What credit card perks do you want?

first_img 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Did you know just over 80% of Americans own and use a credit card? It’s a pretty important piece of the loan portfolio for many of the credit unions and banks that we work with, but there’s always one big question: what do people look for in a card program?According to a recent Harris Poll survey, the most important feature isn’t a rewards program. Three-quarters of card-holders that were surveyed said having no annual fee was either essential or extremely important in choosing a credit card, and 56% were looking for low interest rates.The survey broke the data down even further. Here’s a few facts you may find interesting:86% of men between the ages of 35 and 64 and women aged 45 to 64 don’t want to pay an annual fee.Adults between 35 and 54 years of age were more likely to seek out low interest rates.Lower in priority to those surveyed are foreign transaction fees (29%) and the ability to get cash advances or loans (21%). continue reading »last_img

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