United States of Bonuses [Infographic]

Bonus.com Staff https://www.bonus.com 1m 166 #bonuses

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

As Americans battle inflation and rising costs – many are turning to bonuses to make an extra buck. Between banks, credit cards, and gambling websites – promises of “free” cash are everywhere… but are Americans becoming too reliant on them?

A new nationwide survey finds that more than 2 in 5 Americans are using credit card reward points and cash-back offers to manage day-to-day expenses and these types of bonuses play a big role in financial decision-making.

• 79% use credit card rewards for the “cash back” option
• More than 1 in 3 (35%) have transferred to a new bank or savings program to get the promotional bonus
• 3 in 4 Americans say bonuses on sports betting websites keep them on the platform – even after losing

There is a dark side to bonuses. More than half of Americans have credit card debt, and more than 1 in 10 say they rely on bonuses and cash incentives to make ends meet (that number jumps to nearly 20% among Gen X).

Take a look at the full report here!

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