College students and credit card companies: Implications of attitudes

Singh, Shweta; Rylander, David; Mims, Tina C.

doi:10.1057/s41264-016-0007-0

Cited by 7 publications

(10 citation statements)

References 33 publications

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“…Another study was conducted by Singh et al (2016), who set out to find the determinants using a survey of college students’ attitudes to credit card companies and the responsible use of credit cards. Two distinct groups of students were identified one with a positive attitude toward credit card companies and positive credit use behaviors; the other with the opposing attitude and behavior.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Results were that the behaviors of consumers, trust in consumption and economic knowledge greatly influence the usage of credit cards. It emerged that credit card payment behavior is very important to determine the segments of college students who behave in responsible ways and those who do not (Singh et al , 2016). Also, the authors concluded that different credit card payment segmenting can help policymakers, credit card companies and college administrators.…”

Section: Literature Reviewmentioning

confidence: 99%

“…It should be pointed out that most previous studies undertaken in the education sector have investigated the factors influencing student behavior and determinants of college student attitude to credit card companies. They have used different factors and models in an effort to determine students’ behavior, attitudes to money and credit card usage in university (Singh et al , 2016; Dilek et al , 2017; Kara et al , 1994; Cai et al , 2017). However, in Malaysia, there is a lack of research comparing education and other types of credit cards.…”

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Do education sector credit cards differ with other credit cards in Malaysia?

Alam

Ibrahim

Sriyana

2021

SBR

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Purpose The credit card market is very large and segmented by targeting different types of consumers. One type of credit card is one that specifically targets people in the education sector, for instance, students, teachers and other staff members. This study aims to compare the features of education and other credit cards in Malaysia. Design/methodology/approach The study analyzes data concerning 234 credit cards by using descriptive statistics and a one-way analysis of variance test. Findings Out of 234 credit cards, this study found only two credit cards especially target education sector customers. The study evaluated 13 features of these credit cards and found that only 2 features are statistically significantly different from other conventional credit cards in Malaysia. These features are interest rate and cash withdrawal charge fees. Originality/value This is an original study based on the compilation of data from secondary sources. The findings will provide valuable insights to financial regulatory policymakers, academics and business managers.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Do education sector credit cards differ with other credit cards in Malaysia?

Alam

Ibrahim

Sriyana

2021

SBR

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“…Используя данные опроса, они выявили сильную положительную связь между отношением студентов к кредитным компаниям и ответственным кредитным поведением. Переменными в их анализе были: поведение при оплате кредитными картами, количество кредитных карт, способы приобретения, осведомленность об условиях по кредитным картам, цель использования кредитных карт, импульсивность и некоторые характеристики студентов [Singh, Rylander, Mims 2016].…”

Section: основные понятия и их взаимосвязьunclassified

Credit Culture of Students as the Object of Sociological Analysis

Дулина

Moiseeva

Ануфриева

et al. 2019

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Growth of volume in crediting to individuals in the Russian Federation during 2008-2018 and problems of debt maintenance have actualized the need of studying changes in the sphere of Russian crediting culture. The aim of the paper is to study credit attitude of modern student youth. At the first stage of the study the authors analyzed the correlation between key options: "credit culture", "credit attitude", "credit behavior", "financial culture", "financial attitude", "financial behavior". The investigators carried out the review of foreign and Russian research works aimed at studying the credit culture and credit behavior of students. They revealed features of foreign studies of credit culture / behavior, on this basis they conclude that this subject is poorly developed in Russia not only by individual socio-demographic groups, but also by the population generally. The working hypothesis of the research has been put forward: it is the change in the credit attitude of young people who do not have their own credit experience, which is the evidence of serious changes in the credit culture. At the second stage, the pilot study "Credit behavior of the population" (December 2017 -January 2018, Volgograd, accidental sampling (n = 404), the sample representation task was not set, the method of collecting information: on-line questioning) has been implemented. The results of the study let the authors to describe the credit culture of Volgograd Universities' students. The strong savings orientation among students has been defined. They are prone to saving money in a difficult situation and are ready to provide financial assistance, but they would not like to resort to it themselves in case of difficulties. Students realize the need of improving their level of financial literacy for building their own effective financial strategies. In the minds of students there is a necessity to correlate risk and result, but not all of them are ready to risk. Analysis of differences in the responses of full-time and extra-mural students has confirmed the working hypothesis. Credit attitude of students, in our point of view, testify the rootedness of the youth credit culture. The correlation between the results of estimating the impact of credit practice on credit culture and the modern scale of crediting to Russians makes it possible to hypothesize that there will be a strong transformation of the credit culture of Russians in the next 20 years. The authors plan to test this hypothesis in their further studies.

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“…Some others reviewed the impact of reward programs on the use of payment cards and the influence such reward programs have on consumer preference to replace cash by payment cards in his/her purchases transactions (Carbó-Valverde and Liñares-Zegarra, 2011). The reward programs for debit or credit cardholders are found to have a significant impact on the use of these payments means (Ching and Hayashi, 2010; Singh et al , 2016).…”

Section: Background and Literature Reviewmentioning

confidence: 99%

A comparison of two multivariate analysis methods for segmenting users of alternative payment means

Dimitriadis

Kyrezis

Chalaris

2018

IJBM

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Purpose Alternative payment means have been expanding rapidly in recent years. The need to identify the segments of customers that are targetable for both financial and nonfinancial institutions is growing. The purpose of this paper is to use two different methods, discriminant analysis and decision trees, in order to compare the effectiveness of the two methods for segmentation and identify critical consumer characteristics which determine behavior and preference in relation to the use of payment means. Design/methodology/approach Using data from 321 bank customers, decision tree and discriminant analysis methods are used, first to test the same set of variables differentiating the customers and then to compare the respective results and prediction ability of the two methods. Findings Results show that discriminant analysis has a better model fit and segments the customers in a more effective way than the decision tree method. In addition, each method shows different variables to differentiate the customer groups. Research limitations/implications The findings are limited to the sector and country of the study, as well as the convenience sample that has been used. Practical implications Suggestions for financial managers to better understand their customers’ behavior and target the right group are discussed. Originality/value This is the first attempt to compare decision trees and discriminant analysis as alternative segmentation methods for payment means.

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College students and credit card companies: Implications of attitudes

Cited by 7 publications

References 33 publications

Do education sector credit cards differ with other credit cards in Malaysia?

Do education sector credit cards differ with other credit cards in Malaysia?

Credit Culture of Students as the Object of Sociological Analysis

A comparison of two multivariate analysis methods for segmenting users of alternative payment means

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