According to the 2016 U.S. Consumer Payment Study conducted by the credit card service company TSYS, credit cards have displaced debit cards as America's most preferred payment method. Why is credit the new king? The sheer number of credit cards plays a role, with 61% of Americans saying they have two or more credit cards at their disposal – but rewards programs may be the primary driver.
TSYS found that the type of rewards offered with a credit card was the most attractive feature by far – almost double the amount of any other feature, including interest rates – as long as baseline security issues are met. When asked to prioritize security versus rewards, almost three-quarters of respondents chose security. Rewards are merely an attractive option, but security is a requirement.
Within rewards categories, cash is king. Cash rebate programs were preferred by 69% of study pa...
from MoneyTips https://www.moneytips.com/most-important-credit-card-rewards/418
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