Knowledge of Financial Credit and Credit Card Ownership: Empirical Evidence in Workers in the Private Security Sector in Mexico

Using physical and digital credit cards substantially enhances user convenience and incorporates technological advancements that can influence financial behaviors, including usage and payment practices. This study analyzes the financial literacy of 355 employees from a private enterprise in relation to their knowledge, ownership, and use of credit cards. The research adopts a descriptive, correlational, non-experimental, and cross-sectional approach. It investigates the relationship between credit card ownership and sociodemographic variables, employing the binomial Logit model to identify pertinent factors. The principal results indicate that 58.4% of participants do not utilize credit cards. Among those who do, 26.0% make payments to avoid accruing interest, while 15.5% settle their balances in full. The correlational analysis demonstrates that individuals over 40 are less likely to possess a credit card. In contrast, those with incomes exceeding two or three minimum wages are likelier to hold a credit card than other respondents. These findings may inform the development of financial education programs focusing on the effective use and benefits of credit.