myFICO Holiday Survey 2012
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1
. Will you open new credit cards during the holidays when you receive offers?
Will you open new credit cards during the holidays when you receive offers?
Yes
No
Not sure, depends on the offer.
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2
. When shopping for holiday gifts how often do you open a new retail credit card (GAP, Macy’s, etc.)?
When shopping for holiday gifts how often do you open a new retail credit card (GAP, Macy’s, etc.)?
Never. It might affect my credit score.
Never. I don’t need more credit cards.
Never, I don’t shop often and prefer to use cash vs. credit.
Sometimes. I only do this for the initial discount offer.
Sometimes. I do this and then immediately cancel the card.
Sometimes. But only at stores I shop at often.
Frequently. I don’t think this has an effect on my credit score.
Frequently. I like rewards they offer.
Frequently. I shop frequently and prefer to use credit vs. cash.
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3
. On average, how much do you usually charge on your credit cards during the holidays?
On average, how much do you usually charge on your credit cards during the holidays?
$150-$250 more than I usually do each month.
$250-$500 more than I usually do each month.
$500-$750 more than I usually do each month.
$750 more than I usually do each month.
I have no limit.
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4
. On average, how long does it take you to pay off what you charge on your credit cards around the holidays?
On average, how long does it take you to pay off what you charge on your credit cards around the holidays?
I pay in full immediately.
1-3 months longer than it usually takes for me to pay.
3-6 months longer than it usually takes for me to pay.
6 months or longer than it usually takes for me to pay.
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5
. On average, what percentage of your credit limits do you usually utilize on your credit cards during the holiday season?
On average, what percentage of your credit limits do you usually utilize on your credit cards during the holiday season?
Less than a quarter (25%)
About half (50%)
The majority (75%)
All of it (100%)
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6
. On average, what percentage of the purchases you make while holiday shopping do you charge to your credit cards?
On average, what percentage of the purchases you make while holiday shopping do you charge to your credit cards?
Less than a quarter of my purchases.
Less than half of my purchases.
The majority of my purchases.
All of my purchases.
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7
. What type of presents do you use your credit cards to purchase?
What type of presents do you use your credit cards to purchase?
Inexpensive presents only.
Expensive presents only.
All of the presents I buy.
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8
. Describe your spending style this holiday season:
Describe your spending style this holiday season:
Very sparing – I'm cutting back this holiday season.
Moderate – I will spend within my means, but will not go overboard.
Pushing the envelope – I will spend more this year and push the budget a bit.
Extravagant – I'm feeling generous this year.
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9
. How do you financially prepare for the holidays?
How do you financially prepare for the holidays?
I really don’t – I know that I’ll be spending more towards the latter part of the year.
I revisit last year’s expenses and plan accordingly begin saving during the summer months, putting a little away at a time.
I stop spending on one of my credit cards to anticipate the big bills in November and December...and do a lot of bargain hunting.
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10
. What form of payment do you plan on using to shop this year?
What form of payment do you plan on using to shop this year?
My credit cards – I’ll need time to pay everything off.
My credit cards – I use them for convenience and pay the balance in full each month.
My debit card – I’ll only spend what I have in my account.
Cash – I’ll only spend what I have on me at the point of purchase.
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11
. Over the past few years have your family’s traditions been altered to adhere to economic changes?
Over the past few years have your family’s traditions been altered to adhere to economic changes?
No
Yes – a few things have changed, we try to be a smarter around the holidays.
Yes – many things have changed (travel plans, gift giving and more).
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12
. According to a previous survey we conducted, credit card debt was the biggest financial worry of 2012 – has it changed at all now that we’re approaching 2013?
According to a previous survey we conducted, credit card debt was the biggest financial worry of 2012 – has it changed at all now that we’re approaching 2013?
No - it’s still credit card debt.
Yes – I now worry about financing large purchases, paying off my home, school, car, etc.
Yes – I need to focus on taking care of my family's finances.
Yes – I would rather not say.
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13
. Does credit card fraud or identity theft concern you during the holidays?
Does credit card fraud or identity theft concern you during the holidays?
Yes
No
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14
. Do you take any of these steps?
Do you take any of these steps?
Regularly check my statements and account balances online.
Subscribe to an ID protection/fraud detection service.
Purchase a regular credit monitoring service.
I don’t subscribe to these services.
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15
. How concerned are you that your holiday spending will affect your credit score?
How concerned are you that your holiday spending will affect your credit score?
I spend wisely so I’m not concerned about the impact.
I tend to spend a bit above my means so I am concerned about the impact.
Spending more should raise my credit score since I'm using my credit cards.
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16
. What is your age range?
What is your age range?
Under 18
18-29
30-44
45-60
60+
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17
. What is your gender?
What is your gender?
Male
Female
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18
. Please select your income range.
Please select your income range.
Under 25K
25-50K
50-100K
100-150K
150K+
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19
. What is your highest level of education completed?
What is your highest level of education completed?
Some high school.
High school graduate.
Some college.
Associate or Bachelor degree.
Graduate degree.
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