are you using your credit card more than before? Is it the upcoming festive season or just you ensuring you get all you need or want? Well, it turns out you are not alone. As per the latest data released, credit card spending has surged to a record high in India. In fact, the amount transacted via credit cards is as much as rupees 1.48 LAC euros in August as against 1.45 LAC euros in July. So why exactly is this happening now? Experts believe this rise in spending is showing the rising trend that people, in fact are borrowing more to spend. However, another factor that is resulting in this record surge in the use of that credit card is the aggressive retail push on offline and online platforms ahead of the festive season. And important to note here that this jump in spending is in line with the latest data reflecting a fall in household savings
