Consumers Spend Nearly $2,000 Per Month Using 'Top of Wallet' Credit Cards, Study Finds

The Credit Economy: Top-of-Wallet Credit Cards

What does it take to gain “top of wallet” status? A new PYMNTS study, “The Credit Economy: Top-of-Wallet Credit Cards,” a collaboration with i2c, shows that U.S. cardholders average nearly $2,000 per monthly statement on their preferred card, versus just over $1,200 for their second-choice card. ? Consumers with multiple credit cards play favorites and issuers need to take notice. Download the report now.

Inside the May Report
  • 78%: Share of credit cardholders with multiple cards
  • $1,903: Credit cardholders’ average monthly balance on their primary card
  • 48%: Share of credit cardholders who cite rewards or discounts as a key reason for signing up for their primary card

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