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Behind the Convenience: Exploring the Dangers of Default Payment Settings in Credit Card Repayments

Research output: Contribution to conference - Without ISBN/ISSN › Conference paper › peer-review

Published

Standard

Behind the Convenience: Exploring the Dangers of Default Payment Settings in Credit Card Repayments. / Awanis, Sandra.
2024. Paper presented at Association of Consumer Research (ACR) Asia Pacific Conference , Bali, Indonesia.

Research output: Contribution to conference - Without ISBN/ISSN › Conference paper › peer-review

Harvard

Awanis, S 2024, 'Behind the Convenience: Exploring the Dangers of Default Payment Settings in Credit Card Repayments', Paper presented at Association of Consumer Research (ACR) Asia Pacific Conference , Bali, Indonesia, 8/07/24 - 11/07/24. <http://www.apacr2024.com/_files/ugd/dec521_f80857fe8b14455baa4a94dfbc3f2dfe.pdf>

APA

Awanis, S. (2024). Behind the Convenience: Exploring the Dangers of Default Payment Settings in Credit Card Repayments. Paper presented at Association of Consumer Research (ACR) Asia Pacific Conference , Bali, Indonesia. http://www.apacr2024.com/_files/ugd/dec521_f80857fe8b14455baa4a94dfbc3f2dfe.pdf

Vancouver

Awanis S. Behind the Convenience: Exploring the Dangers of Default Payment Settings in Credit Card Repayments. 2024. Paper presented at Association of Consumer Research (ACR) Asia Pacific Conference , Bali, Indonesia.

Author

Awanis, Sandra. / Behind the Convenience : Exploring the Dangers of Default Payment Settings in Credit Card Repayments. Paper presented at Association of Consumer Research (ACR) Asia Pacific Conference , Bali, Indonesia.

Bibtex

@conference{3ab6c20d6ae3415998bda01b27036239,
title = "Behind the Convenience: Exploring the Dangers of Default Payment Settings in Credit Card Repayments",
abstract = "Contrary to common assumptions that autopay helps consumers manage their finances, this research shows that autopay reduces credit card repayments compared to active choice repayments. Further, it creates to a 'sticky' default effect, where consumers develop scope insensitivity to total debt that is impervious to incentives, precommitment and disclosure.",
keywords = "credit card repayment, default effect, consumer debt, automated repayment, scope insensitivity, goal pursuit",
author = "Sandra Awanis",
year = "2024",
month = jul,
day = "11",
language = "English",
note = "Association of Consumer Research (ACR) Asia Pacific Conference ; Conference date: 08-07-2024 Through 11-07-2024",

}

RIS

TY - CONF

T1 - Behind the Convenience

T2 - Association of Consumer Research (ACR) Asia Pacific Conference

AU - Awanis, Sandra

PY - 2024/7/11

Y1 - 2024/7/11

N2 - Contrary to common assumptions that autopay helps consumers manage their finances, this research shows that autopay reduces credit card repayments compared to active choice repayments. Further, it creates to a 'sticky' default effect, where consumers develop scope insensitivity to total debt that is impervious to incentives, precommitment and disclosure.

AB - Contrary to common assumptions that autopay helps consumers manage their finances, this research shows that autopay reduces credit card repayments compared to active choice repayments. Further, it creates to a 'sticky' default effect, where consumers develop scope insensitivity to total debt that is impervious to incentives, precommitment and disclosure.

KW - credit card repayment

KW - default effect

KW - consumer debt

KW - automated repayment

KW - scope insensitivity

KW - goal pursuit

M3 - Conference paper

Y2 - 8 July 2024 through 11 July 2024

ER -