Factors Affecting Credit Card Use in Bangladesh

1
Md. Mamunur-Rashid
Md. Mamunur-Rashid
2
Md. Imdadul Islam
Md. Imdadul Islam

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The credit card industry in Bangladesh is seeing an increasing number of users for the past few years. This paper studies the reason behind the using behavior of customers of credit cards. The paper starts with a brief description credit card and how it developed worldwide and came to Bangladesh. It also discusses the current situation of the credit card industry in the country. After that some literary works were explored to get an idea on what studies have been done on this industry. These works guided the works done in this study. The latter part discusses the data collection and analysis to conduct the research. The paper used two types of analyses to study the credit card use in Bangladesh. Before that it tested the usability of the data collected and filtered. After that, it identified components like convenience, social status, attributes of the credit card and additional benefits provided as some key factors affecting the users’ perception and using behavior. It also examines the effect of demographic variables on the using behavior of the customers of credit card. As a whole, the paper studied the using pattern of Bangladeshi customers regarding the continuity of using credit cards.

19 Cites in Articles

References

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  4. Tajul Islam,Mohd. Karim,Nurul Alam (2015). The Rising Trend in the Use of Credit Cards in Bangladesh and Its Implications on Over-indebtedness and Its Difficulties in Personal Finance.
  5. R Sheikh,M Hossain,K Islam (2014). Factors Affecting Customer's Preferences in Selecting Credit Card in Bangladesh.
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  12. Angela Littwin (2007). Testing the Substitution Hypothesis: Would Credit Card Regulation Force Low-Income Borrowers Into Less Desirable Lending Alternatives?.
  13. James Roberts,Eli Jones (2001). Money Attitudes, Credit Card Use, and Compulsive Buying among American College Students.
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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

Md. Mamunur-Rashid. 2019. \u201cFactors Affecting Credit Card Use in Bangladesh\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 19 (GJMBR Volume 19 Issue C5): .

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GJMBR Volume 19 Issue C5
Pg. 57- 62
Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-C Classification: JEL Code: F65
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v1.2

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August 20, 2019

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English

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The credit card industry in Bangladesh is seeing an increasing number of users for the past few years. This paper studies the reason behind the using behavior of customers of credit cards. The paper starts with a brief description credit card and how it developed worldwide and came to Bangladesh. It also discusses the current situation of the credit card industry in the country. After that some literary works were explored to get an idea on what studies have been done on this industry. These works guided the works done in this study. The latter part discusses the data collection and analysis to conduct the research. The paper used two types of analyses to study the credit card use in Bangladesh. Before that it tested the usability of the data collected and filtered. After that, it identified components like convenience, social status, attributes of the credit card and additional benefits provided as some key factors affecting the users’ perception and using behavior. It also examines the effect of demographic variables on the using behavior of the customers of credit card. As a whole, the paper studied the using pattern of Bangladeshi customers regarding the continuity of using credit cards.

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Factors Affecting Credit Card Use in Bangladesh

Md. Mamunur-Rashid
Md. Mamunur-Rashid
Md. Imdadul Islam
Md. Imdadul Islam

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