Fourth of July Credit Card Survey

3:03 AM

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.

Embed on your website<a href="http://bit.ly/2Kz926M"> <img src="//d2e70e9yced57e.cloudfront.net/wallethub/posts/63712/2019-4th-of-july-survey-v6.png" width="" height="" alt="" /> </a> <div style="width:px;font-size:12px;color:#888;">Source: <a href="http://bit.ly/2Nmb50u>

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

Full Details

Are you more or less free financially this year than last year?
More	43%
Less	29%
Same	28%
Should the government cap the interest rates that credit card companies can charge?
Yes	82%
No	18%
Should the government be able to restrict your ability to get a loan if the government says the interest rate is too high?
No	57%
Yes	43%
How much do you expect to spend on Fourth of July-related expenses?
$0	31%
$1-$50	30%
$100+	24%
$51-$100	15%
Are politicians free from the influence of special interest groups?
No	84%
Yes	16%
Is credit card debt consistent with America’s ideals (e.g. freedom and independence)?
No	61%
Yes	39%
Do you think the government tracks everyone’s credit card spending?
Yes	52%
No	48%
Which do you trust most?
Your credit card company	41%
The media	25%
The Trump administration	21%
Congress	13%
Should access to credit be a basic American right?
Yes	51%
No	49%
Would you get a credit card from a Chinese bank? (assuming it works in the U.S.)
No	73%
Yes	27%
All in all, does access to credit make you more or less free?
More	62%
Less	38%
Which would you most like to declare independence from?
Overeating	25%
Credit card debt	24%
Social media	21%
Bad credit	13%
Alcohol or Tobacco	10%
TV	7%
Are you worried about credit card skimmers at gas stations over the 4th of July holiday period?
No	51%
Yes	49%
Which are you prouder of this Fourth of July?
Your country	58%
Your credit score	42%
Are you prouder of your country this year than last year?
No	66%
Yes	34%