Article 2022 · 1 citations

Determinants of Credit Card Use: Evidence from Cross-Sectional Data in Turkey

Karaaslan, Kubranur Cebi, Tekmanli, Hasan Huseyin

Abstract

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 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.

Keywords

Credit Card Use Consumer Behavior Survey Data Binary Logistic Regression Turkey USAGE

WoS Categories

Economics

Sustainable Development Goals

No Poverty Good Health and Well-being 10 Reduced Inequality

Citation

Journal: INTERNATIONAL JOURNAL OF CONTEMPORARY ECONOMICS AND ADMINISTRATIVE SCIENCES
Year: 2022
Volume: 12
Issue: 1
Pages: 191-204
ISSN: 1925-4423
DOI: 10.5281/zenodo.6850755
WoS UID: WOS:000830007500010

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