U.S.

2015 Credit Card Shopping

US
Compared cards35.02%
Did not compare57.95%

U.S.

% Did Not Compare Credit Cards

US
200961.96%
201260.61%
201557.95%
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Most Americans do not compare offers or collect information from more than one company when shopping for credit cards. This practice suggests a gap in applying financial decision-making skills to real life situations.

Not performing basic research when shopping for credit cards can result in higher interest rates and, consequently, higher borrowing costs.