Analysis of Financial Literacy, Knowledge and Risks of Credit Card (Case Study In Students of Faculty of Economics) (J)

Bagus Shandy Narmaditya1
Dwi Wulandari2

Fakulty of Economics

Universitas Negeri Malang



This researchis aimed to determine the financial literacy of students of Faculty of Economics in terms of their understanding of the credit card. The results show that two out of ten respondents who knew about the interest rate they paid. The explanation for this research relates to the fact that most credit card bills were paid by their parents and even their credit card applications were approved because of their parent’s application, so that they thinkthere is no need to know things like interest rate and others. In addition we found that these students have low financial literacy as only two out of ten students who understand things about basic finances.


Keywords: Financial Literacy, Credit Card, Non-CashPayment, Plastic Cards

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