NEW YORK—Americans place more importance on credit card features, like rewards, interest rates, and other perks, than how much they trust a credit card issuer, according to a survey from The Motley Fool Ascent.
The survey also found that cash back credit cards are the most popular credit cards in America and Capital One is the most common issuer of credit cards.
As the report noted, different generations have different credit card priorities. Members of Gen Z are most likely to have a credit card with a solid sign-up offer bonus, for example, while Baby Boomers are more likely to have a store or brand-specific credit card.
What Americans are Saying
When considering opening a new credit card, 64% of Americans say credit card features like interest rates, rewards, and other perks, are more important than whether they trust the issuer of the credit card, Motley Fool reported.
“Prioritizing credit card interest rates and rewards over trust in the issuer carries through across generations and credit scores,” The Motley Fool stated.
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