South Dakota vs. U.S.

2018 Credit Card Shopping

SDUS
Compared cards34.737.8
Did not compare59.756.1

South Dakota vs. U.S.

% Did Not Compare Credit Cards

SDUS
200963.762
201267.860.6
201561.258
201859.756.1
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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.