WalletHub recently released its annual Post-Holiday Shopping Survey along with editors’ picks for the Best Credit Cards for 2025, selected from 1,500+ offers for their money-saving rewards and 0% rates.
Survey Results
- Inflation's Impact on Holiday Spending: More than 2 in 3 people say inflation affected their holiday spending more than they anticipated.
- Lingering Holiday Bills: 24% of Americans say they will need more than 6 months to pay off their holiday shopping debt.
- Holiday Overspending: Nearly 2 in 5 Americans say they spent too much during the holidays.
- Cash for Gifts: 54% of Americans say they would rather have cash instead of all the gifts they received for the holidays.
- Buyer's Remorse: Nearly 1 in 4 people say they regret some of their holiday purchases.
- Budgeting Plans: 56% of people plan to follow a strict budget in January.
- Best Credit Card for 2025: Wells Fargo Active Cash® Card – Offers 2% cash back on all purchases, a $0 annual fee, and an introductory APR of 0% for 12 months on new purchases.
- Best Credit Card for Bonus Rewards: Chase Sapphire Preferred® Card – Offers 60,000 points as an initial bonus (worth up to $750 in travel). It also offers ongoing rewards of 1 - 5 points per $1 spent on purchases.
- Best Credit Card for Intro APR: Wells Fargo Reflect® Card – Offers introductory APRs of 0% for up to 21 months and a $0 annual fee.
“Many Americans are cash strapped and debt laden, according to a new WalletHub survey, which found that most people were blindsided by inflation during the holiday shopping season and many people need months to repay holiday bills after overspending. It’s no wonder that 56% of Americans plan to follow a strict budget in January. After all, strict budgeting is the only way to make sure you spend your limited resources on the things that really matter, including saving for the future. Having said that, it will take much more than one month of budgeting to right the ship and set a course for financial success in 2025.”
- John Kiernan, WalletHub Editor
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