Question of the Day: What do cardholders fear most when using a credit card?

May 15, 2018
Credit Cards, Question of the Day, Research

Answer: Security concerns (skimming, ID theft), noted by 26% of respondents

Behind the numbers (from Credit Cards Explained):


  • Do you know anyone who has had security problems with their credit card? 
  • Who is responsible for the losses if someone else runs up big bills on YOUR credit card? 
  • What is/will be your biggest fear when using a credit card?
  • How can people overcome their fears of #2 (accruing too much interest) and #3 (relying too much on credit)? 

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.


No better way to learn about credit card "gotchas," then to read an actual credit card agreement. Check out NGPF Fine Print: Credit Card Agreement and give your students a strong foundation to understand how it all works. 


About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.