PYMNTS Daily Data Dive: What Consumers Want From A Credit Card

Consumers use rewards points mostly for groceries, cash, gift cards, statement credits and travel.

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Here are the data from the study:

86% | The percentage of respondents who take full advantage of their rewards, redeeming them at least three times a year

67% | The percentage of respondents claiming that a rewards program is a factor in their decision to choose a new credit card

67% | The percentage of reward redemptions that go toward everyday items like groceries

54% | The percentage of consumers who are influenced by interest rates when selecting a credit card

47% | The percentage of consumers who redeemed rewards for cash