BACK

Research and Statistics

Poll: Splurging trumps saving if given $1,000 in miles or cash back

Summary

At least 83 percent of Americans said they would splurge in some fashion if they received $1,000 in travel miles or credit card cash rewards, a poll from Capital One found

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.

At least 83 percent of Americans said they would splurge in some fashion if they received $1,000 in travel miles or credit card cash rewards, a poll from Capital One found.

Only 11 percent said they would save the money or pay off debt with it.

Two-fifths of Americans said they would take a trip with their family, closely followed by 32 percent who said they would go on a shopping spree. Near the bottom of the options was saving, at 5 percent.

The Capital One Holiday Survey was conducted by Wakefield Research from Nov. 7-14, 2014. Some 1,000 American adults were polled online, with quotas used to create a sample representative of the U.S. population. They were asked, “If you were given $1,000 in travel miles or credit card cash rewards, which of the following best describes how you would use it?” The margin of error was plus or minus 3.1 percent.

See related:Some cards generous for travel, give less in cash back rewards, More infographics

To use the graphic on your site, use the following code:

 <center><a href=”https://www.creditcards.com/credit-card-news/poll-miles-rewards-splurge-1701.php”><img alt=”Poll: Most Americans would splurge on card rewards” border=”0″ src=”https://www.creditcards.com/credit-card-news/images/how-would-u-use-it-infographic.jpg” /></a> </center>

What’s up next?

In Research and Statistics

What yield does your bank make on credit cards?

Using 2013 federal bank data, we list 500 U.S. banks and show the percentage yield they make from credit card holders, before and after losses

Published: December 2, 2014

See more stories
Credit Card Rate Report Updated: December 4th, 2019
Business
15.09%
Airline
16.88%
Cash Back
17.38%
Reward
17.04%
Student
18.58%

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 CreditCards.com 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.