Credit Cardholder: Convenience User or Credit Revolver?

Authors

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

Keywords:

Credit card, consumer credit and revolving credit

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.

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Author Biography

Yiing-Jia Loke, Universiti Sains Malaysia

School of Social Sciences, Universiti Sains Malaysia

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Published

2010-06-01

Issue

Section

Articles