WalletAre you a conservative, pays-with-cash sort of consumer or a swashbuckling, smartphone-wielding early adopter? As it turns out, what's in your wallet -- and even what you consider your "wallet" -- may say more about you than you think.

If you listen to the buzz from the money and technology soothsayers, you'll hear that cash and credit cards -- not to mention checks -- will soon be endangered species. The future belongs to easy-to-use digital platforms like Square or PayPal's mobile wallet.

But though the 18- to 24-year-old demographic is twice as likely to adopt such smart-tech options, according to American Express, it's not specifically age that is discouraging some people from jumping in the mobile-payment bandwagon: The real countervailing forces come in the form of concerns about privacy and identity theft, and the fear that such methods will make it too easy to overspend.

New data from American Express has divided consumers into three categories based on their buying methods: "the techie" who will try any new mobile or frictionless transaction technology; "the security buff," who is more wary of venturing into high-tech methods of transactions because of the personal information that they put at risk; and "the budget boss," who fears that the ability to buy with a wave of your hand (if that hand holds a smartphone) will encourage too much spending.

So which category do you fall into? Check out the American Express infographic below to find out:


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BUFFALO

I am a cash person and I find that using cash lowers the price 3% to 5% sometimes I do use a third party payments so I never have to give anyone my CC numbers. I never use my CC except thru a third party.
Cash is king and will always be preferred method because it the cheapest to use.

April 19 2012 at 3:35 PM Report abuse rate up rate down Reply
jen.brit5

My friend Vanessa, a 25 yrs lady, has announced her wedding with a millionaire young man Ronald who is the CEO of a MNC. It's amazing, she said she just posted her profile on a millionaire dating site called MillionaireLoveLinks.CoM and received his chat invitations a few days later. Then, everything went so well that I can't believe it's true! Every love story will unfold on it's own. you can start your own wealthy love story for real at there too !

The only hustlers for American Express that I encounter are Costco and Hilton brand hotels. Most restaurants and retailers don't accept American Express cards. I suspect the vigorish charged is more than restaurants and retailers want to spend. I won't apply because of this and don't need to stir up my excellant credit rating by adding another card that I can't and won't use.

April 13 2012 at 7:40 AM Report abuse rate up rate down Reply
justiceforjanelle

AMEX has a security issue on merchant accounts. I notified them of this security problem off and on for 7 years. They didn't care then and they still don't care now. I have hacked in to my own merchant account every month for 7 years now, because I am curious if they will ever fix it. In fact, I have never had a login and password formally issued for my merchant account. If you login to your AMEX credit card account, then try to go to your merchant account through an email notification, it will ask you to put in your merchant account login information. Just hit the back arrow and click on any report quickly, before the screen refreshes. Once you've opened a report, you are in your merchant account, no login necessary. I hack in every single month using this security flaw.

April 12 2012 at 1:59 PM Report abuse rate up rate down Reply
justiceforjanelle

AMEX has had a security issue on merchant accounts they haven't addressed for around 7 years. I notified them repeatedly of this issue 7 years ago. They didn't care. I hack in to my own account every month exploiting this security issue, just to see if they have fixed it yet. 7 years it has existed and it affects everyone who has both a merchant account and uses AMEX for a corporate credit card account.

April 12 2012 at 1:50 PM Report abuse rate up rate down Reply
freeetob

The only hustlers for American Express that I encounter are Costco and Hilton brand hotels. Most restaurants and retailers don't accept American Express cards. I suspect the vigorish charged is more than restaurants and retailers want to spend. I won't apply because of this and don't need to stir up my excellant credit rating by adding another card that I can't and won't use.

April 11 2012 at 7:54 PM Report abuse +1 rate up rate down Reply
jdykbpl45

Holder wants to invade your privacy. He is also Obama's gun runner to Mexico.

April 11 2012 at 6:50 PM Report abuse rate up rate down Reply