Replication data for: Borrowing on the Wrong Credit Card? Evidence from Mexico

Alejandro Ponce, Enrique Seira & Guillermo Zamarripa
We establish new facts about the way consumers allocate debt among their credit cards using data for a representative sample of cardholders in Mexico. We find that relative prices are weak predictors of the allocation of debt, purchases, and payments. Consumers allocate a large fraction of their debt to high-interest cards, incurring a cost of 31 percent above the minimum. Using an experiment, we find that consumers do not substitute in the price margin, although...
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