Colorado vs. U.S.

2018 Credit Card Shopping

COUS
Compared cards39.937.8
Did not compare51.956.1

Colorado vs. U.S.

% Did Not Compare Credit Cards

COUS
200960.662
201261.360.6
201561.158
201851.956.1
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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.