Fourth of July Credit Card Survey
The credit card is an American invention. But while we use credit to pay for plenty of Independence Day purchases, plastic isn’t so patriotic in the minds of many. Some believe credit card debt doesn’t fit with core U.S. ideals, such as freedom and independence. Others say Uncle Sam tracks our credit card spending, restricting civil liberties.
It’s not all gloom, doom and conspiracy theories, though. These days, we tend to trust credit card companies more than cornerstone institutions such as the federal government and media. And most people think access to credit should be a fundamental right.
These red, white and blue credit card conclusions reflect the results of WalletHub’s nationally representative Fourth of July Credit Card Survey. You can check out the complete findings in the infographic below.
For more Independence Day stats, check out WalletHub’s Fourth of July By the Numbers report.
How much do you expect to spend on Fourth of July-related expenses?
What will be your primary method of payment?
How much will you earn in rewards on your Fourth of July spending?
|1% cash back / 1 point or mile per $1||10%|
|2% cash back / 2 points or miles per $1||10%|
|3%+ cash back / 3+ points or miles per $1||5%|
Where was the first credit card invented?
Is credit card debt consistent with America’s ideals (e.g. freedom and independence)?
Do you think the government tracks everyone’s credit card spending?
Which do you trust most?
|Your credit card company||46%|
|The Trump administration||21%|
Should access to credit be a basic American right?
Do you think it’s unpatriotic to get a credit card from a foreign bank?
Which type of item will be MOST DISCOUNTED during Fourth of July sales?
|Apparel & Accessories||29%|
|Computers & Phones||6%|
Which would you most like to declare independence from?
|Credit card debt||20%|
|Alcohol or Tobacco||10%|
Which are you prouder of this Fourth of July?
|Your credit score||44%|
Are you prouder of your country this year than last year?
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