New Survey: Credit Cards Don't Cause Shopping Sprees

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75% have never gone on a shopping spree just because they have a credit card according to a survey of over 1,100 American consumers.

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Despite their enticing nature, credit cards are not at fault for impulsive or foolhardy shopping sprees, according to a new survey by, a credit card comparison website. Three-fourths of the survey respondents said they have never gone on a shopping spree just because they have a credit card.

Survey Findings:

While credit cards are useful financing tools and help consumers manage their cash flow, their mere existence does lure some people to the shopping malls and spend more than they should. Just over 30% of female respondents admitted a credit card has inspired them to go on a shopping spree. In comparison, only 21% of male respondents said they have gone on a shopping spree because of a credit card.

The survey also revealed female respondents are more likely than men to apply for another credit card once they maxed out their current card (26% of female respondents). Only 19% of the male respondents admitted applying for a new credit card even when they had reached another card’s limit.

Still, the majority of respondents are aware how much their credit cards cost them. When asked if they are familiar with the true cost of their credit cards, such as the rate of interest and various fees, nearly 91% said yes. polled 1,105 Americans between September 17 and September 25, 2012. frequently provides information on the credit issues, news, and trends facing Americans through proprietary market research and analysis. Visit our newsroom at to stay informed with credit card news, deals, reviews, and tips from

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Charles Tran
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