Survey: Americans place high value on credit cards and good scores

PROVIDENCE – Americans’ attitudes toward that pervasive American invention – credit cards – are somewhat mixed, according to a recent survey by WalletHub, but overall we believe access to credit is a fundamental right, and we take our good credit scores very seriously.

Some people believe credit card debt doesn’t fit with core American ideals, such as freedom and independence. Others say Uncle Sam tracks our credit card spending, possibly restricting civil liberties.

Overall, though, Americans 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 available to all of us.

Some details from the survey:

- Advertisement -
  • Almost half (46 percent) of Americans trust their credit card company more than President Donald Trump, Congress and the media
  • 44 percent of Americans are prouder of their credit score than their country. The national average credit score is 672
  • More people (22 percent) would rather declare independence from social media than have bad credit (11 percent)
  • 52 percent of Americans think the government tracks our credit card spending

To see the full results of the survey, go HERE.

Mary Lhowe is a PBN contributing writer.