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]