Bridging the Gap: Building a Community of Financial Well-being


2017 AFCPE® Research and Training Symposium


AFCPE Pre-Symposium and FTA: Monday, November 13 - Wednesday, November 15
AFCPE Symposium: Wednesday, November 15 - Friday, November 17
Schedule Subject to Change

Title: The Role of Dual-Self Constructs in Determining Payment Card Choice: Insights for Working with Credit Card Borrowers
Friday, November 17th, 2017
Evidence shows consumers are better off using credit rather than debit cards. This assumes that credit card payers do not carry a balance, yet we know of credit card users with habitual revolving balances. Using SCF data, findings indicate that while there are no differences in myopia between debit and revolving credit card users, there are differences in attitudes. All dual-self constructs discriminate between revolving and convenience credit card users, with attitudes having the greatest effect. Financial professionals may find value in first encouraging revolvers to debit cards, as they work on eliciting attitudes that support being a convenience user.

CFP Pre-Approved Session - 1 CEU