60% make rewards top priority in credit card choice, reveals survey
Also Read: 4 key reasons why clearing your credit card debt improves your CIBIL score The survey also revealed that approximately half of the respondents report monthly expenditures ranging between ₹25,000 to 75,000, showcasing the diverse spending patterns among Indian consumers. Moreover, nearly 60% of respondents prioritise rewards when choosing a new credit or debit card.
Preferences range from cash back incentives to points redeemable for goods and services. This emphasis on rewards reflects a consumer base that is not only financially savvy but also discerning in maximising the value of their spending.
Also Read: CIBIL score: Using multiple credit cards? Be mindful of these 6 key points With nearly 49% of respondents utilising credit cards and UPI for regular transactions, there's a clear appetite for seamless integration between traditional credit systems and modern technologies.
This trend signals a fundamental shift in how consumers interact with and leverage financial tools in an increasingly digital world, the survey highlights.
Also Read: Maxed out your credit card? 5 consequences it may have Ashish Khandelwal, Founder of ANQ says, "Our findings underscore the importance of credit cards in the daily financial lives of Indians.
