Credit cards today play a more important part in the life of many Chinese than cash   Chinanews, Shanghai, Feb.1 – China is witnessing a “credit card boom” at present, with Chinese women becoming major credit card users.

 

A recent survey shows that nearly 36.9% of women in cities “often” use credit cards, and 61.9% of them hold at least 1 credit card. Actually, 73% of young Chinese female white-collar workers purchase almost everything by card. Nearly 35% of them admit that they like the discount for credit card holders. Besides, credit cards allow their holders to purchase expensive goods by installments. To some extent, credit cards play a more important part in the life of many Chinese than cash.

 

Women usually take charge of family expenditure in China, and credit cards enhance their sense of security. The widely-installed POS terminals in supermarkets and shopping malls also enable consumers to enjoy the convenience of credit cards.