 TITLE: Holiday Spending Looks Different for Consumers in 2020 CONTENT: 1 in 4 Plan to Apply for New Credit Ahead of the Holidays\n---------------------------------------------------------\nIn addition to more consumers saying they'll use credit cards over cash for holiday purchasing, some 28% of those asked say they plan to open a new credit card ahead of the holidays. Of that group, 45% say they are facing credit or financial barriers due to COVID-19.\nAmong the others planning to open a new credit card this holiday season, some were looking to take advantage of introductory 0% annual percentage rate (APR) credit card offers or travel reward earnings possibilities. A total of 32% said they wanted to apply for a 0% intro APR card, while 31% wanted to open a card for the travel rewards. END