A nationwide CardRatings survey carried out on July 31-Aug. 4, 2020, requested respondents in regards to the political ideology with which they most carefully determine as properly the kind of bank cards they like to make use of and their habits on the subject of paying off their balances.
The connection between card kind and political id
The survey reveals that cashback bank cards are the preferred type of bank card for each celebration identification polled besides the Inexperienced Occasion. Total 28% of respondents say they often pay for purchases with a cash-back bank card.
For respondents who say they most carefully determine with the Inexperienced Occasion, utilizing a non-rewards bank card and utilizing a mixture of playing cards tied for the preferred bank card choices at 18% vs. simply 12% who say they use only a cash-back card.
A earlier CardRatings survey additionally confirmed that cash-back rewards playing cards are the preferred type of rewards bank card regardless of journey rewards often showing as the topic of extra media curiosity and dialogue.
Relating to utilizing a mixture of playing cards, it seems respondents are heeding the recommendation of bank card specialists who advocate strategically, and responsibly, utilizing a number of bank cards to be able to maximize your rewards. Utilizing a combo of playing cards is available in because the second hottest bank card possibility for all different celebration identifications with 15% general saying they like that technique. Whereas the technique might be associated to maximizing bank card rewards, it may additionally reveal a have to make ends meet by using a number of traces of credit score.
Extra findings associated to the recognition of card varieties:
- Journey rewards playing cards are hottest with respondents who most carefully determine as Libertarians, 13% of which say they use a journey rewards card in comparison with simply 5% of individuals figuring out as unbiased, who’re the least probably to make use of them.
- Folks figuring out as Democrats use journey rewards playing cards as their third hottest possibility, with 10% saying that is what they use behind cash-back and a mixture of playing cards.
- Solely 9% if these figuring out as Republicans say they use a mixture of playing cards for purchases, making Republicans the least probably to make use of playing cards this fashion although nonetheless the second hottest possibility for paying with playing cards.
What political affiliation has the very best cash managers?
The kind of card or playing cards used for purchases may present a number of similarities, however how respondents handle their bank card balances reveals variations among the many varied political identities.
Individuals who say they most carefully determine as Libertarians are additionally the probably to say they at all times or normally repay their bank card balances in full every month, with 63% saying that’s how they handle their balances. Independents are the following extra prone to at all times or normally repay their balances each month with 51% saying that’s their apply.
Republicans and Democrats are comparable in how they handle their bank card balances. Whereas 45% of Democrats say they at all times or normally repay their bank card balances, 17% additionally say they normally carry a stability. That’s second solely to individuals who determine with the Inexperienced Occasion, 24% of whom say they normally carry a stability. F
or Republicans, 50% say they at all times or normally repay their balances and 11% say they normally carry a stability.
Methodology: The research was carried out via Google Surveys on behalf of CardRatings.com from July 31-Aug. 4, 2020 with 685 respondents in america of ages 18 and up.
Learn extra at: https://www.cardratings.com/democrats-and-republicans-different-politics-similar-credit-card-views.html