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With the busy summer travel season starting and many Americans seeking extra credit card rewards to help fight back against inflation, WalletHub today released its report on 2024’s Best Credit Card Rewards Programs, along with a nationally representative consumer survey gauging people’s opinions on all things rewards.

You can find highlights from the report, along with survey results and commentary, below.

Key Findings:

• Incentivized Overspending: 61% of people think credit card rewards encourage overspending.
   
• Inflated Interest in Rewards: Nearly 4 in 5 people say inflation has made them more interested in earning credit card rewards.
   
• Unfairly Rewarding: More than 2 in 5 Americans think credit card rewards programs are unfair.
   
• Inflation Outpaces Rewards: 65% of Americans think their credit card rewards are not keeping up with inflation.
   
• Opportunistic Bonus Seekers: 35% of Americans apply for a new credit card at least once a year to take advantage of sign-up bonuses.
   
• Love for Companies with Bonus Rewards: 3 in 5 people go out of their way to spend money with companies that give them extra credit card rewards.
   
• It Pays Big to Compare Cards: The best rewards credit cards can yield up to $1,120 more than the worst rewards cards over the first two years.
   
• Best Issuer: Capital One has the best credit card rewards program for the eighth year in a row, earning an average WalletHub score of 92%.