Credit cards are one of the most widely used financial tools in the United States. They shape how people spend, borrow and build credit. So, it’s fair to wonder what would happen if Americans suddenly stopped using them.
To explore the scenario, we asked ChatGPT to break down the consequences. To give you the best answer, ChatGPT laid out the big-picture effects, and we verified the key numbers with data from the Federal Reserve, the Bureau of Economic Analysis and the Consumer Financial Protection Bureau.
