Credit card usage rising rapidly

The credit card usage is increasing rapidly, with 57 per cent of the cardholders doing transactions more than they did a year ago, and more people want to join the plastic credit line, says a survey.

The findings are based on a survey conducted by TransUnion-Cibil, which surveyed 1,088 urban adults online between July 13 and 18. “The results demonstrate a clear increase in credit card use among urban consumers over the last 12 months as more than half (57 per cent) of credit card holders reported using their credit cards more often now than they did a year ago,” the survey said.