Many consumers don’t do their research when it comes to credit cards, according to U.S. News & World Report, the global authority in rankings and consumer advice. In its most recent survey of credit card holders, U.S. News found that nearly half of respondents didn’t research their card before signing up. Further, more than 50 percent of those surveyed don’t regularly shop around for better cards.
U.S. News Money, which publishes the Best Rewards Credit Cards of 2018, conducted the survey to learn more about cardholders’ rewards preferences and redemption habits. According to its 2018 Rewards Credit Card Survey:
“There are dozens of rewards credit cards to choose from,” said Kimberly Castro, executive editor at U.S. News. “But, consumers need to do their research to find the right card for their specific financial situation. By carrying a balance or not shopping around, they’re leaving money on the table.”
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