What Type of Credit Card Consumer Are You?

1
Which category of credit card consumer you belong
to?
2
The Max Payers

• They are sought after by banks and credit card
  companies.
• They never fail to make their full payments on
  time every month.
• They may not contribute to the interest-based
  reveue of the banks and credit cards companies
• But, they are still profitable segment of
  consumers as they ensure that the bank have
  enough sources of money to lend to other consumers

3
The Revolvers

• Favourite consumers for banks and credit card
  companies
• They always carry debts from month to month.
• They only intend to make the minimum payments or
  maybe slightly extra and more often than not,
  they stretch their payments out for years.
• They do not have the habit or the ability to pay
  them off completely.
• They are primarily the people who pay interests
  and additional fees

4
The Defaulters

• These are consumers that banks and credit card
  companies wish not to have them in their list.
• They never pay nor have any intention of paying
• These irresponsible credit card users are the
  black sheep for keeping the interest rates and
  fees high for everyone.

5
The Non-Users

• They are mostly former credit card users who
  decided to stop using credit cards
• They probably have experienced bad financial
  situations and after coming out from the piled up
  credit card debts, they have opted to stay away
  from credit cards.
• However, banks and credit card companies like to
  target this category of consumers because they
  usually come from the Revolvers group.
• They are potential sources of income for banks
  and credit card companies

6
Conclusion

• So, which category do you think you belong to?
• Credit cards are indeed useful tools in our daily
  life if we know how to utilize them wisely.
• We can always make full use of the rewards that
  come with the credit cards such as cash rebates,
  traveling miles, BonusLink points, etc.
• Choose the right credit card and use it wisely!