Can you assist me with the break up of credit card usage in india ?
e.g if 87% of total expenditure is done on credit card, out of which 8-10% on apparel and so on for other spend categories..
Try find something - RUSEQUITY.COM or RUFUNDS.com - the best information sites about finance.
Bankby.mobi - the best site for mobile search.
Found this here:http://www.squidoo.com/Credit-card-in-india
Credit card improved statistics in India
The advent of credit cards have not just improved the buying power of individuals, but has also made it quite imperative for the vendors to be ready with their card swiping machines, or else they would end up losing big money.
Since the latest statistics from the credit card companies elucidates that consumers spend nearly Rs 50,000 crore annually through credit cards, which is expected to grow at 50 percent over the next 4-5 years.
At present, about 87 percent of the entire plastic money transaction is done through credit cards. Further figures state that while travel and hotel bills along with dining, account for nearly 25-35 percent of the total purchases, jewellery purchase accounts for a staggering 10-11 percent. This is followed by apparel purchase at 8-10 percent and consumer durables at 6-7 percent.
"Travel has definitely become much larger a segment than what it was two years ago. Airline tickets, both domestic and international, are now bought through credit cards making it the largest category for credit card purchases," said an industry expert who did not wish to be identified.
by Uneducated opinio5 years ago
Try and refrain from using a credit card for any purchases that are not a necessity. Things want should he paid in full to avoid getting stuck in ungodly amounts of debts. I learned this lesson a little late but I did...
by Davinagirl36 years ago
My husband and I are looking to buy a house in the upcoming year. We have run into some trouble looking for a lender because our credit is, for lack of a better term, crap! I am looking for ideas on how to...
by Rebecca Graf7 years ago
What questions would you like to see answered about credit card debt?
by sandra rinck8 years ago
Let me start off with roolllff! Everytime I look at a bill I get sick, everytime I need to bust out a credit card just to make it to the next month I wanna puke. Trying to get along in a busting economy is...
by first million8 years ago
is anyone able save money?
by alaze20038 years ago
Now, what comes to your mind when you think of credit cards? Well, to some people it means having alot of extra cash that doesn't belong to us, at that moment, but we have an option to spend it. If decided to spend the...
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