How Do You Take Your Credit?

Just like our coffee orders, our credit preferences run the gamut. How many credit cards are in your wallet? Do you carry a balance?

Bank of America recently surveyed 1,500 Americans and asked them about certain credit behaviors.

Here’s what they found:

44% would use $1,000 windfall to pay off debt, with women twice as likely to pay off loans.

 

54% carry a monthly balance

32% usually pay more than the monthly minimum, but not the entire balance. 

72% carry 1-3 credit cards in their wallet

 Most cardholders would like to be rewarded with cash.

Almost half would like rewards for managing credit cards responsibly.