Cardholders' Attitude And Bank Credit Card Usage In Malaysia: An Exploratory Study

The study is aimed at validating attributes that influence the differences in attitudes among active and inactive cardholders. By focusing on relevant attributes that have been identified, it is believed that credit card issuing banks can position themselves effectively via their marketing strateg...

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Main Authors: T. Ramayah, T. Ramayah, Nasser Noor, Nasser Noor, Mohd. Nasurdin, Aizzat, Lim , Hee Choo
Format: Article
Language:English
Published: Asian Academy of Management (AAM) 2002
Subjects:
Online Access:http://eprints.usm.my/35600/
http://eprints.usm.my/35600/1/AAMJ_7-1-5.pdf
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author T. Ramayah, T. Ramayah
Nasser Noor, Nasser Noor
Mohd. Nasurdin, Aizzat
Lim , Hee Choo
author_facet T. Ramayah, T. Ramayah
Nasser Noor, Nasser Noor
Mohd. Nasurdin, Aizzat
Lim , Hee Choo
author_sort T. Ramayah, T. Ramayah
building USM Institutional Repository
collection Online Access
description The study is aimed at validating attributes that influence the differences in attitudes among active and inactive cardholders. By focusing on relevant attributes that have been identified, it is believed that credit card issuing banks can position themselves effectively via their marketing strategies to activate their existing cardholders' usage rate as well as to attract new active cardholders. Thirteen important attributes were used to measure credit cardholders' attitude. These attributes include acceptance level, credit limit, interest-free repayment period, annual fee, application approval period, ancillary functions, handling of cardholders' complaints, issuing bank image, gift/bonus to new applicants, card design, leaflet to describe the card,and advertising by the issuing bank. Acceptance level, credit limit, interest free repayment period, ancillary functions, handling of cardholders' complaints, bank image, and bank advertising were found to be the most important attributes that influenced cardholders' attitudes in distinguishing active from inactive cardholders. Based on the results of the study, several suggestions are forwarded to credit card issuing banks as a step to stimulate credit cardholders' usage level. Among these are to work closer with various retailers to promote the credit card payment mode, to provide adequate credit limit to cardholders, to extend interest free repayment period from 20 days to 30 days, to implement strategic alliances with firms involved in travelling, entertainment, insurance, and telecommunications and, to advertise more so as to create a brand name for the issuing bank.
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spelling usm-356002017-07-13T07:54:56Z http://eprints.usm.my/35600/ Cardholders' Attitude And Bank Credit Card Usage In Malaysia: An Exploratory Study T. Ramayah, T. Ramayah Nasser Noor, Nasser Noor Mohd. Nasurdin, Aizzat Lim , Hee Choo HD28-70 Management. Industrial Management The study is aimed at validating attributes that influence the differences in attitudes among active and inactive cardholders. By focusing on relevant attributes that have been identified, it is believed that credit card issuing banks can position themselves effectively via their marketing strategies to activate their existing cardholders' usage rate as well as to attract new active cardholders. Thirteen important attributes were used to measure credit cardholders' attitude. These attributes include acceptance level, credit limit, interest-free repayment period, annual fee, application approval period, ancillary functions, handling of cardholders' complaints, issuing bank image, gift/bonus to new applicants, card design, leaflet to describe the card,and advertising by the issuing bank. Acceptance level, credit limit, interest free repayment period, ancillary functions, handling of cardholders' complaints, bank image, and bank advertising were found to be the most important attributes that influenced cardholders' attitudes in distinguishing active from inactive cardholders. Based on the results of the study, several suggestions are forwarded to credit card issuing banks as a step to stimulate credit cardholders' usage level. Among these are to work closer with various retailers to promote the credit card payment mode, to provide adequate credit limit to cardholders, to extend interest free repayment period from 20 days to 30 days, to implement strategic alliances with firms involved in travelling, entertainment, insurance, and telecommunications and, to advertise more so as to create a brand name for the issuing bank. Asian Academy of Management (AAM) 2002 Article PeerReviewed application/pdf en http://eprints.usm.my/35600/1/AAMJ_7-1-5.pdf T. Ramayah, T. Ramayah and Nasser Noor, Nasser Noor and Mohd. Nasurdin, Aizzat and Lim , Hee Choo (2002) Cardholders' Attitude And Bank Credit Card Usage In Malaysia: An Exploratory Study. Asian Academy of Management Journal (AAMJ), 7 (1). pp. 1-28. ISSN 1394-2603 http://web.usm.my/aamj/7.1.2002/AAMJ%207-1-5.pdf
spellingShingle HD28-70 Management. Industrial Management
T. Ramayah, T. Ramayah
Nasser Noor, Nasser Noor
Mohd. Nasurdin, Aizzat
Lim , Hee Choo
Cardholders' Attitude And Bank Credit Card Usage In Malaysia: An Exploratory Study
title Cardholders' Attitude And Bank Credit Card Usage In Malaysia: An Exploratory Study
title_full Cardholders' Attitude And Bank Credit Card Usage In Malaysia: An Exploratory Study
title_fullStr Cardholders' Attitude And Bank Credit Card Usage In Malaysia: An Exploratory Study
title_full_unstemmed Cardholders' Attitude And Bank Credit Card Usage In Malaysia: An Exploratory Study
title_short Cardholders' Attitude And Bank Credit Card Usage In Malaysia: An Exploratory Study
title_sort cardholders' attitude and bank credit card usage in malaysia: an exploratory study
topic HD28-70 Management. Industrial Management
url http://eprints.usm.my/35600/
http://eprints.usm.my/35600/
http://eprints.usm.my/35600/1/AAMJ_7-1-5.pdf