How many cards do you use?

Oz Shy

No 13-13, Working Papers from Federal Reserve Bank of Boston

Abstract: This paper investigates how buyers allocate their spending among debit, credit, and prepaid cards. Using the 2012 Diary of Consumer Payment Choice, I show that consumers tend to concentrate the majority of their transactions and a large value of their transactions on a single type of card. The paper also investigates whether buyers concentrate their spending on one of the card networks, a behavior known as \"single-homing.\"

Keywords: payment card use; choice of payment cards; multi-homing; single-homing (search for similar items in EconPapers)
JEL-codes: D14 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2013-12-31
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Citations: View citations in EconPapers (9)

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