Skip to content

How Consumers Choose the Best Credit Card for Their Wallet

Explore how consumers went about choosing their credit card(s), the most sought benefits of a card, and future credit card expectations.

insights study credit cards

Jan 29, 2024

quantilope is the Consumer Intelligence Platform for all end-to-end research needs

Access the insights dashboard

quantilope's Credit Card syndicated study explores how 385 US consumers went about choosing their credit card(s), the most sought benefits of a card, and future credit card expectations. 

 

In today's financial market there is an overwhelming number of credit card options available to consumers: travel reward cards, gas perk cards, international cards, cash-back cards, and the list goes on. So how do US consumers navigate all these options to choose the best card for them and their wallets? 

 

In this study, quantilope's MaxDiff method uncovers the most/least important factors consumers took into consideration when choosing their most frequently used credit card. These are factors such as trusted company name, rewards/perks, credit limits, and more. The study also asks consumers about current card usage (number of cards owned, card affiliations, etc.) as well as future credit card plans (opening a new card and what benefits they would most want). 

 

Curious about credit card insights, including how some insights differ among generations? Dive into all the data by accessing the complete Credit Card Insights Dashboard below: 

Access the Insights Dashboard now!

Latest Articles

The Essential Guide to Product Testing in Market Research

The Essential Guide to Product Testing in Market Research

Discover how to conduct effective product testing in market research with advanced methods and best practices that turn consumer insights i...

How Technology is Transforming Market Research

How Technology is Transforming Market Research

Discover how technology solutions are revolutionizing market research through AI, automation, and advanced methodologies.

Elevated Ad Tracking with Mental Availability and Mental Advantage Analysis

Elevated Ad Tracking with Mental Availability and Mental Advantage Analysis

Download access to quantilope's webinar with Quirk's exploring how to incorporate Mental Availability and Mental Advantage analysis into yo...