Credit Cardholder: Convenience User or Credit Revolver?

  • See-Peng Cheu CIMB Bank Berhad
  • Yiing-Jia Loke Universiti Sains Malaysia

Abstract

The credit card is a double-edged sword. Credit facilities offered by a credit card, which provide liquidity for unforeseen circumsfances, can also tempt its holder to overspend. This paper investigates the factors that distinguish a cardholder who uses the credit card as a convenient payment tool from a cardholder who uses the credit card as a credit instrument. It is found that socio-economic variables are significant in profiling the type of credit card user. Credit education is also found to be important in shaping a responsible usage of credit cards.

Author Biography

Yiing-Jia Loke, Universiti Sains Malaysia

School of Social Sciences, Universiti Sains Malaysia

Published
2010-06-01
How to Cite
CHEU, See-Peng; LOKE, Yiing-Jia. Credit Cardholder: Convenience User or Credit Revolver?. Malaysian Journal of Economic Studies, [S.l.], v. 47, n. 1, p. 1-17, june 2010. ISSN 1511-4554. Available at: <https://mjes.um.edu.my/article/view/2830>. Date accessed: 23 sep. 2017.
Section
Articles