With the largest shopping season of the year just around the corner, many consumers are creating shopping lists for their friends and family. A report from the National Retail Federation (NRF) finds that fewer shoppers will be using their credit cards this time around.

The NRF's 2010 Holiday Consumer Intentions and Actions survey, conducted by BIGresearch, found that only 27.6 percent of consumers will use credit cards to buy gifts. This is the lowest percentage since 2002.

"Many families may choose to leave credit cards at home as they shop this year, making sure to only purchase what's on their list and within their budget," said Matthew Shay, NRF president and CEO. "A variety of promotions ranging from free shipping to one-day sales will make it easier for shoppers to afford the perfect gift for their loved ones this holiday season."

In addition to brick-and-mortar stores, many online retailers will be offering promotions and sales to web savvy shoppers. Those who do plan on buying gifts on the internet may also want to avoid using their credit card, and instead pay for presents with their personal funds.