40% of consumers prefer credit card for shopping
Most preferred credit cards among consumers include the Axis Bank MyZone credit card, IDFC Bank Millenia credit card, and ICICI Bank Platinum chip credit card
image for illustrative purpose
More and more people now opt for the right credit card for them, but not just this; they're making sure they spend their money well. People are also focused on maximsing their benefits
Reason for Surge in Usage
- Rewards and cashback offers help during the festive season
- Convenience of not carrying cash, has added security make it no-brainer
- Credit cards add a layer of happiness to celebrations
Mumbai: With the onset of the festive season, a study reveals that the consumer preference for credit cards during the festive season. Basis the internal data-driven insights - an online marketplace of credit products (credit cards & loans) stated that approximately 40 per cent of consumers have opted for credit cards as their preferred mode of payment for festive shopping.
Further the insights revealed that the most preferred credit cards among consumers include the Axis Bank MyZone credit card, IDFC Bank Millenia credit card, and ICICI Bank Platinum chip credit card.
Talking to Bizz Buzz, Gaurav Chopra, Founder & CEO of IndiaLends says, “I believe using credit cards during festive shopping is a game-changer. Firstly, the rewards and cashback offers help you during the festive season. It's like getting gifts for yourself while buying for others. Plus, the convenience of not carrying cash and the added security make it a no-brainer. It's about smart spending and enjoying perks – a win-win festive strategy.”
Interestingly, certain credit cards, such as Axis Bank MyZone, IDFC Bank Millenia, and ICICI Bank Platinum chip, are leading the pack.
Commenting on it, he said that these standout credit cards, like Axis Bank MyZone, IDFC Bank Millenia, and ICICI Bank Platinum chip, are everyone's go-to for festive spending. Their customised benefits, from accelerated rewards to special discounts, cater to their needs. What's even better is their banks' user-friendly experience and responsive customer service. It's not just about having a card; it's about having a festive season ally that goes the extra mile.
More and more people now opt for the right credit card for them, but not just this; they're making sure they spend their money well. People are also focused on maximising their benefits. Whether it's cashback, rewards, or exclusive deals, your credit cards add a layer of happiness to your celebrations.
Festive season shopping reflects not just purchases but emotions. It's a time when consumers blend celebration with conscious choices, seeking value and joy in every transaction, he said.
