Paying credit card debt weighs on many Americans’ minds
The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we may receive compensation when you click on links to products from our partners. Learn more about our advertising policy.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Please see the bank’s website for the most current version of card offers; and please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.
A survey fielded by Experian and Edelman Intelligence found that, of the six most common personal finance resolutions, four focus on improving credit card habits in 2017. The most popular of these, cited by 25 percent of the respondents, is to pay off a credit card.
Making a habit of paying off their card balance every month is the second most common card-related resolution, garnering a 20 percent share of Americans. Following closely behind at 18 percent each are making sure to pay credit card debt on time in 2017 and to avoid opening any new cards in the new year.
The top financial resolution of all is to save more money, with 4 in 10 respondents saying they aim to do this in 2017. The other noncard-related resolution in the top six is creating a personal budget, chosen by 22 percent of Americans.
The survey was conducted online in October 2016 among 1,040 U.S. adults age 18 or older. Experian and Edelman released the findings Nov. 28.