Your Credit Card Type Reveals More Than You Know

There is a much closer link between your credit card type and your personality traits. Research studies have revealed that our individual personality traits dictate color choices, vocations, mates, travel preferences, and much more.

In recent years, there has been an increased interest in studying the link between the kind of credit card you carry and your unique personality type.

Here are some preliminary observations:

Debt-O-Gators

As a class, Debt-O-Gators include three groups of individuals: Those burnt by past credit/debt issues; individuals who dislike the hassles associated with managing credit card bills and prefer the simplicity of paying for their expenses upfront; and the organized savers who would rather save their hard-earned earnings (versus enriching large credit card companies).

Debt-O-Gators generally prefer to use debit cards or prepaid credit cards, although they do carry one to five credit cards for occasional use.

Cash-I-Ckers

Cash-I-Ckers tend to be heavy shoppers or individuals who love the concept of saving regularly. They are also very good with numbers and can quickly crunch data to predict outcomes of their financial choices. A large proportion of Cash-I-Ckers tend to be food lovers and movie buffs. Cashback credit cards and 0% APR balance transfer cards are their favorite credit cards.

Gallavantors

Gallavantors are globe-trotting frequent travelers. To support their travel habits, they enroll in credit cards with travel reward points, airline miles, travel bonuses, discounted accommodations, and other incentives.

Gallavantors own vacation homes, participate in timeshare programs, and engage in multiple interests.

Horizon Gazers

Horizon Gazers are individuals who don’t like to be tied to preset spending limits. Although they are responsible with their spending habits, they prefer to take advantage of “no cap” credit cards (credit cards that don’t have preset spending limits or offer very high credit limits to an exclusive group of applicants. Some no cap credit cards may also charge an annual fee to its members). Horizon Gazers are entrepreneurial by nature and work in senior-level positions or own businesses.

In addition to these broad categories, some borrowers are brand conscious by nature and opt to carry big brand name credit cards. On the other hand, those loyal to their local banks sign-up for bank cards.

Do you fall under any of these categories? What is your credit card type?