Revolving versus Convenience Use of Credit Cards: Evidence from U.S. Credit Bureau Data

Revolving versus Convenience Use of Credit Cards: Evidence from U.S. Credit Bureau Data

Scott L. Fulford, Scott Schuh

Journal paper

Journal of Money, Credit and Banking

2023

Fulford conducted some of this work while he was on the faculty at Boston College and a visiting scholar at the Consumer Payments Research Center at the Federal Reserve Bank of Boston. He would like to thank the Bank and the Center for their knowledge and help. The views expressed in this paper are the authors' and do not necessarily reflect the official position of the Consumer Financial Protection Bureau (CFPB) or the United States. The CFPB's Office of Research reviewed the paper prior to making it public and the Federal Reserve Bank of Boston reviewed previous versions. A previous version of this paper circulated under the title “Consumer revolving credit and debt over the life cycle and business cycle” and is posted as Federal Reserve Bank of Boston Working Paper 15-17. We thank David Zhang for his excellent research assistance. This paper has benefited from the comments of Bob Triest and participants at the 2015 Canadian Economics Association, the 2015 Boulder Summer Conference on Consumer Financial Decision Making, the FDIC Consumer Research Symposium, and seminars at the Federal Reserve Bank of Boston, the Bank of Canada, and the CFPB. Schuh conducted some of this work while Director of the Consumer Payments Research Center at the Federal Reserve Bank of Boston.