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Inflation-era credit cards offer both risks and rewards
['National Reporter', 'Nathan Place Is A National Reporter At American Banker. A Native Of New York City', 'He Has Worked For More Than A Decade In Both Print', 'Staff Writer']
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Key insight : As prices rise, Americans are increasingly using credit cards to pay for basic necessities.
: As prices rise, Americans are increasingly using credit cards to pay for basic necessities.
Supporting data : In 2025, 63% of working-age U.S. adults paid for groceries with their credit cards, up from 60% in 2023, according to an Urban Institute study.
: In 2025, 63% of working-age U.S. adults paid for groceries with their credit cards, up from 60% in 2023, according to an Urban Institute study.
USAA, a $244 billion-asset financial services company that caters to U.S. military members, launched two new credit cards this month.