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
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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Financial Conduct Authority. (November 3, 2015). Reasons that balance-transfer customers took out their main credit card in the United Kingdom (UK) November 2015 [Graph]. In Statista. Retrieved December 08, 2024, from https://www.statista.com/statistics/510240/balance-transfer-customers-reasons-for-taking-out-credit-card-united-kingdom/
Financial Conduct Authority. "Reasons that balance-transfer customers took out their main credit card in the United Kingdom (UK) November 2015." Chart. November 3, 2015. Statista. Accessed December 08, 2024. https://www.statista.com/statistics/510240/balance-transfer-customers-reasons-for-taking-out-credit-card-united-kingdom/
Financial Conduct Authority. (2015). Reasons that balance-transfer customers took out their main credit card in the United Kingdom (UK) November 2015. Statista. Statista Inc.. Accessed: December 08, 2024. https://www.statista.com/statistics/510240/balance-transfer-customers-reasons-for-taking-out-credit-card-united-kingdom/
Financial Conduct Authority. "Reasons That Balance-transfer Customers Took out Their Main Credit Card in The United Kingdom (Uk) November 2015." Statista, Statista Inc., 3 Nov 2015, https://www.statista.com/statistics/510240/balance-transfer-customers-reasons-for-taking-out-credit-card-united-kingdom/
Financial Conduct Authority, Reasons that balance-transfer customers took out their main credit card in the United Kingdom (UK) November 2015 Statista, https://www.statista.com/statistics/510240/balance-transfer-customers-reasons-for-taking-out-credit-card-united-kingdom/ (last visited December 08, 2024)
Reasons that balance-transfer customers took out their main credit card in the United Kingdom (UK) November 2015 [Graph], Financial Conduct Authority, November 3, 2015. [Online]. Available: https://www.statista.com/statistics/510240/balance-transfer-customers-reasons-for-taking-out-credit-card-united-kingdom/
