Credit Cards as a Market Instrument: Consumer Understanding and Use

Abstract

States that consumers in the US, and the world as a whole, have become increasingly accustomed to credit cards as a primary medium of exchange. The changing availability and economic significance of credit cards raise new questions for researchers and policymakers alike. Nature of cards as a financial instrument, the college student market, spending behavior, credit cards and financial knowledge/literacy and current legislation and changing market structure are discussed. (PsycINFO Database Record (c) 2016 APA, all rights reserved)