Marqeta’s report points to consumers acquiring more credit cards. The share of consumers who only have one credit card fell, from 49% in 2021 to 39% this year. Conversely, the portion of respondents with two credit cards increased, from 31% to 35%, and those with more than three credit cards rose, from 21% to 27%, per the survey results. U.S. consumers were more than twice as likely as U.K. or Australian consumers to have multiple credit cards.
Meanwhile, half of all of those polled had used BNPL within the last 90 days, and the same share of 18 to 25 year olds had used it in the last 30 days, Marqeta said. About 35% of respondents said they use BNPL services more than credit cards.