Research and Statistics

Consumers traveling this summer plan to use rewards, survey says

Summer is the time to get away for a little while, and according to a recent survey, consumers are cashing in on those credit card rewards to do so.

The May 2012 edition of Capital One’s quarterly Rewards Barometer survey, found that 50 percent of respondents who plan to travel this summer intend to cover some vacation costs using their credit card rewards. This is an 8 percent increase from the 2011 results.

Consumers traveling this summer plan to use rewards, survey says

While money is important to vacationers, so is time: If they could, 19 percent of respondents said, they would trade in as much as $200 of their rewards for an extra day of vacation.

According to the survey, most summer travelers (54 percent) are planning to spend between $500 and $2,000 on trip expenses. They’re using credit card rewardss to cut on costs, with 58 percent citing airfare as their preferred redemption option. Hotel and gas rewards options come in next, at 42 percent and 18 percent, respectively.

“Two things people always want more of are time and money. In today’s tough economic times, more consumers are using rewards to make the most of their summer vacation time and limiting the impact on their wallets,” said Amy Lenander, vice president of rewards programs at Capital One.

This quarter’s survey also indicated that cash remains the No. 1 redemption option at 41 percent, with domestic airline tickets (29 percent) at No. 2 and gift cards finishing up the top three at 28 percent.

The survey was conducted for Capitol One from May 1-4, 2012 by the polling firm BigInsights. The survey summarizes the comments of U.S. adults 18 and older who indicated that they currently have a rewards credit card. The total sample size for this survey was 1,045, with a margin of error of +/- 3.1 percent.

What’s up next?

In Research and Statistics

Infographic: After ‘I do,’ financial skeletons emerge from the closet

Now you tell me: Nearly half of divorced or separated adults participating in a survey said they found financial skeletons in the closet of their spouse, but not until after marriage.

Published: May 24, 2012

See more stories
Credit Card Rate Report Updated: August 21st, 2019
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.