The average American home has at least one household bank credit card and recent estimates place that figure at 81% of households. The growth of the credit card industry continues even as other sectors of the economy seem to be slowing down.

Reasons vary for obtaining a credit card but many people use credit cards as a manner of convenience—both in shopping without needing cash and tracking purchases. Many credit card companies offer a summary of spending in various categories such as groceries, restaurants, airlines, etc. which can assist customers with personal accounting. (more…)