Determinants of Credit Card Use: Evidence from Cross-Section Data in Turkey
It is of importance to make payments contactless regarding hygiene rules, especially in shopping under 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 card. In this study, the data carried out by the Turkish Statistical Institute were used. Binary logistic regression and binary probit regression analyzes were administered under discrete choice analysis to specify the factors affecting the household credit card use status. The analysis results showed that the factors, such as gender, marital status, educational background, age, household size, employment 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.
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