A Study of Credit Card Holders Repayment Pattern with Reference to Chennai City

Abstract : In today’s world, everyone would have limited access to credit. But this access is available to all through one of the most valuable financial instruments i.e., Credit Cards. Credit Card is a boon as well as a bane. It can make or destroy the person who is using it. The Important factor of a Credit Card is the repayment of dues on a stipulated period. The study focuses on various aspects of repayment - how much amount will they pay towards credit card dues, how will they arrange funds to repay the debt, etc. The period of study is 2 months with a sample size of 100 through a questionnaire. The study uses ANOVA and Chi-Square Tests to analyze the factors that influence repayment patterns. The study reveals that there is no significant relationship between spending money and repayment of dues on time.