Wednesday, December 21, 2005

Charging fast food

Since fast food restaurants started accepting credit cards, there use has seen explosive growth.

Based on VISA's SpendTrak report, consumers are charging $430 million per week for fast food, up 62% from the same week last year. The average fast food ticket charged to plastic is $10.75

Consumers will have charged $37 billion in fast food this year, up from only $3.7 billion 4 years ago. Americans spend $150 billion total on fast food annually.

I'm sure it is because they've seen customers embrace the ability to charge fast food, that the chains have started to issue their own plastic in the form of 'convenience cards.'
[data and image from CardWeb]

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