Where Credit Union Cards Can Win More Spending
Credit unions have a challenge that is more specific than simply getting members to use their cards more often. The July 2026 edition of “Credit Union Innovation Readiness: Consumers Trust Credit Unions but Don’t Always Reach for Their Cards,” a PYMNTS Intelligence report produced in collaboration with Velera, surveyed 14,218 U.S. consumers and 3,529 U.S. […] The post Where Credit Union Cards Can…
Credit union cards have an advantage over national bank cards in several essential expenses, such as rent/mortgage payments, utilities, mobile phone/home internet, groceries, and basic healthcare. However, credit union cards are less likely to be used for travel, electronics, retail, subscriptions, and restaurants. For small and medium-sized businesses, credit union cards lead in construction/contracting and renovation/space expansion but lose out in inventory purchases, basic operating costs, marketing/promotion, and non-inventory product purchases.
Consumers and SMBs have different factors influencing their card choice, with incentives/rewards being important for consumers and lower rates/fees and adequate credit limits being important for SMBs.
Written by urgent.news from PYMNTS's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
