Credit cards have majorly transformed a cash-intensive economy like India post the demonetization. People now prefer to use plastic money for transactions across various verticals. The primary reason behind its increased usage is the convenience that these cards provide. Besides making a credit card payment for product purchases, users can now pay their utility bills every month through the card.
Credit card statistics to note
As of July 2019, the total number of credit cards stands at 50.3 million.
Around 10.8 million credit cards were added from September 2018 to September 2019.
The total amount of transactions (2018 – 19) made with credit cards is Rs. 6.07 Lakh Crore.
Credit card transactions increased by 29.8% at POS terminals.
Availing the best credit card
Financial organizations in India offer different types of credit cards with varying features and benefits. It is essential to choose the best credit card as per your requirements.
One of the leading NBFCs, Bajaj Finserv brings power-packed cards with exclusive features. Not only utility bills, but the Bajaj Finserv RBL Bank SuperCard enables users to make substantial purchases with easy EMIs. You can easily apply for the card on meeting the eligibility criteria. Additionally, existing customers can enjoy customized pre-approved offers.
The NBFC also provides exclusive pre-approved offers that simplify the procedure and save time. These offers are available on credit cards, home loans, business loans, personal loans, and a plethora of financial products. You can check your pre-approved offers with a few details instantly.
To ensure you pick the right one, check out the various types of credit cards available, know their features, and avail one which best suits your needs. Responsibly utilize the credit money to pay monthly bills and save more on your expenses easily.
