We have a winner! We randomly picked a winner on April 15 and have confirmed her e-mail. I’ll be sending her a $500 Amazon gift card this morning. Thanks to all who took our survey, and stay tuned for more contests and giveaways.
Yes, that’s right, a $500 Amazon Gift Card. We are giving one away to one lucky winner. To enter, all you have to do is leave a comment below answering a simple 10-question survey. So let’s first take a look at the survey, and then we’ll provide a few more contest details.
Credit Card Survey
When the Credit Card Act passed last year, I predicted that credit card rewards and other perks would become a thing of the past. I was dead wrong. In fact, after most of the Act’s provisions went into effect in February of this year, many credit cards brought back favorable terms and conditions that had not been seen since 2008. Here are a few examples:
- Citi brought back the 0% balance transfer for up to 15 months
- Discover More card added a $50 cash bonus for new card members
- Chase Sapphire Preferred Card kept its 25,000 bonus points offer (worth $250)
The list could go on, but you get the idea. But the point is that far from taking card benefits away, credit card companies have actually been increasing many of the rewards and introductory interest rate offers. And so it occurred to me that I’d like to know what readers of the Dough Roller want in a credit card. I have my own ideas on this, of course, but I’d like to hear from you. So I put together the following 10-question survey:
1. What would you consider the best credit card feature?
- no fees charged (over limit, no increase in APR)
- cash back
- airline miles
- points for various rewards
- low introductory offer
2. What would you prefer to see in a credit card?
- stable APR along with no fees
- cash back for making purchases
3. Rank the following statement – I will always apply for a credit card with a brand name I trust
- Strongly Agree
- Somewhat Agree
- Agree
- Disagree
4. I think a no or low annual fee is very important
- True
- False
5. Which one of the below best describes you?
- I pay my balance off each month – I use my credit card to get something back
- I pay the minimum each month and look for a card with minimal fees or to transfer my balance
6. The ideal customer experience from a credit card company includes:
- Automated touch tone service
- Automated touch tone service with the ability to speak to a rep at any moment
- No automation, I want direct to rep experience
7. Which of these perks would you like to receive from your credit card provider:
- Access to concierge service
- Free credit score and alerts
- Discounts at local merchants
- Statement credits for paying your card on time
8. Visa vs. MasterCard–Does it matter?
- Yes, I prefer a Visa card
- Yes, I prefer MasterCard
- No, it doesn’t matter
9. What feature do you value most with balance transfers
- Length of the 0% introductory offer
- Low balance transfer fee
- Low regular APR after the introductory rate ends
- Other card features such as cash back, miles or points
- Balance transfer offers aren’t important to me
10. How many credit cards do you have?
- 0
- 1-3
- 4-7
- 8+
$500 Amazon Gift Card
So how do you enter the $500 Amazon Gift Card Giveaway? It’s simple. Leave a comment below answering each of the above 10 questions. You can just list the letters that correspond with your answers, so the survey should only take a minute or two. If you have other thoughts on what you value in a credit card, feel free to leave additional comments below your survey answers.
When you leave your comment, be sure to include a valid e-mail address in the box provided. Your e-mail won’t be visible by others, but it’s how I’ll contact the winner. And rest assured that I hate spam as much as you do; your e-mail address will not be used for any purpose other than to contact you if you’re the lucky winner. The winner will be chosen at random. I’ll keep the survey and contest open through April 14, 2010 and contact the winner on tax day.
Good luck!
Published or updated May 22, 2011.
{ 235 comments… read them below or add one }
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1 a
2 a
3 a
4 a
5 b
6 b
7 b
8 c
9 a
10 a
1.A
2.A
3.C
4.A
5.-
6.C
7.D
8.C
9.A & B
10.A
1. B
2. B
3. D
4. A
5. A
6. B
7. D
8. C
9. E
10. B
1. a
2. a
3. d
4. a
5. b
6. b
7. c&d
8. c
9. a
10. b
Interesting article and way to get comments
1. What would you consider the best credit card feature?
3. airline miles
2. What would you prefer to see in a credit card?
1. stable APR along with no fees
3. Rank the following statement – I will always apply for a credit card with a brand name I trust
2. Somewhat Agree
4. I think a no or low annual fee is very important
1. True
5. Which one of the below best describes you?
1. I pay my balance off each month – I use my credit card to get something back
6. The ideal customer experience from a credit card company includes:
2. Automated touch tone service with the ability to speak to a rep at any moment
7. Which of these perks would you like to receive from your credit card provider:
2. Free credit score and alerts
8. Visa vs. MasterCard–Does it matter?
3. No, it doesn’t matter
9. What feature do you value most with balance transfers
1. Length of the 0% introductory offer
10. How many credit cards do you have?
2. 1-3
1. a
2. a
3. b
4. a
5. b
6. b
7. b
8. c
9. c
10. b
1. a
2. b
3. b
4. a
5. a
6. b
7. d
8. c
9. c
10. c
1.a
2.b
3.c
4.a
5.b
6.b
7.c
8.c
9.a
10.a
1. c
2. b
3. a
4. True
5. a
6. b
7. b
8. a
9. e
10. b
1. b
2. b
3. c
4. a
5. a
6. c
7. b
8. c
9. e
10.c
Cool surevy, do you know something in the works that you have told us, yet?
1a 2a 3b 4a 5b 6b 7c 8c 9e 10b
I am recently unemployed January and just learned of a benefit my HSBC mastercard offers to unemployed union members. A grant of $250 as a one-time payment on my credit card if I’m unemployed in the last 6 months, for at least 90 continuous days, I’m a union member at the time of layoff, and my credit card is in good standing (i.e. current and not overlimit). Super! HSBC has always been great with excellent customer service. Thanks for the opportunity to apply another $500 to my debt. This is my first comment anywhere on the net. I’ve been a devoted lurker on this and other blogs for 3 or 4 years now. Nothing like potential dollars to change things.
1-b
2-a
3-a
4-a
5-b
6-b
7-b
8-c
9-a
10-c
1-b
2-b
3-a
4-a
5-a
6-b
7-b
8-c
9-e, but if they were a
10-c
1 b
2 b
3 a
4 a
5 a
6 c
7 d
8 c
9 e
10b
1a
2c
3b
4b
5b
6b
7c
8c
9a
10c
I have no credit cards.
1. B
2. A
3. A
4. A
5. A
6. B
7. B&C
8. C
9. E
10. B
I have a cash reward credit card. I use it as a debit card, deduct all my charges from my checking account and make payments to the credit card online 3-4 times per month. No late fees, no interest charges, no transaction charges and no chance that anyone will steal my debit card info and empty out my bank account!
1. b
2. b
3. c
4. a
5. a
6. b
7. b & c
8. c
9. e
10. c
b
a
a
a
b
b
b
c
a
c
1. a
2. a
3. a
4. a
5. a
6. c
7. d
8. c
9. b
10. c
1. a
2. b
3. a
4. a
5. a
6. b
7. b
8. c
9. e
10. b
1. b
2. b
3. c
4. a
5. a
6. b
7. d
8. c
9. e
10. d
1. a
2. a
3. a
4. a
5. a
6. c
7. d
8. a
9. c
10. b
1. a
2. a
3. b
4. a
5. b
6. b
7. d
8. c
9. a
10. b
1. c
2. a
3. a
4. a
5. a
6. b
7. c
8. a
9. a
10. c
1. a
2.a
3.b
4.a.
5.c I am reducing debt, no charging just paying
6.c
7.b, c & d
8.c
9.a.
10.b
b
a
c
a
a
b
c
c
e
b
1. b
2. b
3. a
4. a
5. b
6. b
7. b
8. c
9. c
10. c
a,b,b,a,a,a,b,a,b,b
1. D
2. B
3. D who cares? they all follow the same regulations
4. A annual fees are a joke, along with all the other bogus fees that banks charge to make money Go ahead, buy that McDonalds hamburger and pay a fee for it. Sheesh!
5. B
6. B
7. D
8. C
9. A
10. D
Here are my answers. Great promotion – hopefully you get a lot of insights out of this.
B
B
A
A
A
B
D
C
A
B
1. d
2. a
3. d
4. a
5. a
6. c
7. d
8. c
9. a
10. b
1. c
2. a
3. a
4. a
5. a
6. b
7. c
8. a
9. a
10. b
1.c
2.a
3.a
4.a
5.a
6.a
7.c
8.b
9.e
10.b
1. A
2. A
3. B
4. A
5. B
6. B
7. D
8. C
9. C
10. B
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