Posted by: John S Kiernan

The credit card is an American invention. But while we use credit to pay for plenty of Independence Day purchases, plastic isn’t so patriotic in the minds of many. Some believe credit card debt doesn’t fit with core U.S. ideals, such as freedom and independence. Others say Uncle Sam tracks our credit card spending, restricting civil liberties.

It’s not all gloom, doom and conspiracy theories, though. These days, we tend to trust credit card companies more than cornerstone institutions such as the federal government and media. And most people think access to credit should be a fundamental right.

These red, white and blue credit card conclusions reflect the results of WalletHub’s nationally representative Fourth of July Credit Card Survey. You can check out the complete findings in the infographic below.

For more Independence Day stats, check out WalletHub’s Fourth of July By the Numbers report.

Full Details

How much do you expect to spend on Fourth of July-related expenses?
$0	33%
$1-$50	27%
$100+	25%
$51-$100	15%
What will be your primary method of payment?
Debit card	41%
Credit card	33%
Cash	27%
How much will you earn in rewards on your Fourth of July spending?
No rewards	39%
No clue	36%
1% cash back / 1 point or mile per $1	10%
2% cash back / 2 points or miles per $1	10%
3%+ cash back / 3+ points or miles per $1	5%
Where was the first credit card invented?
USA	61%
UK	11%
China	10%
Japan	10%
Germany	7%
Russia	1%
Is credit card debt consistent with America’s ideals (e.g. freedom and independence)?
No	63%
Yes	37%
Do you think the government tracks everyone’s credit card spending?
Yes	52%
No	48%
Which do you trust most?
Your credit card company	46%
The media	23%
The Trump administration	21%
Congress	10%
Should access to credit be a basic American right?
No	51%
Yes	49%
Do you think it’s unpatriotic to get a credit card from a foreign bank?
No	73%
Yes	27%
Which type of item will be MOST DISCOUNTED during Fourth of July sales?
Apparel & Accessories	29%
Packaged Goods	18%
Appliances	17%
Electronics	16%
Furniture	11%
Computers & Phones	6%
Toys	3%
Which would you most like to declare independence from?
Overeating	24%
Social media	22%
Credit card debt	20%
Bad credit	11%
Alcohol or Tobacco	10%
TV	6%
Shopping	4%
Coffee	3%
Which are you prouder of this Fourth of July?
Your country	56%
Your credit score	44%
Are you prouder of your country this year than last year?
No	66%
Yes	34%

from Wallet HubWallet Hub


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