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Reasons for taking out a credit card for balance-transfer clients in the UK 2015

This statistic illustrates the reasons given for taking out their main credit card by consumers who took out a credit card with little to no balance transfer fees, in the United Kingdom (UK) in November 2015. A total of 26 percent of balance transfer customers surveyed stated that they took out their credit card due to a change in personal circumstances.

Reasons that balance-transfer customers took out their main credit card in the United Kingdom (UK) November 2015

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Sources

Release date

November 2015

Region

United Kingdom

Survey time period

November 2015

Method of interview

Online survey

Supplementary notes

Balance transfer customers refers to all respondents that took out a card with little to no balance transfer fees as their main credit card.
Sample broken down as follows:
65 percent had credit card(s) and used it/them in the last 12 months. (active users): 25,879 weighted.
5 percent had credit card(s) but did not use it/them in the last 12 months. (inactive users): 2014.
30 percent did not have a credit card (non-users): 11944.

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