A recent survey by Google and Compete asked consumers to rate the importance of features of the credit cards they would select.
In the order of most important to least important, here are the results. – Source
|Spend More Than $1k/Month||Spend Lerss Than $1k/Month|
What is interesting about this survey is that the interest rate a particular card charges was the least important factor of those that charge more than $1,000 a month and for those that charge less, it wasn’t much of a factor either.
Is this an indication that people are being exceptional money managers or is this evidence that perceived rewards and benefits trump prudent money management?
What do you think? Post your feedback and comments below.