The Top Ways People Are Paying for Holiday Expenses This Year: Experts Weigh In on Which Is Best

Core Insights - A recent PwC survey indicates that debit cards are the most preferred payment method for holiday spending at 55%, followed closely by credit cards at 52% and cash at 48% [1] Payment Methods - Debit Cards: Most favored payment method among consumers, with 55% preference [1] - Credit Cards: Preferred by 52% of respondents; experts advise using them only if the balance can be paid off in full to avoid overspending [5][6] - Cash: Chosen by 48% of shoppers; while traditional, it may not offer the same consumer protections as cards [1] - Gift Cards/Prepaid Cards: Preferred by 27%; they can help curb spending but may lose value over time due to fees [4] - PayPal: Also preferred by 27%; offers convenience for online transactions [1] - Loyalty Points/Rewards: Least preferred at 17%; can provide additional value but are not a primary payment method [1] Expert Recommendations - Gift Cards: Offer security and consumer protection but can expire or incur fees; tracking balances is recommended [4] - Credit Card Usage: Consumers should track spending to avoid exceeding budgets; credit cards provide expanded liability coverage and rewards [5][6]