NEW YORK—Points and miles may take consumers to exotic destinations, but a new Bankrate survey has found American credit card holders tend to value a more practical prize: cash back rewards.
The survey found more than four in 10 (41%) U.S. adults listed cash back as their favorite credit card feature. The next-most-desired features didn’t even come close to the overwhelming popularity of cash back rewards. Cash back was three times as popular as the next favorite feature, wide acceptance, according to Bankrate.
After cash back, here are the most popular credit card features cardholders chose in the Bankrate poll:
- Accepted most places (14%)
- Low interest rate (9%)
- Travel rewards (6%)
- Low fees (5%)
- Travel perks (4%)
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