Ninety four million Americans have their credit or debit card information stored on a website or mobile app for future purchases, according to a report from CreditCards.com. That includes over 14 million who always save their details.
The company surveyed 1,002 people. When it comes time to checkout, Gen Xers and Baby Boomers are the most guarded; two in five don't save their credit or debit card information for future purchases. The Silent Generation is more than twice as likely to consistently do so.
"There's no denying the convenience of online shopping; you don't even have to put on pants to make a purchase," says CreditCards.com senior industry analyst Matt Schulz. "However, saving your payment information online not only increases the likelihood of making unnecessary impulse purchases, it can also leave your data vulnerable to hackers."
The research also found that 33% of online shoppers always or mostly make electronics purchases, compared to 22% for clothing, shoes and accessories, 6% for furniture and 4% for groceries.