Credit cards have become an important part of our lives today. The number of credit card users is continuously increasing. People use credit cards more especially during the festive season. In this article, we are telling you what people buy most through credit cards in the country and through which medium 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 payments through credit cards has increased. According to the report of Paisabazaar, about 80 percent of the credit card users have made purchases during the festive season.
Online shopping increased
Among those who paid through credit cards, about 48 percent made purchases through online medium. This means that more people have used credit cards to shop from e-commerce platforms like Amazon and Flipkart. At the same time, only 7 percent people have gone to the shop and made purchases.
Why do people shop online
During the festive season, people have done more shopping through online medium. There are two main reasons behind this. Firstly, the discounts available on e-commerce sites and secondly, no cost EMI. During the festive season, companies like Amazon and Flipkart organize sales, during which they offer bumper discounts to people on paying through credit cards. On the other hand, most of the people take the facility of EMI, for which also people are more attracted towards online payment.
Apart from this, credit card companies also offer some reward points on making online payments, due to which users prefer online shopping more than buying goods offline. Credit card providing companies also have a role in increasing people’s inclination towards online shopping.
