The data describes the reasons for credit card preference in the U.S. in 2017, by generation. The results of the survey revealed that 72% of the Millennials preferred to use credit cards to make purchases due to rewards/points that they offered.
Rewards/points | 40 | 72 | 86 | 87 | 83 |
Safety/security | 40 | 24 | 49 | 54 | 40 |
Don't carry cash | 37 | 33 | 27 | 30 | 28 |
Easier to keep track of my expenses | 30 | 30 | 43 | 52 | 63 |
Using a debit card is risky | 20 | 3 | 12 | 9 | 10 |
Buy big purchases that I can’t pay for all at once | 13 | 12 | 20 | 13 | 25 |
Purchases aren’t taken out of my bank account | 10 | 15 | 29 | 33 | 45 |
I don’t have a debit card | 10 | 6 | 5 |