NerdWallet: Cash back rewards credit card most popular in R.I.

NERDWALLET analyzed more than 400,000 clicks on its website over the past three months to determine what types of credit cards people are getting nationwide. In Rhode Island, the most popular credit card is a cash back rewards credit card. / COURTESY NERDWALLET
NERDWALLET analyzed more than 400,000 clicks on its website over the past three months to determine what types of credit cards people are getting nationwide. In Rhode Island, the most popular credit card is a cash back rewards credit card. / COURTESY NERDWALLET

PROVIDENCE – The most popular credit card in Rhode Island is a cash back rewards credit card, according to a study by NerdWallet.
NerdWallet, a personal finance website, analyzed more than 400,000 clicks on its website over the past three months to determine what types of credit cards people are getting nationwide.
Rhode Island is among 16 states, including Connecticut and New Hampshire, where cash back rewards credit cards are the most popular. In fact, cash back rewards credit cards were the second-most popular overall nationwide, behind only the travel rewards card, which was the preferred card in 20 states and Washington, D.C., NerdWallet said.
In Massachusetts, a travel rewards credit card is the most popular. Maine and Vermont prefer balance transfer credit cards, NerdWallet said. A secured credit card was the top pick in Florida and Misssissippi, a “good choice” for those with lower credit scores, NerdWallet said.
Rhode Island ranked 14th for its overall credit score of 685. Topping the list was Minnesota with its average credit score of 704. NerdWallet also looked at states’ average credit score in light of the card choices.

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