STUDY ON AWARENESS LEVEL OF CREDIT CARD BENEFITS
There is a close relationship between awareness levels of credit card usage and the benefits of credit cards. The purpose of this empirical study is to investigate the awareness levels of credit cards and its benefits among different types of individuals across different demographics. In particular, knowledge structures, beliefs, likes and dislikes as well as attitudes of credit card owners in the possession and use of credit cards are investigated. The studies focuses on the aspects of security level of credit card, grace period advantages of credit card and degree of agreement and are considered to measure the awareness of credit card. Data was analyzed with an aid of statistical tool with …show more content…
Dependent variables-type of credit card, security level of credit cards, often used credit cards, purpose of using credit cards,
A primary survey was undertaken to ascertain the relationship and interdependency, if any, between these variables. The survey was opened to both the employed and the unemployed section of individuals. The reason behind surveying both the employed and unemployed section of individuals is to learn and understand the awareness level of credit cards amongst the unemployed and their usage patterns and also the employed section of individuals so as to understand their level of awareness of credit cards and their usage pattern and their preference for a certain bank credit card.
The sample comprised of 121 respondents both employed and unemployed individuals of which 74 were male and 47 were females. The technique used for sample selection was non-probabilistic Judgment type so that a fair representation of each category could be obtained. The respondents belonged to the age group of 18 to 50 years and above to ascertain the awareness level of credit card …show more content…
Hence, we reject the Null Hypotheses.
Therefore, we reject that the Security level of credit card is same across different banks.
Conclusion:
Thus, from the above test it is proved that the security level of credit card across different banks is not same. The security levels and the benefits provided by the banks are different from each other. Also the ratings provided by the respondents regarding the security levels of the credit cards are different which states that the individuals are aware of the benefits of the credit cards. Chi Squared Test 2) Ho: The degree of agreement is dependent on profession. Ha: The degree of agreement is not independent on profession.
Using a Chi Square Test for Statistical analysis. X2 Observed: 13.47
X2 Critical: 68.79
Since the value of X2 observed is less than the critical value, we accept the Null
There is a close relationship between awareness levels of credit card usage and the benefits of credit cards. The purpose of this empirical study is to investigate the awareness levels of credit cards and its benefits among different types of individuals across different demographics. In particular, knowledge structures, beliefs, likes and dislikes as well as attitudes of credit card owners in the possession and use of credit cards are investigated. The studies focuses on the aspects of security level of credit card, grace period advantages of credit card and degree of agreement and are considered to measure the awareness of credit card. Data was analyzed with an aid of statistical tool with …show more content…
Dependent variables-type of credit card, security level of credit cards, often used credit cards, purpose of using credit cards,
A primary survey was undertaken to ascertain the relationship and interdependency, if any, between these variables. The survey was opened to both the employed and the unemployed section of individuals. The reason behind surveying both the employed and unemployed section of individuals is to learn and understand the awareness level of credit cards amongst the unemployed and their usage patterns and also the employed section of individuals so as to understand their level of awareness of credit cards and their usage pattern and their preference for a certain bank credit card.
The sample comprised of 121 respondents both employed and unemployed individuals of which 74 were male and 47 were females. The technique used for sample selection was non-probabilistic Judgment type so that a fair representation of each category could be obtained. The respondents belonged to the age group of 18 to 50 years and above to ascertain the awareness level of credit card …show more content…
Hence, we reject the Null Hypotheses.
Therefore, we reject that the Security level of credit card is same across different banks.
Conclusion:
Thus, from the above test it is proved that the security level of credit card across different banks is not same. The security levels and the benefits provided by the banks are different from each other. Also the ratings provided by the respondents regarding the security levels of the credit cards are different which states that the individuals are aware of the benefits of the credit cards. Chi Squared Test 2) Ho: The degree of agreement is dependent on profession. Ha: The degree of agreement is not independent on profession.
Using a Chi Square Test for Statistical analysis. X2 Observed: 13.47
X2 Critical: 68.79
Since the value of X2 observed is less than the critical value, we accept the Null