Do you consider a rewards program as an integral part of your credit card choice? According to a new study by finder.com, close to one-third of Americans use credit cards just to get the associated rewards.
The finder survey suggests that approximately 71.7 million Americans (29.2% of the adult population) make credit card purchases just to receive the rewards. We spend an average of over $2,400 per person – almost $176 billion total – making purchases to rack up points.
"The powerful rewards associated with a credit card have been quite a motivator for consumers to swipe their plastic," reveals finder.com's.com's Consumer Advocate, Jennifer McDermott. "Earning cash, travel miles or other items in exchange for using a particular payment method can feel like a major win at the time, but it can lead to overspending and going into debt."
Where do we m...
from MoneyTips https://www.moneytips.com/1-in-3-use-credit-cards-simply-for-rewards/933
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