them for larger purchases. Additionally, credit cards offer more security features and buyer protection compared to debit cards, which also contribute to higher spending on credit cards.

How Does Dollar Amount Consumers Spend Compare Between Credit and Debit