Question of the Day: What percent of Americans have lent their credit card to other people?

Mar 25, 2018
Credit Cards, Question of the Day

Answer: 49%


  • Have you ever lent your debit card (or credit card if you have one) to a friend? Explain your answer.
  • Are there situations where you would lend your debit or credit card to a friend? Describe those situations.
  • Who do you think is responsible in the situation where a friend overspends using your card? 

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

Behind the numbers (

In our survey of 2,253 U.S. adults, 49 percent who have ever owned a credit card admitted to lending their cards to spouses, children, friends, co-workers or other people to make a purchase. But 35 percent of those selfless cardholders saw negative consequences, including overspending by the other person (19 percent), not getting repaid for the debt (14 percent) and having the card lost, stolen or never returned (10 percent). 


Looking for other NGPF resources focused on different types of credit? Check out our Types of Credit unit page

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.