Trump and Clinton Supporters Agree on How They Manage Their Credit Cards
A new CreditCards.com report notes that while Donald Trump and Hillary Clinton supporters radically differ on many issues, but have a lot in common when it comes to managing their credit cards.
The Trump and Clinton camps fall within the margin of error respectively regarding:
• How much credit card debt they have
– Trump supporters: 55% have credit card debt (28% have $2,500+)
– Clinton supporters: 51% have credit card debt (24% have $2,500)
• How often they pay their credit card bills late
– Trump supporters: 28% have paid late (16% in the past two years)
– Clinton supporters: 34% have paid late (15% in the past two years)
• How many credit cards they have
– Trump supporters: 69% have at least one (average of 2.9, median of 2)
– Clinton supporters: 64% have at least one (average of 2.8, median of 2)
• Which credit card reward they prefer
– Trump supporters: 73% prefer cash back, 12% like airline miles
– Clinton supporters: 70% prefer cash back, 20% like airline miles
• How often they use mobile payment services such as Apple Pay
– Trump supporters: 80% never, 5% regularly
– Clinton supporters: 78% never, 3% regularly
“We were shocked when we saw these results,” says Matt Schulz, CreditCards.com’s senior industry analyst. “This is such a contentious election cycle, and it seems like the candidates are growing further apart each day, but apparently not when it comes to credit cards.”
The survey was conducted by Princeton Survey Research Associates International. PSRAI obtained telephone interviews with a nationally representative sample of 1,000 adults living in the continental United States. Interviews were conducted by landline (500) and cell phone (500, including 273 without a landline phone) in English and Spanish by Princeton Data Source from August 4-7, 2016. Statistical results are weighted to correct known demographic discrepancies. The margin of sampling error for the complete set of weighted data is plus or minus 3.9 percentage points.
CreditCards.com is a leading online credit card marketplace, bringing consumers and credit card issuers together. At its free website, consumers can compare hundreds of credit card offers from America’s leading issuers and banks and apply securely, online. CreditCards.com is also a destination site for consumers wanting to learn more about credit cards. Offering advice, news, features, statistics and tools, CreditCards.com helps consumers make smart choices about credit cards.
Source:
CreditCards.com
