Money9: What do you use your credit card for?

Do you also use a credit card, if yes, for what purpose? In a survey of Money 9, many shocking things have come to the fore. read here

Why do you use Credit Card?

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Money9: If you have to take a loan to buy ration for the house, to fill oil in the vehicle or to pay the fees of the children, then you will not understand the economic condition of such a family. And if you do all this work with a credit card, then no one will raise any questions. But there is not much difference between doing all this work by taking a loan and such purchases with credit and most of the people who have credit cards in the country use them for all these works.

7 percent people use credit card

Money 9’s Personal Finance Survey has revealed that about 7 percent of the households in the country use credit cards. Among card holders, 50 percent people use it to buy groceries, 47 percent to fill oil in their vehicle, 38 percent to buy clothes and 33 percent to pay children’s fees or pay electricity and water bills.

Apart from this, credit cards are also used for buying tickets, buying fridge or TV for home and even repaying loan installments.

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For more on economy news, download the Money9 app and watch today’s Money Central program. Money9 editor Anshuman Tiwari elaborates on economic topics in Money Central programme.

What is Money9?

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Money9’s OTT app is now available on Google Play and IOS. Everything related to your money happens here in seven languages. This is a unique experiment of its kind. Here things related to stock market, mutual funds, property, tax, economic policies etc. are done which affect your pocket and your budget. So what are you waiting for, download the Money9 app and enhance your financial understanding because Money9 says that if there is understanding then it is easy.