Personal Factors Affecting Rational Usage of Credit Cards

Abstract

Living conditions are negatively affected because of careless credit card usage when consumers take loans above their income. In this study, factors that can affect rational usage of credit cards have been specified. Those factors have been investigated in terms of consumers' attitudes toward credit cards and money in their spending. Survey data have been collected from 514 credit card holder public servants in Bilecik central district. After exploratory factor analysis and multiple regression analysis, factors directly affecting rational credit card usage have been specified. The most interesting findings of the study indicate that neither trust in credit cards nor distrust in money directly affect the rational usage of credit cards.