Festive Season Shopping: The festive season has given. From Navratri to Dussehra, Deepawali and Bhai Dooj for one and a half months or two consecutive months, only festivals are festivals. The festival here means a lot of shopping along with worshiping, decorating the house, meeting people etc. And the markets are ready for this festive shopping.
Online shopping companies and banks are launching new offers so that there is no interruption in your shopping on this Dussehra or Diwali.
After the prolonged corona epidemic, enthusiasm is being seen in the market and banks along with the common man regarding this Diwali. Banks are launching a variety of new credit cards as the festive season approaches. Banks are launching credit cards with great offers keeping in mind the pockets of their customers so that the burden of festive shopping does not fall directly on your pocket.
Apart from market leaders like SBI Card and HDFC Bank, those banks are also launching new cards which till now did not offer credit cards. Now those banks are also entering the market with new products. Many bankers are focusing on their customers who have a great history.
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Kochi’s private Federal Bank entered the world of credit card business only last month with the card network ‘Visa’. A few days later, Federal Bank launched a new credit card with domestic card network RuPay.
Banks have focused their attention towards the young population of India and new products are being launched to connect the youth with credit cards. Banks believe that our youth spend lavishly. As much as the youth of India is serious about his income, he does not hesitate to spend as much.
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According to financial advisory services sector giant PwC India, India has traditionally been a market for debit cards. However, the increasing demand for credit cards in the last decade has changed this fact. Now credit cards are being used freely. People have understood the importance of credit cards.
Companies providing financial services are providing good services and new products to their customers, due to this also the trend of people has increased towards credit cards.
According to the Reserve Bank of India, the number of credit cards in the country had crossed 63.4 million at the end of July.
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Orignally published at Tailored Stash
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