More consumer retrenchment

And, it will be marked on future spending.

http://www.usatoday.com/money/perfi/credit/2010-09-10-credit10_ST_N.htm

By Sandra Block, USA TODAY
Americans have sharply reduced their use of credit cards, and some analysts believe the trend will continue even after the economy has fully recovered.

The Federal Reserve Board reported this week that credit card borrowing fell at a 6.3% annual rate in July. The last time borrowing with credit cards increased was in August 2008.

Separately, a survey by Javelin Strategy & Research found that 56% of consumers used credit cards in 2009, down from 87% in 2007. Credit card usage could fall as low as 45% this year, the report said.