Despite the increase in revolving debt carriers, Americans’ favorite credit card perk has nothing to do with their APRs. Cash back is the most-favored credit card feature, far above low APR, wide acceptance, travel perks, and a slew of other features.
The survey results reveal a potentially troubling trend: Americans are paying too much attention to their credit card rewards and not enough to their debt. But it’s not all black and white, and results varied by generation. Here’s a deep dive into the data, as well as some expert advice about how you can avoid some of the most common credit card pitfalls.
Young adults are least aware of their cards’ interest rates
