Default Effects of Credit Card Minimum Payments

Credit card minimum payments are designed to ensure that individuals pay down their debt over time, and scheduling minimum automatic repayments helps people avoid forgetting to repay. Yet minimum payments have additional, unintended psychological default effects by drawing attention away from the ca...

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Veröffentlicht in:	Journal of marketing research 2022-08, Vol.59 (4), p.775-796
Hauptverfasser:	Sakaguchi, Hiroaki, Stewart, Neil, Gathergood, John, Adams, Paul, Guttman-Kenney, Benedict, Hayes, Lucy, Hunt, Stefan
Format:	Artikel
Sprache:	eng
Schlagworte:	Consumer behavior Credit cards Interest Payments Psychological aspects
Online-Zugang:	Volltext
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