||The study is based on the financial statistics published by the Financial Supervisory Commission (FSC) to analysis the behavior of Taiwan credit cardholders after the dual card crisis and the global financial storm. In the meantime, the data as of September and November 2008 is applied to examine the impact of credit cardholders in different segments who have cash needs after the regulation implementation. The study concludes that:|
1. The behavior of credit cardholders impacted by the dual card crisis and the global financial storm
Using various statistical charts and one-way ANOVA analysis can be found that after the dual card crisis and global financial storm, the revolving credit balance of credit card market reduced year by year. Obviously, a correct concept of card usage is established gradually. Cardholders should not only enjoy the convenience of credit card, but also control the burden of over spending.
2. The cash advance amount deteriorated due to FSC regulation implementation
After a series of guided actions launched by FSC, people no longer rely on credit card as a financing tool but treat it as a payment implement. The amount of cash advance shrink while the cardholders who have cash advance need get financing from personal loan.
3. The impact is various between each segment by regulation
Using Independent-Sample T Test, it is found that there are no significant differences in credit card cash advance features for cardholders who have debt burden ratio greater than 22 times of the monthly income, the internal employee, and cardholders whose credit line is greater than NT$800,000.