Credit card use plunges as hard times drag on, debit use rises - USATODAY.com

Credit card use plunges as hard times drag on, debit use rises - USATODAY.com: "Enlarge image Enlarge By Elaine Thompson, AP
As credit card usage declines, debit card purchases are on the rise.

THE CREDIT TRAP
Part 1: How rising home values, easy credit put your finances at risk
Part 2: Why banks are boosting credit card interest rates and fees
Part 3: Credit cards' soaring rates bite consumers
Part 4: Sliding economy raises questions about credit scores
Part 5 : Checking accounts are targets as banks find ways to boost fees
Part 6: Banks' 'courtesy' loans at soaring rates irk consumers
More


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Americans have sharply reduced their use of credit cards, and some analysts believe the trend will continue even after the economy has fully recovered.

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