Credit card users purged during COVID-19

A Wells Fargo survey discovered that clients made main “purges” throughout COVID-19. For instance, 72% decluttered their closets, 29% purged social media pals and 33% simplified their funds, in accordance with a press launch.

As well as, the survey additionally discovered a number of knowledge factors surrounding bank card utilization, akin to:

  • 44% of shoppers need money again options on their playing cards.
  • 22% need signal on bonuses for playing cards.
  • 38% need rewards.

Shoppers discover present bank card reward administration tedious. 18% in contrast it to doing taxes and 14% to being caught in visitors.

“The pandemic helped many people notice that much less is actually extra and inspired us to take away pointless issues from our lives and get again to the fundamentals, which is why we designed the Lively Money Card for many who desire a high-value money again bank card with out caps or limits,” Krista Phillips, head of branded playing cards and Advertising for Wells Fargo bank cards, mentioned within the launch. “Now greater than ever, cardholders need simplicity from their bank cards with no trouble round activating classes, monitoring limits, or calculating rewards when managing their card rewards.”

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