Credit Card Usage Among College Students in China

Yao, R., & Meng, X. (2018). Credit card usage among college students in China. Journal of Financial Counseling and Planning, 29(2), 304-315. http://dx.doi.org/10.1891/1052-3073.29.2.304

12 Pages Posted: 12 May 2021

See all articles by Rui Yao

Rui Yao

University of Missouri at Columbia - Department of Personal Finance Planning

Xiangyi Meng

Central University of Finance and Economics

Date Written: 2018

Abstract

Credit cards have become a common method of payment for college students in China. It is important that they form good credit card usage behaviors and build a good credit history early in their financial life. Using data collected from 10 universities in China, results of this study found that being financially dependent on their parents is negatively associated with Chinese college students’ ability to pay their credit card bills. The study also found that students with a high level of financial knowledge were less likely to take cash advances on their credit card. Implications for financial educators and parents as well as policymakers were provided.

Keywords: cash advance, China, college students, credit card

Suggested Citation

Yao, Rui and Meng, Xiangyi, Credit Card Usage Among College Students in China (2018). Yao, R., & Meng, X. (2018). Credit card usage among college students in China. Journal of Financial Counseling and Planning, 29(2), 304-315. http://dx.doi.org/10.1891/1052-3073.29.2.304, Available at SSRN: https://ssrn.com/abstract=3843246

Rui Yao (Contact Author)

University of Missouri at Columbia - Department of Personal Finance Planning ( email )

239 Stanley Hall
Columbia, MO 65211-7700
United States
573-882-9343 (Phone)
573-884-8389 (Fax)

HOME PAGE: http://pfp.missouri.edu/faculty_yao.html

Xiangyi Meng

Central University of Finance and Economics

770 Middle Road
Dresden, ME 04342
United States

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