Higher Gas Prices Lead to Higher Credit Card Use

NOTE:

To offer our weekly summary of credit card rates, Credit

Card Monitor, in your publication or on your Web site, please

contact syndicate@indexcreditcards[dot]com.

Higher

Gas Prices Lead to Higher Credit Card Use

Almost

a third of drivers in a Sacred Heart University poll say they

are using credit cards more frequentky for gas purchases due

to the steep escalation in gas prices this year.

This

was actually the good news for consumers. While 31.2% have been

using credit cards more often for gas purchases, over half said

they would restrict travel over the holidays due to gas prices

and over 75% said the rise in gas prices had had a "serious"

impact on the quality of their lives.

The

Sacred Heart University Polling Institute completed 1,000 interviews

with residents nationwide between October 3-12, 2005. The sample

was generated proportional to population contribution in all

50 states. The poll's margin of error was 3.0%.

Published 10/20/05 (Modified 01/21/13)