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(English Version) [No.12] "A credit card, used by 40’s the most (avg. spending 1,250,000KRW per month)"

2009-06-01

“A credit card, used by 40’s the most (avg. spending 1,250,000KRW per month)”
  - 40’s spend about 300,000KRW more than 30’s (avg. 940,000KRW)

 
¡⊙ Most of bank users (95.2%) possess a credit/debit card  
    - 2 out of 5 (41.0%) possess both credit and debit cards. Those who use a 
credit card only are 36.7%  while those of debit card only are 17.5%
  - Half of older ages and of higher incomes possess a credit card only, while 20’s, students, and lower incomes possess comparably more of
    a debit card
 
⊙ The most issued card is ‘KB card’(48.9%)
   - Followed by ‘Shinhan card(38.0%)’, ‘NH card(31.6%)’, and ‘Samsung card(31.1%)’
   - Comparably more use of female ‘Lotte card(28.4%)’, 20’s ‘Woori bank/card(36.2%)’, and  professions ‘Shinhan bank/card(48.5%)’ 
 
⊙ Reason for choosing a main credit card (with the most spending) is ‘point/mileage accumulation(25.5%)’   
   - Point/mileage accumulation is the biggest reason especially for card companies such as Hyundai card, Lotte card, and Samsung card
   - Following reasons are ‘card max. limit(14.3%)’, ‘discount benefits on movie/oil/restaurant, etc.(14.0%)’
  - Reason for mainly using a card of Hana bank, IBK bank, Woori bank is focused more on ‘discount benefits on movie/oil/restaurant, etc.’
 
⊙ Monthly card spending is avg. 1,000,000KRW, twice more than avg. cash spending
   - Compared to 30’s who spend 940,000KRW, 40’s spend about 300,000KRW more (avg. 1,250,000KRW)