Customers Using Less Credit Cards and More Cash

The majority of credit card issuers are whacking credit limits. A July 2008 report from Javelin Strategy & Research found that 62 percent of credit card issuers are lowering credit limits to existing cardholders. Only 8 percent are increasing lines of credit.

I don't worry about carrying cash as I never make very big purchases and I don't look like the kind of person who would have much cash on me!