| Summary: | Personal finance is a tool for achieve financial and management money decision. Credit card
bankruptcies in Malaysia trebled from 2009 to 2010 thus most of credit card holder experience
bad outstanding balance and blacklisted. In response to this, the project paper aims to
investigate the level of general financial awareness among credit card holders and determine
the relationship between credit card holder awareness and personal finance knowledge and
skill. The three research questions addressed are: What is the level of credit card holder’s
awareness towards personal finance? Is there any relationship between credit card holder’s
awareness and personal finance knowledge? And is there any relationship between credit card
holder’s awareness and personal finance skills? A survey method was employed using a
sample of 100 respondents around Selangor area that have a credit card. The study also
develops normality test, reliable scales, frequency statistic, correlation and regression. The
findings of the study revealed that the level of awareness and relationship between dependent
and independent variables. The results found that the level of credit card holder awareness is
moderate and there is strong relationship. By identifying the specific areas where personal
finance awareness may be lacking, the project paper may give recommendation to design
financial education programme to educate the cardholder to achieve greater financial freedom.
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