Marqeta report: 67% of consumers would switch their primary debit card, why issuers should offer flexible payment credentials

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Marqeta's 2026 State of Credit Report shows that 67% of consumers would replace their primary debit card with a flexible payment credential, and issuers should evaluate offering this product. The single payment card can switch at checkout between debit, credit lines, BNPL installments, or pooled funds, while 71% of consumers with multiple credit cards want to switch between credit products. Delivering this requires a single API that supports multiple payment types, real-time decisioning, and dynamic credential switching, with 60% of SMBs interested in flexible payment orchestration.