users spent a total of Rs 52,000 crore through credit cards on shopping in 2021, with the festive season clocking the highest expenditure, according to a report put out by the credit cards-focused fintech platform.
October recorded the highest expenditure on shopping, with Rs 7,535 crore being spent, the report titled Cred Insights stated.
“Another interesting trend on shopping emerged after the restrictions were eased. The spending increased gradually—July (Rs 4,758 crore), August (Rs 6,833 crore) and September (Rs 5,926 crore) compared to a combined Rs 7,624 crore in June and May.”
