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Thursday, October 30, 2014   
 

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Reward Cards

Approximately 85% of American households have at least one rewards card. In its new survey of 83 credit cards, Consumer Action found that 62 cards offered rewards of one sort or another. Many people make many everyday purchases using rewards cards. They seek to earn a solid return, such as 1% or 2% cash back. But rewards cards can have higher interest rates than regular credit cards; so carrying a balance may quickly outweigh your reward. Moreover, if you pay late, you may lose the rewards you earned in the current billing cycle.
        Categories:  Credit Cards,Reward Cards
        Reporting Pub:  Consumer-Action.org
        Reporting Date:  5/23/2007
        Article Title:  2007 Credit Card Survey
        Article Author:  Staff
        Pub's Source:  2007 Credit Card Survey
        Source URL:  View details from source
 

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