2019 College Banking Credit Cards Survey
2:56 AMPosted by: John S Kiernan
A lot of people probably assume that giving credit cards to college kids is a recipe for trouble, and many students are no doubt among them. But if you ask a diverse sample of college students about their understanding and usage of credit cards, as WalletHub did, the results may just surprise you – in a good, reassuring way.
WalletHub conducted a nationally representative survey of college students, asking about everything from how they’d grade their financial know-how to which spending categories they most want bonus credit card rewards for. You can check out the results in the following infographic.
Embed on your website<a href="https://ift.tt/2z9MVMJ"> <img src="//d2e70e9yced57e.cloudfront.net/wallethub/posts/65718/2019-college-student-financial-survey-v17.png" width="" height="" alt="" /> </a> <div style="width:px;font-size:12px;color:#888;">Source: <a href="https://ift.tt/2P72Tlw> Full DetailsWhat types of purchases do you want to earn the most rewards on? | |
---|---|
Groceries | 45% |
Travel | 18% |
Dining | 17% |
School supplies | 9% |
Entertainment | 9% |
Alcohol | 2% |
Would your parents approve of your credit card purchases? | |
Yes | 86% |
No | 14% |
Would your friends make fun of your credit card transactions? | |
No | 81% |
Yes | 19% |
Do you spend more, less or the same amount as the average student? | |
Average | 51% |
Less | 25% |
More | 24% |
Do your parents help pay your credit card bills? | |
No | 65% |
Yes | 35% |
Would you show your significant other a detailed list of your credit card transactions? | |
Yes | 88% |
No | 12% |
What grade would you give your personal finances? | |
B | 43% |
A | 26% |
C | 22% |
D | 6% |
F | 3% |
What grade would you give your knowledge of credit cards? | |
B | 38% |
C | 30% |
A | 23% |
D | 8% |
F | 1% |
Are credit cards free money? | |
No | 86% |
Yes | 14% |
Would you rather miss a credit card payment or miss a party? | |
Party | 86% |
Payment | 14% |
Do students need a bank account? | |
Yes | 95% |
No | 5% |
Are banks more pro-student or anti-student? | |
Pro-student | 56% |
Anti-student | 44% |
Do you consider yourself a spender or a saver? | |
Saver | 60% |
Spender | 40% |
How good are your grades? | |
Good | 69% |
Average | 28% |
Bad | 3% |
Note: Percentages may not total 100% due to rounding.
from Wallet HubWallet Hub
via Finance Xpress
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