US Credit and Debit Card Spending Slows to Weakest Pace in Two Years, BofA Says

By Augusta SaraivaApril 12, 2023No Comments1 Min Read

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A customer signs for a purchase with a Barclaycard MasterCard Inc. chip credit card at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Tuesday, Nov. 22, 2016. Consumer hardline retailers are hopeful Black Friday will provide a strong start to the holiday shopping season, but any lift may come at the expense of margins, as the landscape has become increasingly promotional. Photographer: Patrick T. Fallon/Bloomberg

A buyer indicators for a purchase order with a Barclaycard MasterCard Inc. chip bank card at a Wal-Mart Shops Inc. location in Burbank, California, U.S., on Tuesday, Nov. 22, 2016. Shopper hardline retailers are hopeful Black Friday will present a robust begin to the vacation procuring season, however any raise might come on the expense of margins, because the panorama has grow to be more and more promotional. Photographer: Patrick T. Fallon/Bloomberg

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