Credit Card Literacy Levels And Credit Card Usage Behaviors Of College Students

Toraman, Cengiz; Kılıç, Yunus; Buğan, Mehmet Fatih

doi:10.20491/isarder.2016.218

Cited by 3 publications

(3 citation statements)

References 17 publications

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“…(2017) and Toraman et al. (2016), the results in this study showed that financial literacy has a positive impact on credit card repayment decisions. We find that those with low and moderate financial literacy are more likely to fall behind in credit card repayments compared to those with high financial literacy.…”

Section: Resultssupporting

confidence: 67%

“…Barboza, Smith, Boubacar, and Barboza (2017) and Toraman et al. (2016) find that higher financial literacy increases credit card repayment rates. Scholnick, Massoud, and Saunders (2013) reveal that lower levels of financial literacy are associated with failure to settle monthly credit card balances even when enough funds are available.…”

Section: Literature Reviewmentioning

confidence: 96%

“…Even though having a credit card enables consumers to have more cash to spend for other purposes, they can end up paying more on their loan due to a high interest rate. Empirical evidence confirms that credit card holders do not repay their debt in an optimal way (Gathergood, Mahoney, Stewart, & Weber, 2019; Haliassos & Reiter, 2005; McHugh & Ranyard, 2016; Toraman, Kılıç, & Buğan, 2016) and are prone to over‐indebtedness (Bannier & Gärtner, 2019; Barboza, 2018; Canner & Elliehausen, 2013). In addition, studies also show that credit card use is linked to overspending and impulsive spending (Badgaiyan & Verma, 2015; Gathergood, 2012; Roberts & Jones, 2001; Sotiropoulos & D’Astous, 2012).…”

Section: Introductionmentioning

confidence: 99%

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Financial literacy, money management skill and credit card repayments

Hamid

Loke

2020

Int J Consumer Studies

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This paper studies the relationship between socio‐economic factors, financial literacy, money management skill, overspending and impulsiveness on credit card repayment decisions. Analysis based on a sample of 451 credit card users in Malaysia showed that socio‐economic factors related to education, income, ethnicity, marital status and number of credit cards held influence credit card repayment decisions. Financial literacy and money management skill have a positive effect on credit cardholders’ decision making. Specifically, money management skill related to financial statements monitoring, prompt bill payment, spending within budget and handling money matters well influence credit card repayments. However, personality traits such as overspending and impulsiveness do not exert a significant effect on credit card payment behaviour. The findings of this study support the argument that financial education and behavioural intervention that inculcate good money management skill are important in shaping individuals’ behaviour.

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Section: Resultssupporting

confidence: 67%

Section: Literature Reviewmentioning

confidence: 96%

Section: Introductionmentioning

confidence: 99%

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Financial literacy, money management skill and credit card repayments

Hamid

Loke

2020

Int J Consumer Studies

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Cash or m-Payment? The Dilemma of Payment Behaviour During the COVID-19 Pandemic

Graziano,

Leonelli,

Petroccione

et al. 2023

Global Business Review

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The COVID-19 pandemic represented an unexpected shock to the global economy, with a significant impact on business and consumer behaviour, particularly on spending and payments. This article aims to identify the drivers affecting consumers’ payment behaviour in Italy during the COVID-19 lockdown. We develop an empirical study, using structural equation modelling on data collected from 2,872 consumers in the period May 2020–June 2020 through the computer-assisted web interviewing methodology. A robustness check is run with an ordinary least squares (OLS) regression analysis. The findings highlight the positive and significant effect of COVID-19 worries on consumers’ payment behaviour. The uniqueness of this work derives from the creative approach with which it investigates the financial and social consequences of the COVID-19 crisis and focuses on possible solutions to encourage the adoption of innovative tools.

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Gi̇ri̇şi̇mci̇leri̇n Fi̇nansal Okuryazarlik Düzeyleri̇ni̇n İşletme Performanslari Üzeri̇ndeki̇ Etki̇si̇

Sünbül¹,

Buğan²

2021

International Journal of Management Economics and Business

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Günümüz ekonomi anlayışının temelini şüphesiz ki finans faktörü oluşturmaktadır. Temel finans bilgisinin önemi, dünya genelinde olduğu gibi ülkemizde de her geçen gün artmaktadır. Yakın zamana kadar dünyayı sarmaya başlayan güncel ve yeni finansal kavramların içinde en önemlilerden biri finansal okuryazarlık kavramıdır. Finansal okuryazarlığa en çok ihtiyaç duyacağı düşünülen girişimcilerin, finansal okuryazarlık seviyelerinin tespiti bu çalışmanın motivasyonunu oluşturmaktadır. Ayrıca girişimcilerin işletme performanslarının da finansal okuryazarlık seviyelerinden etkileneceği düşünülmüştür. Bu doğrultuda bu çalışmanın amacı, Gaziantep ilinde faaliyet göstermekte olan iş yeri sahibi girişimcilerin finansal okuryazarlık düzeylerinin belirlenmesi ve finansal okuryazarlığın işletme performansları üzerinde etkisinin olup olmadığını incelemektir. Bu doğrultuda, Gaziantep ilinde faaliyet gösteren 206 iş yeri sahibi girişimciye finansal okuryazarlık ve işletme performans ölçeklerinden oluşan anket formu uygulanmıştır. Çalışmadan elde edilen bulgulara göre finansal okuryazarlık seviyesi işletme performansını anlamlı ve pozitif yönde etkilemektedir. Ayrıca bir diğer önemli bulgu da girişimcilerin finansal okuryazarlık seviyelerinin eğitim düzeylerinden bağımsız olduğudur.

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Credit Card Literacy Levels And Credit Card Usage Behaviors Of College Students

Cited by 3 publications

References 17 publications

Financial literacy, money management skill and credit card repayments

Financial literacy, money management skill and credit card repayments

Cash or m-Payment? The Dilemma of Payment Behaviour During the COVID-19 Pandemic

Gi̇ri̇şi̇mci̇leri̇n Fi̇nansal Okuryazarlik Düzeyleri̇ni̇n İşletme Performanslari Üzeri̇ndeki̇ Etki̇si̇

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