The authors analyze the data of credit card holding and usage in Mexico, through a sample selection model. They find that some features of the household, such as income, head's education level and ownership of assets that can be used as collateral are related with the decision of having a credit...

We study the bancarization of marginal borrowers using credit cards and document that this process is difficult: default risk is substantial, returns heterogeneous, and account closings common. We also take advantage of a randomized control trial that varied interest rates and minimum payments...