The middle-income sector would be the most inclined to avoid using credit cards in the current economic crisis.
To overcome the reduction in plastic money transactions, credit card issuers have adopted various measures such as promotions.
In his article in Elfinancierocr.com, Esteban Ramírez Castro said that "the study also found that the penetration of credit cards within Costa Rican households is still weak. Only 32% of households claimed to have this type of financial product. The major coverage of the cards is found in the segment of people with high purchasing power (75%), followed far behind by the middle level (40%)."
A third of the households in Costa Rica have been making severe adjustments in expenditures, primarily those made outside the home.
At the request of El Financiero, the School of Statistics at the University of Costa Rica did a survey "Costa Rican Households on the Face of the Crisis," which revealed the magnitude of changes in consumption caused by the economic crisis.
During the first quarter of 2013, public sector consumption increased by 7.6%, while the private sector reported a 9.7% rise.
In the public sector, growth represented a total of $1,558 million in expenses. In the private sector, the increase in consumption was due to the collection of taxes on transfer of property and services.