32 Million Credit Cardholders Haven't Altered Preferred Card in Over Ten Years While another 21 Million Have Never Swapped



AUSTIN, Texas, February 16: 32 million U.S. credit cardholders haven't altered their favored credit card in no less than a decade and another 21 million haven’t swapped, as said by a new CreditCards.com account.
"If you never change credit cards, you miss out on a big opportunity to rack up rewards. It's as simple as that," stated Matt Schulz, CreditCards.com's senior industry analyst, adding, "These offers have never been more generous, so now is the time to act."

The market is split between persons who haven't replaced their preferred credit card in a long while and those who in recent times signed up for a fresh one, with limited cardholders in the middle. 42% have chosen a fresh go-to card within the past three years contrasted with 38% who have never substituted their preferred card or haven't done so in the previous decade. That leaves 19% who last made a replacement four to nine years before.

When questioned why they signed up for their preferred credit card in the first place and why they persist to utilize it most frequently nowadays, cardholders mentioned rewards points, cash back before other preferences for example minimal interest rates, extensive recognition, minimal charges as well as client facility. Strangely, only 2% of cardholders revealed a sign-up bonus encouraged them to sign up for the card they utilize most frequently.

"I find that strange because if you like rewards – as most cardholders do – then you should really like sign-up bonuses," Schulz stated, adding, . "This is another reason to compare cards ASAP if it has been a while. It normally takes a lot of spending to accumulate 50,000 points/miles, so accomplishing that with a single sign-up bonus is pretty incredible."

Older millennials (27-36 year-olds) are the leading points/miles junkies: 62% reveal recompenses are their favored credit card attribute, as opposed to 35% of all other age units.

Numerous credit cards extend complimentary benefits for example rental car insurance, protracted service contract, buying fortification as well as price fortification, but approximately one in four cardholders doesn't discern if his/her preferred card is among them.

The study was accomplished by Princeton Survey Research Associates International. PSRAI got telephone interviews with a countrywide demonstrative sample of 1,003 adults existing in the continental United States. Interviews were done by landline (502) as well as cell phone (501, as well as 312 devoid of a landline phone) in English and Spanish by Princeton Data Source from January 19-22, 2017. Statistical outcomes are weighted to rectify recognized demographic inconsistencies. The margin of sampling mistake for the whole array of weighted facts is plus or minus 3.7 percentage points.


CreditCards.com is a foremost online credit card marketplace, getting customers as well as credit card issuers together. At its free of charge website, customers can contrast hundreds of credit card proposals from America's top issuers and banks and apply steadily, online. CreditCards.com is as well a destination site for customers desiring to understand more about credit cards. Presenting guidance, news, features, facts as well as tools, CreditCards.com aids customers make clever selections about credit cards. In 2016, above 35 million exclusive visitors utilized CreditCards.com to discover the desirable credit card to fulfill their requirements.

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