By CANDICE CHOI

Americans prefer using their debit cards at the register. But a small fee could change that.

A new Associated Press-GfK poll finds that about two-thirds of consumers use debit cards more frequently than credit cards. But when debit card holders were asked how they would react if they were charged a $3 monthly fee for their debit card, 61 percent say they’d find another way to pay.

If the fee was $5, 66 percent would do the same. If the fee was $7, the figure rises to 81 percent.

The findings come at a time when consumers are seeing unwelcome changes to their debit cards and the checking accounts to which they’re linked. Although banks haven’t started imposing monthly fees for debit cards, there are signs higher costs could be on the way.

Starting in October, a new cap will sharply limit the revenue banks can collect from merchants whenever customers swipe their debit cards. That revenue has been a critical income source for banks; merchants paid issuers $19.7 billion for debit transactions in 2009, according to the Nilson Report, which tracks the payments industry.

Consumers are already seeing the fallout. Chase, PNC Bank and Wells Fargo ended or scaled back their debit rewards programs citing the new regulation. The availability of free checking accounts also declined last year for the first time since 2003.

And more changes could be in store.

Chase, for example, is testing a $3 monthly fee for debit cards on new accounts in northern Wisconsin. In Atlanta, it’s testing a $15 monthly fee on basic checking accounts.

Among the AP-GfK poll respondents who say they would leave their debit cards in their wallets in the face of such fees, more say they’d pay with cash, 53 percent, or check, 42 percent, rather than another form of plastic.

“Cash or checks — they’re not very expensive,” said Aaron Alto, a 44-year-old resident of Grand Rapids, Minn. Alto says he’d be annoyed enough to look for an alternative to his debit card if the fees approached $10.

Debit card fees would cause 22 percent to switch to credit cards, and 12 percent say they would switch to a prepaid spending card.

For now, the notable preference for debit could be linked to a negative sentiment about credit cards; nearly half of respondents to the AP-GfK poll say the interest rates they’re charged are unfair.

That may be because 30 percent had their interest rates hiked in the past two years. That’s more than twice the number who say their rates were lowered.

Forty-two percent of respondents also say the fees and penalties on their cards are unfair; 37 percent say card issuers recently raised those potential charges.

The higher rates and fees may have surprised consumers in light of the new regulations that were intended to protect cardholders and put an end to questionable billing practices.

Under the rules that went into effect last February, cardholders are now entitled to 45 days notice before their rates are hiked. Card issuers are also prohibited from raising rates on existing balances, a once-common practice that consumer advocates had long decried.

Additionally, the one-time penalty fees for late payments are capped at $25 per violation. But there’s no limit on how high banks can hike interest rates on purchases or the default interest rates that kick in when customers are late on payments.

Earl Law, a 61-year-old resident of Buffalo, N.Y., said the penalty rate on a few of his cards is 30 percent.

“It’s absurd. It’s usurious,” he said. “If you’re struggling with debt, that’s the last thing you need. You’re asking people to fail.”

Despite the widespread discontent with interest rates, the regulations are having a clear, positive impact in one area: monthly statements. Nearly half of respondents say they’re now easier to understand.

Part of the reason is that the new law requires credit card issuers to spell out the cost of carrying a balance. For example, statements now include a chart that shows how long it would take to pay off a balance if only minimum payments were made. The chart also includes the total amount the cardholder would pay over that time, including interest charges.

The increased transparency might be one reason why the majority of consumers — 78 percent — say they plan to stick with their cards, despite their grumblings about high rates and fees.

It could also be that consumers have grown numb to unpleasant changes. In the months leading up to the passage of the new regulations, many cardholders saw their interest rates hiked, credit limits slashed and inactive accounts shut down.

The poll was conducted June 16-20 by GfK Roper Public Affairs and Corporate Communications. It involved landline and cell phone interviews with 1,001 adults nationwide, including 715 who have credit cards and 706 debit card holders. Results from the full sample have a margin of sampling error of plus or minus 4.1 percentage points; it is 4.8 points for those with credit or debit cards.

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Associated Press Polling Director Trevor Tompson, Deputy Polling Director Jennifer Agiesta and AP News Survey Specialist Dennis Junius contributed to this report.

Online:

Poll results: http://www.ap-gfkpoll.com

 

 

How the poll was conducted

By The Associated Press

The Associated Press-GfK Poll on changes to credit card laws was conducted by GfK Roper Public Affairs & Corporate Communications from June 16-20. It is based on landline and cellphone interviews with a nationally representative random sample of 1,001 adults. Interviews were conducted with 700 respondents on landline telephones and 301 on cellphones. The sample included 715 credit card holders and 706 debit card holders.

Digits in the phone numbers dialed were generated randomly to reach households with unlisted and listed landline and cellphone numbers.

Interviews were conducted in both English and Spanish.

As is done routinely in surveys, results were weighted, or adjusted, to ensure that responses accurately reflect the population’s makeup by factors such as age, sex, education and race. In addition, the weighting took into account patterns of phone use — landline only, cell only and both types — by region.

No more than one time in 20 should chance variations in the sample cause the results to vary by more than plus or minus 4.1 percentage points from the answers that would be obtained if all adults in the U.S. were polled. For results among credit card holders and debit card holders, the margin of sampling error is plus or minus 4.8 percentage points.

There are other sources of potential error in polls, including the wording and order of questions.

The questions and results are available at http://www.ap-gfkpoll.com .

 


AP-GfK poll shows voter distaste for Putin-style leadership
WASHINGTON (AP) — Donald Trump has called Russian President Vladimir Putin “a leader — unlike what we have in this country.”

But most Americans don’t agree with Trump’s assessment of Putin’s leadership skills, a new Associated Press-GfK poll shows.

Only 24 percent of registered voters say Putin has leadership qualities that would be good for an American president to share, while 71 percent say he does not. In fact, a majority, 56 percent, said they have an unfavorable view of Putin, while only 10 percent said they view the Russian leader favorably.

 Voters were split on whether Trump would be too close to Putin, with 42 percent saying they think Trump would be too close, and 41 percent saying his approach would be about right. Fourteen percent think he would not be close enough.
By comparison, most voters (53 percent) think Democrat Hillary Clinton’s relationship with Putin would be about right, while 11 percent think she would be too close and 32 percent think she would not be close enough.

The relationship between the Republican nominee and the Russian strongman began taking on new life when Putin praised Trump last December as “bright and talented” and “the absolute leader of the presidential race.”

The billionaire businessman hailed Putin’s regard for him as a “great honor,” brushing off widespread allegations that the Russian president has ordered the killing of political dissidents and journalists.

“Our country does plenty of killing also,” Trump told MSNBC’s “Morning Joe” in December.

Four in 10 Trump supporters and only 1 in 10 Hillary Clinton supporters say Putin has leadership qualities that would be good for an American president to have. Still, even among Trump’s supporters, just 16 percent have a favorable opinion of Putin. Only 5 percent of Clinton’s supporters do.

Marissa Garth, a 28-year-old stay-at-home mom from Smithfield, Utah, said she plans to vote for Trump this November because he exhibits the qualities of a strong leader — not to be compared with Putin.

“I think (Putin) is a strong leader for his country,” she said. “But at the same time I don’t think he necessarily has the qualities that I would want as a president.”

In fact, the poll finds that men are more likely than women to say that Putin has leadership qualities that would be good in an American president, 28 percent to 19 percent.

Among Clinton’s supporters, 69 percent say Trump would be too close to Putin. Forty-nine percent of those supporting another candidate share that view, but only 8 percent of Trump supporters say their candidate would be too close to Putin. Eighty percent of Trump supporters say his approach would be about right. Among conservatives, 20 percent say Trump would be too close to Putin.

There is nothing 54-year old Gary Sellers, of Homewood, Illinois, likes about Putin — or Trump. He called Putin a “dictator,” adding, “there are no qualities of his that I wish that an American president would have.”

A lukewarm Clinton supporter, he’s concerned that Trump shares Putin’s extreme views of governing. “I feel he has a dictatorial approach toward being president of the United States,” Sellers said of Trump.

Forty-seven percent of voters say they approve and 52 percent disapprove of President Barack Obama’s handling of the U.S. relationship with Russia.

Voters are divided over whether the next president should take a tougher approach to Putin (42 percent) or whether the current approach is about right (39 percent). Just 16 percent think the next president should take a friendlier approach.

Just under half of voters (48 percent) say the U.S. relationship with Russia is a very or extremely important issue, ranking it low on Americans’ list of priorities, far below issues like the economy (92 percent), the threat posed by the Islamic State group (70 percent), the U.S. role in world affairs more generally (68 percent) and immigration (60 percent).

There’s a generational divide over Russia. Two-thirds of voters age 65 and over and more than half of those between 50 and 64 call the U.S. relationship with Russia very or extremely important, while only 4 in 10 30-49 year olds and only a third of those under 30 say the same.

Generally speaking, voters are more likely to say they trust Clinton than Trump on negotiating with Russia, 40 percent to 33 percent. Nineteen percent say they trust neither and 7 percent trust both equally.

John Eppenger, 68, a retiree in Fairfield, Ala., said that when it comes to dealing with Russia, Clinton would “do a much better job than Trump. She’s not perfect, she’s not ideal, but she’s better.”

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The AP-GfK Poll of 1,694 adults, including 1,476 registered voters, was conducted online Sept. 15-19, using a sample drawn from GfK’s probability-based KnowledgePanel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 2.5 percentage points, and for registered voters is plus or minus 2.5 percentage points.

Respondents were first selected randomly using telephone or mail survey methods and later interviewed online. People selected for KnowledgePanel who didn’t have access to the internet were provided access for free.

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Online:

Poll results: http://ap-gfkpoll.com


AP-GfK Poll: Majority of Americans fear Trump presidency

By JONATHAN LEMIRE and EMILY SWANSON

NEW YORK (AP) — More than half the country fears a Trump presidency. And only about a third of Americans believe he is at least somewhat qualified to serve in the White House.

In the final sprint to Election Day, a new Associated Press-GfK poll underscores those daunting roadblocks for Donald Trump as he tries to overtake Hillary Clinton.

Moreover, most voters oppose the hard-line approach to immigration that is a centerpiece of the billionaire businessman’s campaign. They are more likely to trust Clinton to handle a variety of issues facing the country, and Trump has no advantage on the national security topics also at the forefront of his bid.

Trump undoubtedly has a passionate base of support, seen clearly among the thousands of backers who fill the stands at his signature rallies. But most people don’t share that fervor. Only 29 percent of registered voters would be excited and just 24 percent would be proud should Trump prevail in November.

Only one in four voters find him even somewhat civil or compassionate, and just a third say he’s not at all racist.

“We as Americans should be embarrassed about Donald Trump,” said Michael DeLuise, 66, a retired university vice president and registered Republican who lives in Eugene, Oregon. “We as Americans have always been able to look at the wacky leaders of other countries and say ‘Phew, that’s not us.’ We couldn’t if Trump wins. It’s like putting P.T. Barnum in charge. And it’s getting dangerous.”

To be sure, the nation is sour on Clinton, too. Only 39 percent of voters have a favorable view of the Democratic nominee, compared to the 56 percent who view her unfavorably. Less than a third say they would be excited or proud should she move into the White House.

“I think she’s an extremely dishonest person and have extreme disdain for her and her husband,” said one registered Republican, Denise Pettitte, 36, from Watertown, Wisconsin. “I think it would be wonderful to elect a woman, but a different woman.”

But as poorly as voters may view Clinton, they think even less of Trump.

Forty-four percent say they would be afraid if Clinton, the former secretary of state, is elected, far less than say the same of Trump. He’s viewed more unfavorably than favorably by a 61 percent to 34 percent margin, and more say their unfavorable opinion of the New Yorker is a strong one than say the same of Clinton, 50 percent to 44 percent.

That deep distain for both candidates prompts three-quarters of voters to say that a big reason they’ll be casting their ballot is to stop someone, rather than elect someone.

“It’s not really a vote for her as it’s a vote against Trump,” said Mark Corbin, 59, a business administrator and registered Democrat from Media, Pennsylvania.

Roughly half of voters see Clinton at least somewhat qualified, while just 30 percent say Trump is.

Even when it comes to what may be Clinton’s greatest weakness, the perception that she is dishonest, Trump fails to perform much better: 71 percent say she’s only slightly or not at all honest, while 66 percent say the same of Trump. Forty-nine percent say Clinton is at least somewhat corrupt, but 43 percent say that of Trump.

“Whatever her problems are, they don’t even come close to him,” said JoAnn Dinkelman, 66, a Republican from Rancho Cucamonga, California, who will cross party lines and vote for Clinton. “Everything that comes out of his mouth that is fact-checked turns out to be a lie.”

Trump finds no respite with voters when it comes to what he vows to do as president, either.

Nearly 6 in 10 oppose his promise to build a wall along the U.S. border with Mexico, and only 21 percent of his supporters and 9 percent of registered voters overall are very confident he would succeed at fulfilling his promise that Mexico would pay for the construction.

Six in 10 believe there should be a way for immigrants living in the country illegally to become U.S. citizens — a view that Trump opposes.

“The wall isn’t the answer. It’s not feasible and Mexico won’t pay for it,” said Timothy Seitz, 26, a graduate student at the Ohio State University and a Republican. “We should be leaders. We shouldn’t cower from others and cut ourselves off in the world.”

Beyond immigration, voters say they trust Clinton over Trump by wide margins when it comes to health care, race relations and negotiations with Russia. She also narrowly tops Trump when it comes to filling Supreme Court vacancies, as well as another of the billionaire’s signature issues: handling international trade.

Trump is narrowly favored on creating jobs, 39 percent to 35 percent, while in general, voters are about equally split on which candidate would better handle the economy. Voters are slightly more likely to trust Trump than Clinton on handling gun laws, 39 percent to 35 percent.

Voters are closely split on which candidate would better handle protecting the country and evenly divided on which would better handle the threat posed by the Islamic State group. And Americans are much more likely to say they trust Clinton than Trump to do a better job handling the U.S. image abroad.

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The AP-GfK Poll of 1,694 adults, including 1,476 registered voters, was conducted online Sept. 15-19, using a sample drawn from GfK’s probability-based KnowledgePanel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 2.5 percentage points, and for registered voters plus or minus 2.7 points.

Respondents were first selected randomly using telephone or mail survey methods and later interviewed online. People selected for KnowledgePanel who didn’t have access to the internet were provided access for free.

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Online:

Poll results: http://ap-gfkpoll.com