WASHINGTON—Six in 10 U.S. credit or debit cardholders (64%) say they have saved their card number online or in mobile apps despite safety concerns, according to a new survey.
The latest Bankrate Credit Cards survey finds more than half (56%) of U.S. adults save their credit or debit card information on a retailer or service's website—such as Amazon, Walmart or Netflix—while 32% save their credit or debit card information in a mobile payments app—such as Apple Pay or Google Pay, Bankrate stated.
Sixty percent of Millennials have saved card information on a retail or service’s website compared to 61% of Gen X and 51% of Baby Boomers. Forty-seven percent of Millennials have saved a card number on a mobile payment app, compared to 36% of Gen X and 51% of Boomers, and 25% of Millennials have memorized a card number compared to 21% of Gen X and 14% of Boomers.
There’s a larger generational difference in saving debit card information on a retailer or service’s website. Forty-three percent of Millennials have done so compared to 41% of Gen X and 26% of Boomers, Bankrate said.