Factors affecting credit card use in India

The current research examines influence of materialism and compulsive-buying behavior on Indian consumers’ credit card use. Research in Western countries posits that materialistic values and compulsiveness influence credit card use. However, results of the research differ from earlier researches. It suggests that Indian consumers’ credit card use is influenced by materialism but not by compulsiveness. Credit cards may be acquired to represent a lifestyle and improve individual’s status. The symbolic value associated with credit card is higher than its functional attributes. Consumers associate it with material possessions that bequeath status to them.

<strong>Abstract</strong> It is important to make payments contactless in order to comply with hygiene rules, especially when shopping under the new normal principles. It is expected that this will increase credit card use. Based on this, the aim of the study is to determine the demographic, economic and environmental factors affecting the use of credit cards. In this study, the data obtained from the Turkish Statistical Institute were used. Binary logistic regression and binary probit regression analyzes were used under discrete choice analysis to identify the factors affecting the household credit card use status. The analysis results showed that the factors such as gender, marital status, educational background, age, household size, employment status, income, expenditure, financial assets, saving, online shopping, and questionnaire year were effective on the credit card use attitudes of households. Determining the effects and effect sizes of these has contributed to explain the attitude of credit card use and has guided decision-makers and policymakers to transform the use of credit cards for contributing to the economy.

The literature documents the impact of credit card use on people’s financial well-being, including special interest in women’s credit card behavior. This chapter examines predictors of the financial well-being for female college students living in Sao Paulo City (Brazil) or New York City (United States), focusing upon behaviors regarding credit card use. The results of structural equation models, based on 784 participants, suggest that financial self-confidence and social comparison impact the respondents’ habits surrounding credit card use and, more largely, influence financial well-being. Although social comparison is more strongly predictive of credit card use among Brazilian women, credit card use behavior has a greater impact on the well-being of American women.

Credit card use is ubiquitous. The credit cardholders’ behaviour of accumulating reward points and its effect is studied. The credit card users are categorised into government employees, private sector employees and the self-employed. The socio-economic factors like age, gender, education, marital status, family size, occupation, monthly income and number of credit cards owned affect the reward point accumulation behaviour of credit card holders. Frequency of credit card use has a positive effect on reward point accumulation but duration of credit card use does not affect reward point accumulation. The card transaction amount is more for the accumulators than the non-accumulators of reward points. Cardholders’ behaviour of accumulating reward points leads to increasing purchases, including conspicuous consumption and possibly leading them into a debt trap, if fail to make full payment of their credit card bill. The issuers of credit cards have a scope to widen their customer base by changing their marketing strategies so as to motivate the cardholders to accumulate reward points.

Credit cards play a central role in household financial behavior by combining payment and short-term financing functions shaped by socioeconomic, cognitive, and attitudinal factors. This study examines the determinants of credit card use and repayment behavior in Ecuador, focusing on purchasing power, financial literacy, and institutional trust. A quantitative, cross-sectional, and explanatory design was applied to a probabilistic sample of 550 credit card users from Quito and Santo Domingo. Multivariate analyses and Partial Least Squares Structural Equation Modeling (PLS-SEM)—including formative and hierarchical constructs—were used to validate the proposed behavioral framework. The results show that higher income is associated with more responsible repayment, while financial literacy and trust mediate this relationship through cognitive and attitudinal mechanisms. Moderate R2 values and small-to-moderate f2 effect sizes align with patterns observed in other Latin American credit markets. Behavioral differences also emerge across age, gender, and household composition, underscoring the heterogeneity of financial capability in the region. The findings demonstrate that responsible credit card indebtedness depends not only on economic capacity but also on financial knowledge and institutional trust, offering practical implications for financial inclusion policies and targeted education programs in emerging economies.

This research used a Web-based survey of students at a Midwest regional university to measure the extent of credit card use by first-year students and seniors. The results indicate that the variables influencing credit card use and the carrying of a balance from one month to the next include the number of cards held by the student the student’s income !evel and the presence of educational loans. A significant number of surveyed students at both grade levels are affected by credit card debt but no specific type of purchases lead to carrying a balance. First-year students and seniors differed significantly in the number of cards they held the monthly balances they carried and the ways in which they acquired their cards. Those who acquired their credit cards through on-campus solicitation carried a substantially higher average monthly balance than those students acquiring the cards via other methods. The students~ involvement with their parents affected their card balance~ but knowledge of interest rates and types of transactions appeared to have no influence.

Purpose: This study discussed the factors that influence the use and debt of credit cardholders in Jakarta and surrounding areas (Jakarta, Bogor, Depok, Tangerang, Bekasi) Research methodology: The dependent variable used in this study is the use of credit cards and debts on credit cards. This study's independent variables were demographic factors, credit card feature factors, and attitude towards money factors. The sample of this study was 333 respondents using the purposive sampling technique. The data analysis model used is Ordinary Least Square (OLS). Results: The results showed that there were influences from demographic factors (age, income, family size), features on credit cards (credit limits), and attitudes towards money (the main payment method with credit cards, card tenure) on the use of credit cards; also, demographic factors (gender, type of work, level of education, income) and attitude towards money (minimum payment) on credit card debt. Therefore the factors that banks need to consider to increase their income, and the government for control of public expenditure, also the public to pay more attention to spending on their credit cards so that there is no accumulation of debt that cannot be paid. Limitations: This study has several limitations of specifically only examines the people who are in Jakarta and their surroundings (Jabodetabek) and examines demographic factors, features on credit cards, and attitudes. Contribution: This study will examine demographic factors, features on cards, and attitudes towards money by uniting variables per category into a unified category. The indicators in this study are adjusted to the community in Indonesia. Keywords: Attitude towards money, Credit cards, Credit card features, Demographics

PurposeThis study aims to utilize the theory of planned behavior, integrating materialism, financial socialization, and perceived financial capability, to explore the psychological determinants influencing credit card repayment behaviors.Design/methodology/approachThe data for this research was sourced from the 2016 National Financial Well-Being Survey. Employing Structural Equation Modeling, this study investigated whether materialism, financial socialization, and perceived financial capability influenced credit card repayment behaviors through their impact on financial intention.FindingsThe analysis suggests significant associations between materialism, financial socialization, and perceived financial capability with credit card repayment behaviors. Furthermore, the results highlight the substantial mediating role of financial intention in shaping the relationship between materialism, financial socialization, perceived financial capability, and credit card repayment behaviors.Research limitations/implicationsEmploying Structural Equation Modeling, the study investigated whether materialism, financial socialization, and perceived financial capability indirectly influenced credit card repayment behaviors through their impact on financial intention.Practical implicationsThe findings of this study underscore the importance of considering credit card utilization and leverage used by average consumers. Supporting community-based financial education programs might be useful for reaching individuals and families at the grassroots level and educating participants about the deleterious effects of maintaining high credit card balances and the perils of pursuing their materialistic desires by leveraging these purchases through the utilization of credit cards. Credit card companies can use these findings to inform their marketing strategies and design credit products that cater to the needs of different segments of customers. From a policy standpoint, it is extremely important to develop programs that protect those individuals who are most vulnerable and need the most help with managing their money.Social implicationsPolicy makers can also use these findings to develop regulations and consumer protection measures to promote responsible credit card use. For instance, they can introduce laws that require credit card companies to disclose the full cost of credit, including interest rates, fees, and charges, in a clear and transparent manner. They can also promote financial education programs to help individuals with high levels of materialism manage their credit card usage and debt.Originality/valueThe paper integrates two well-established theoretical frameworks, the theory of planned behavior and materialism, to provide a comprehensive understanding of consumer credit card usage. This integration allows for a more nuanced analysis of the factors influencing credit card behavior. By utilizing data from the 2016 National Financial Well-Being Survey and employing Structural Equation Modeling (SEM), the paper conducts a robust empirical investigation. This adds credibility to the findings and allows for the testing of hypotheses derived from the theoretical frameworks. The findings of the paper have practical implications for policymakers, financial institutions, and consumer advocates.

Having unlimited needs and wants, humans as economic beings will struggle to meet their needs. In this modern era, shopping for human needs and desires has become easier to do with the availability of various stores and malls to online retail. This ease of shopping has increased interest in shopping for unlimited material needs and indulges Indonesians to continue making purchases in order to develop uncontrolled compulsive buying behavior. Therefore the authors aim to examine the effect of materialism on compulsive buying mediated by the use of credit cards and impulsive buying. The object of this research is credit card users in Batam. Sampling was done by giving a google form questionnaire to credit card users in the city of Batam. Demographic data of respondents were then analyzed using IBM SPSS Statistics version 25.0 and analysis of the effect of independent variables on the dependent variable was carried out using Smart PLS version 3.2.8. The results of this study indicate that the variables of materialism, use of credit cards and impulsive buying have a significant effect on compulsive buying .

Objective: The purpose of this study is to determine and examine the main factors that affect consumers' use of credit cards, with an emphasis on perceived convenience, ease of use, security, and special benefits. Methodology: We used a quantitative exploratory design and gave structured questionnaires to a stratified sample of 348 credit card users. We used a five-point Likert scale to measure the answers. Regression and structural equation modeling (SEM) were used to look at the relationships between the variables in the data analysis. The fit indices and factor analysis showed that the conceptual model was valid. Findings and Implications: The findings show that increased credit card use is substantially correlated with unique benefits and a strong sense of security. Convenience has a positive impact on user preference, while perceived ease of use is a crucial mediator between perceived usefulness and actual use. These results underline how crucial it is to create credit card services with an emphasis on security, rewards, and ease of use. By concentrating on these elements, financial institutions can increase user engagement and trust, which will ultimately promote more frequent and responsible usage.

This article discusses the concept of a credit card as a means of payment in Islamic law. There are two main problems studied, namely (1) the conception of Shariah credit cards (alternatives) in Sharia Banking that can accommodate the needs of the community that are appropriate and do not conflict with Islamic Sharia; (2) the opinion of the scholars regarding the use of credit cards. The two problems were studied using a library approach by using books, magazines, journals and several other scientific works as primary sources. After conducting research, the authors found that Islamic credit cards can only be accessed for transactions on goods that have been determined with halal criteria. There are several opinions of scholars regarding the law on the use of credit cards related to the problems above. There are scholars who allow and there are also those who forbid based on their respective foundations. The MUI National Sharia Council stated that the use of sharia credit cards is allowed as long as it fulfills the provisions, and if it violates these provisions, the law will become illegal.

Realization of Non-Performing Loans (NPL) credit cards in the period 2007 to 2010 has experienced a rising trend. Anincrease of NPLhave been caused by the use of credit cards and compulsive buying. The purpose of this study was to determine the effect of credit card use and compulsive buying against default risk. Variables consisted of: the use of credit cards (independent variable), compulsive buying, and default risk (dependent variable). By using the method of sampling purpose, the respondents of this study is the user's credit card Bank X in Surabaya, and the number of samples are 120 respondents. The analytical method used is descriptive analysis and inferential statistical approach using SEM Approach. Researchconclusionsare: the use of creditcards havesignificant effect on compulsive buying, the use ofcreditcards have no significant effect on default risk andcompulsive buyingsignificantly influence to default risk.

Does urge to buy impulsively differ from impulsive buying behaviour? Assessing the impact of situational factors

This study analyzed consumer public complaint behaviors and the satisfaction of complaint handling among credit card users who availed of credit card services. Relatively little research has been done in this area, despite the obvious importance of understanding and improving credit card market conditions. The purpose of this study was to examine consumer compliant behaviors with a focus on public actions, such as voice responses and the third party actions among credit card users. With the goal of providing consumers with more positive expectations of credit card companies' complaint handling process, this study investigated the status of public actions and the negative effect of complaints on the overall satisfaction of post-complaint behavior toward credit card services. The responses from 1,000 credit card users were analyzed using descriptive analysis, factor analysis, multi-logit analysis, and Heckman selection estimate. The analysis provided three major results: (1) perceived service quality among credit card users was conceptualized into groups such as responsiveness, innovation, company, additional service, and fee, (2) perceived service qualities, age, residential area, employment status, and subjective economic status had significant effect on public compliant action behaviors, and (3) unidimensional factors resulting from post-complaint behaviors were analyzed and several variables, such as period of credit card use, average amount used, and perceived service quality had significant effects on the degree of satisfaction associated with complaint handling in terms of credit card services. Several implications and directions for further research are discussed.

Discriminating the number of credit cards held by college students using credit and money attitudes