Differences in Utilisation Behaviour Among Types of Credit Cards

Credit Card Usage Pattern in Ozamiz City, Philippines

“…The On credit card ownership, the young and old cardholders did not differ in terms of the number of credit cards owned and the frequency of usage. This result is inconsistent with several studies from Botswana (Themba & Tumedi, 2012), Saudi Arabia (Abdul-Muhmin & Umar, 2007), Singpore (Ramayah et al, 2002), Istanbul (Kaynak & Harcar, 2001), Hongkong (Chan, 1997) and USA (Heck, 1987;Adcock et al, 1977) which showed that the older cardholders owned more credit cards and used them more frequently.…”

“…However, several studies from different countries suggest that card ownership is positively related to income (Themba & Tumedi, 2012;Abdul-Muhmin & Umar, 2007;Kaynak & Harcar, 2001;Chan, 1997;Heck, 1987;Adcock et al, 1977). Some studies specifically found that higher level of annual income is associated with a greater number of credit cards (Kinsey, 1981;Wasberg et al, 1992;Gan et al, 2008;Wang et al, 2011).…”

“…It could mean that attitude does not necessarily predict behavior (Chien & DeVaney, 2001). Many studies conducted in other countries such as India, Saudi Arabia, Istanbul, Hongkong, and USA showed that men are more likely to own credit cards and have the tendency to become revolvers than women (Khare et al, 2012;Abdul-Muhmin & Umar, 2007;Kaynak & Harcar, 2001;Chan, 1997;Heck, 1987;Adcock et al, 1977). Some studies from Botswana, USA and Singapore showed that women are more likely to have more credit cards, used their credit card frequently, spent more on credit card, tended to revolve and engaged more likely in risky credit card activities than men (Themba & Tumedi, 2012;Hancock et al, 2013;Robb, 2011;Lyons, 2004;Gan et al, 2008;Arora, 1987;Kinsey, 1981).…”

“…However, other literature revealed otherwise. Highly educated cardholders owned more credit cards, used credit cards more frequently and spent more using credit cards (Themba & Tumedi, 2012;Sharpe et al, 2012;Abdul-Muhmin & Umar, 2007;Kaynak & Harcar, 2001;Chan, 1997;Canner et al, 1992;Danes & Hira, 1990;Heck, 1987;Adcock et al, 1977). The study from Saudi Arabia (Abdul-Muhmin & Umar, 2007) and India (Khare et al, 2012) showed that highly educated cardholders are less likely to revolve but the study from Botswana (Themba & Tumedi, 2012) showed otherwise.…”

“…For example, Choi and DeVaney (1995) reported that credit card ownership was not influenced by income level while studies of Danes and Hira (1990), Sharpe et al (2012), Themba and Tumedi (2012), Abdul-Muhmin and Umar (2007), Kaynak and Harcar (2001), Chan (1997), Heck (1987) and Adcock (1977) found that income level was influential.…”