Credit cards have become an important part of our lives today. The number of credit card users is continually increasing. People use credit cards more, especially during the holiday season. In this article we tell you what people buy the most through credit cards in the country and how they buy.
Due to cashback offers available on credit cards and offers available on e-commerce platforms like Amazon and Flipkart, the number of people making credit card payments has increased. According to Paisabazaar report, around 80 per cent of credit card users made purchases during the festive season.
Online shopping increased
Among those who paid with credit cards, about 48 percent made purchases through online means. This means that more people have used credit cards to shop on e-commerce platforms like Amazon and Flipkart. At the same time, only 7 percent of people have gone to the store and made purchases.
Why do people buy online?
During the holiday season, people have made more purchases through online means. There are two main reasons behind this. The first is the discount available on e-commerce sites and the second is the free EMI. During the festive season, companies like Amazon and Flipkart organize sales, during which they offer huge discounts to people who pay with credit cards. On the other hand, most of the people use the EMI facility, so also people are more attracted to online payment.
Apart from this, credit card companies also offer some reward points when making online payments, so users prefer to shop online more than buying products offline. Credit card companies also play a role in increasing people’s inclination towards online shopping.
