America is hooked on credit cards — and it's pretty clear why (JPM, TSYS)

Americans have racked up $1.01 trillion in revolving debt — primarily credit card debt — according to the Federal Reserve. That's the highest tally since the financial crisis in 2008. 
The credit card is now the preferred method of payment among Americans, edging out debit cards and cash, according to the 2016 US Payment Study by payment processing company Total Systems Services, or TSYS.
It's the first time credit cards claimed the top spot in the six years TSYS has been conduc