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@article{189568,
        author = {Dr.Ch.Srinivas},
        title = {Credit Card Usage and Debt Trap: Empirical Evidence from Nizamabad District},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {7},
        pages = {7990-7994},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=189568},
        abstract = {The rapid expansion of credit card usage in India has transformed consumer payment behaviour while simultaneously increasing concerns about rising personal indebtedness. This study examines whether credit card usage leads to a debt trap among cardholders by analysing their spending patterns, repayment behaviour, and awareness of credit terms. Primary data were collected from 165 credit cardholders using a structured questionnaire. Cross-tabulation is employed to examine associations between socio-economic variables, credit card usage behaviour, and debt-related outcomes. The findings reveal that minimum due payment behaviour, frequent card usage, low financial literacy, and multiple card ownership significantly contribute to credit card indebtedness and financial stress. The study highlights the need for stronger financial literacy initiatives and responsible lending practices to mitigate credit card–induced debt traps.},
        keywords = {Credit Cards, Debt Trap, Consumer Credit, Financial Stress, Financial Literacy},
        month = {December},
        }