GoCardless, a global fintech for account-to-account payments, presented the results of its US-focused survey of 1,000 adults conducted between June 25 and July 1.

The survey shows 76% of respondents seek to decrease the usage of credit cards as they look to avoid debt. Consumers have also voiced their pessimism on their ability to pay off balances each month and make the minimum payments.

When the survey data is broken into age groups, 84% of respondents in both the 18-25 and 25-40 age groups say they are not in favor of credit cards.

Instead, the survey shows, debit cards and no-interest installment payments are rising in popularity. 89% of respondents belonging to the 18-25 age group say they prefer a debit card, as well as 87% in the 25-40 group.

87% in both the 18-25 and 25-40 age groups prefer no-interest installment payments over credit cards. In general, 70% of consumers said they would choose buy now, pay later (BNPL) services over a credit card.

“The pandemic put people in tough positions financially, and that likely accelerated the move away from credit cards. But this is part of a larger trend, particularly among young Americans,” Hiroki Takeuchi, co-founder and chief executive of GoCardless, said in a statement.

“Alternative payment methods such as buy now, pay later are booming, and Americans are also discovering the benefits of account-to-account payments such as ACH debit, which have been popular in other parts of the world for years.”