research topics on credit cards

Abstract. Credit cards have often been blamed for consumer overspending and for the growth in household debt. Indeed, laboratory studies of purchase behavior have shown that credit cards can ...

This paper uses Y-14M credit card account data to show how credit card spending, revolving balances, and delinquencies changed from before the start of the pandemic to July 2023 (the most recent Y-14M data). 3 I include data from all the banks that are in the sample throughout the sample period of 2015 to 2023 but remove data from two banks ...

Another strand of literature has focused on the effect of credit cards on spending amounts in either actual or hypothetical shopping contexts (Hirschman, 1979; Soman, 2003; Thomas et al., 2011), which we define as the basket value in the current research.In a field study, Hirschman (1979) showed that credit cards resulted in higher spending amounts as compared to other payment methods like cash.

Many researchers have investigated the consumer's attitude towards using credit cards. However, how the different attributes contribute to credit card usage attitude is not evident. Thus, the main theoretical contribution of this study is to examine the importance and performance of a set of variables that explain the attitude towards using credit cards. It provides essential inputs to ...

At the same time, Americans reduced their credit card debt by a similar amount, and so the average credit utilization—the fraction of available credit used—was nearly constant from 2000-2015. On average, a person's credit increases by about 700 percent from ages 20 to 40 and then continues to increase at a much slower rate.

In a new section, this report examines the market structure, concentration, and profitability of the credit card industry in detail, complementing other regulators' examination of the safety and soundness of card issuers. We explore new topics that have become more important as the market continues to evolve. For example, the current report ...

The Consumer Credit Card Market. SEP 29, 2021. Every two years, the CFPB reports on the state of the consumer credit card market. Our report for 2021 covers how consumers use cards, the price they pay for using them, the availability of credit cards, the practices used by credit card companies and debt collectors, and innovation in the market.

According to the CFPB, 88% of people age 65 and above have credit cards, a number that has stayed roughly steady since 2013, when the CFPB first started tracking it. Among people ages 25-64, the ...

How Chase Sapphire Made Credit Cool for Millennials. The Chase Sapphire Reserve card was one of the hottest product launches in 2016. But what would be its next act, now that the introductory offer of 100,000 points was reduced? Shelle Santana discusses JP Morgan's strategy. Open for comment; 0 Comments.

We apply a demand-based approach to study consumer behavior in the credit card market. Using a national database of U.S. card accounts, we find consumers internalize both rates and fees when making purchasing, borrowing, and late payment decisions on their card. Moreover, price effects broadly align with a rational model of card use. An exception is less borrowing in response to declining late ...

Some expressions were customized to fit the context of credit cards. The research was anchored on a five-point Likert-type scale measurement varying from "1 (strongly disagree)" to "5 (strongly agree)." A pre-test was also performed with five banking experts with a background on credit cards to ensure that the questionnaire has no ...

getty. For decades, credit card rewards were static and predictable. However, the last year and a half expedited big shifts: Credit card issuers scrambled to adapt to shifting consumer demand and ...

Objective: This paper aims at sectoral analysis of the credit card industry in India by. considering top three credit card issuers i.e., HDFC bank, SBI Cards, and ICICI Bank. Methodology: In order ...

CFPB's analyses of the credit card market suggests that consumers face significant barriers to unbiased comparison shopping and to finding a low-cost option. Dominant credit card companies don't offer the best terms and interest rates. The top 30 credit card companies represent about 95 percent of outstanding credit card balances. The top ...

Revolving Credit. This paper investigates the implication of bank revolving credit in the form of credit card loans as a channel of monetary policy targeting the federal funds rate since 1980. Credit cards have become increasingly popular and a necessity for many transactions and purchases in the United States.

Store credit cards generate corporate profits and disgruntled workers. Retail employees are accustomed to long hours and low pay. What really upsets them are corporate policies to push store ...

In 2018, U.S. consumers amassed $3.67 trillion in credit card spending, a 9.7% annual increase (Nilson Report, 2019). Not surprisingly, credit card debt is also rising; the average U.S. household carries an average revolving credit card debt of $3,453.1Clearly, credit cards play a significant role in the economy.

Previous research has established several crucial factors that impact credit card usage, including income levels, age, education, and prior credit card experience (Chakraborty et al., 2020; Jayaraj and Thomas, 2016). Nevertheless, the applicability of these findings in the Hyderabad ... credit cards in an unbalanced manner, as the results ...

Credit card safety is defined as the degree of security an individual feels when using a credit card. Credit card usage has items which express relatively improper practices when using credit cards. Credit card debt has items which relate missing payments. Following are the hypotheses which will be tested in the research. H 1:

Although U.S. consumers were on pace for one of the best debt repayment moments, the COVID-19 pandemic turned it into one of the worst. The study now projects that U.S. consumers will rack up more than $140 billion over the rest of 2020, ending the year with a net increase of $80 billion in credit card debt. 2.

Well, hold onto your hats because it's not all sunshine and rainbows in the land of reward cards. According to a Wells Fargo study, 71% of Americans have a credit card that earns rewards and 49% ...

7. Out of $49.149 trillion in total purchase and cash volume, card fraud generated global losses of $33.45 billion in 2022. 7 8. Consumers reported 416,582 incidents of credit card-related identity theft in 2023. 8. 9. According to a 2023 report, 65% of U.S. credit and credit card holders have been fraud victims at some point in their lives, up from 58% in 2022 — that's about 151 million ...

For all credit cards, the average APR in the first quarter of 2024 was 21.59%. For cards accruing interest, the average in the first quarter of 2024 was 22.63%. For new credit card offers, the average today is 24.66% — tied for the highest since we began tracking rates monthly in 2019. Average APRs for new credit card offers and current card ...

Credit cards have often been blamed for consumer overspending and for the growth in household debt. Indeed, laboratory studies of purchase behavior have shown that credit cards can facilitate spending in ways that are difficult to justify on purely financial grounds. ... Some interesting exploratory research suggests that observing others make ...

Introduction. The banking industry has been profoundly impacted by the evolution of information technology (IT). Credit card and online net banking transactions, which are currently the majority of banking system transactions, all present additional vulnerabilities (Jiang & Broby, 2021).Hackers have increasingly targeted banks with enormous quantities of client data.

Credit card issuers, in this case, Chase Company, earn revenue from interest income, cardholder fees, and interchange fees. Kay Jewelers Credit Card Application Terms and Conditions This paper provides a brief overview of the conditions for applying for a Kay Jewelers credit card, as well as the terms of the loan agreement.

This essay examines credit card processes nowadays and tries to predicate the future of the credit card system. The credit cards make transacting of business very convenient. However, the use of credit cards and the debts that is a consequence of cards have become an increasingly monetary threat to students.

If you spend more than $9,500 annually on those categories, the annual fee card would start netting you more cash back. At $9,500, you would net $285 on Card A ($380 in cash back minus the $95 fee ...

In fact, sometimes you make a credit card decision that feels smart at the time but, over the long run, has an effect that runs opposite to what you intended. Let's take a look at three. 1 ...

Prior CFPB research has shown that, for many borrowers, the benefits of rewards programs fail to exceed the costs of credit cards.3 Given this, it is important to better understand how credit card rewards programs directly affect consumers. For this Issue Spotlight, we analyzed several hundred consumer complaints relating to the administration ...