The critical metrics in evaluating the above question are value per card holder and value per transaction. The above banks do not come in the top five-card holders in India. For the month of March 2022, the most valuable cardholders and the most used cards were IndusInd Bank. The money spent on the cards of IndusInd Bank for the month of March 2022 is nearly Rs. 5700 crores. Research by the Reserve Bank of India shows that Citi India has the maximum number of credit card holders and it is ranked eighth on the list of credit cards that are most commonly used.

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What are the various benefits of a credit card?

A credit card allows the customer to buy anything whenever they wish to. There is no need to count anything or write a cheque for the merchant. This way it is easier to buy anything for the customer. In the case of recurring payments, the customer might choose to opt for a credit card so that the payments are made automatically at regular intervals. Credit cards offer many benefits such as cash backs and reward points to the customer. Credit cards might also provide accident coverage to the customers using the credit cards.

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