Grabbing the Check to Get Rewards - Other News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Grabbing the Check to Get Rewards

Grabbing the Check to Get Rewards

Grabbing the Check to Get Rewards
June
4
The content is accurate at the time of publication and is subject to change.

For many, it seems, earning rewards is a priority. A new study by Capital One found that 74% of Millennials and 58% of Americans across all the generations have picked up the check just so they could rack up credit card miles, points or cash back. Millennials are definitely gung-ho for points with 26% saying that they went for the priciest dish on the menu because they would get more rewards. Here too, they outdid their older counterparts because just 14% of Gen Xers and 5% of Baby Boomers reported going for it.

Eating out is a popular pastime during the summer months, but year round, 46% of consumers and 65% of Millennials said earning rewards was a motivating factor. That’s not all, in some cases generosity was inspired by the desire to earn rewards, with 28% of people saying that they have paid for a strangers meal to get the points. When Millennials were asked that question, the number jumped to 47%.

Hey smart spender

When it comes to paying down credit card bills, 58% of people said that individuals who opted to pay early or paid more than the minimum were savvy when it comes to credit cards.
What about using points, miles or cash back? You might not be surprised to find out that people who use all of their points, miles or cash back are thought of by their peers as being smart spenders.

Spending up during the summer

If you spend more money during the summer months, you are not alone, according to this study. They found that 87% of Americans admit to shelling out more money on fun and socializing during the summertime. On Average, they tend to spend $305 more on going out with friends than they do at other times of the year.

Dining out is at the top of the list for many when it comes to summertime activities, with 65% indicating that they eat out more often during this season than others.

What did the generational breakdown look like? Millennials outdid their older counterparts with 77% indicating that they ate out more often during the summer, while 68% of Gen Xers and 52% of Baby Boomers said the same.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Earn $50 or 5,000 Points at Saks with Amex Offers
Earn $50 or 5,000 Points at Saks with Amex Offers

Posted: March 23, 2018

Do you need an excuse to shop at Saks Fifth Avenue? If so, then we have one for you—a $250 spend gets you either a $50 bonus or an extra 5,000 Membership Rewards points. This Amex offer is good until April 30, 2018. For some, the cash... Continue reading
Credit Card Companies and Banks Set the Tone for Mobile Apps
Credit Card Companies and Banks Set the Tone for Mobile Apps

Posted: June 19, 2018

Credit card companies and Banks in the United States are setting the bar when it comes to mobile apps according to a new study from J.D. Power. It found that more people are using these apps and are happy with their design—and they are... Continue reading
A New Credit Card for Pilots Offers Up to 4% Cash Back
A New Credit Card for Pilots Offers Up to 4% Cash Back

Posted: April 09, 2018

There is a new credit card available for pilots, offering cardholders up to 4 percent cash back, along with a variety of benefits that go along with having a World MasterCard. With the AOPA World MasterCard, pilots earn 4 percent back on... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!