Top 10 Reasons For Not Using Credit Card

1. Prefer Cash

2. Never thought of it

3. Debit card is enough

4. Don't want to owe banks

5. Fear of over-consumption

6. Credit card is not safe

7. Credit card will lead to fees

8. Interest is too high

9. Application is too complicated

10. Fear of not being qualified when applying

Source: CTR market research

Credit Card In China

About half of China's credit card users use the plastic at least once a week to pay for purchases and services, a survey said.

Nearly 47.3 percent of respondents said they use credit cards more than once weekly, said the survey conducted by CTR market research.

The survey was done on 4,515 residents in 12 cities including Beijing, Shanghai, Guangzhou, Shenzhen, Xi'an, Wuhan and Shenyang, CTR said.

Almost 51.6 percent of respondents in first-tier cities said they use credit cards more than once a week - about 10 percentage points higher than the respondents in second or third-tier cities.

Department stores and supermarkets are the main places for credit card use.

About 73 percent of respondents used the cards in department stores, while 59 percent of them used the plastic in supermarkets.

(Shanghai Daily July 14, 2008)