[ad_1] Credit Card Additions and Expenses Climb Fastest May In recent quarters, underscoring the fading effect of Covid-induced disruptions on consumption habits, a growing number of urban Indians have taken long holidays and bought high-ticket discretionary items after being nearly padlocked for two consecutive summers. The banking industry added 1.7 million cards in May, the highest in 27 months. Extraordinary Loan It was the highest ever on credit cards, breaking the ₹1.54-lakh-crore mark. “The latest data shows that credit card spend have been very strong, touching an all-time high (up…
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Credit Cards: Track Your Card Usage Ratio
[ad_1] With increasing digitisation, the usage of credit cards is increasing and banks are offering attractive benefits such as cashback, discount coupons and reward point benefits to attract new customers. Many people hold multiple credit cards, especially co-branded cards that offer rewards on purchases of air tickets, train tickets, fuel surcharge waivers, etc. Use Card Responsibly While there are benefits to having multiple cards, you must use them responsibly. Establish a good credit history with a vanilla card and then add some premium cards based on usage and specific purchases.…