High-Value Festive Spends Take the Spotlight; 42% Spent over Rs. 50,000 on their Credit Cards this Diwali: Paisabazaar Survey

• 91% planned purchases around card offers; cashback was the most valued reward • 48% preferred a mix of online and offline for their Diwali spends A survey by Paisabazaar, India’s leading marketplace for consumer credit and other financial products, revealed that over 42% of credit card users spent more than Rs. 50,000 on festive shopping this year, underscoring a growing appetite for high-value purchases. 22% of the respondents spent between Rs. 50,000 and Rs. 1 lakh, while 20% spent above Rs. 1 lakh on their credit cards during Diwali. The survey with over 2300 respondents revealed that home appliances (25%), mobiles, gadgets & accessories (23%), and apparel (22%) were the top three spend categories on credit cards in the festive season, followed by furniture and décor (18%). Gold & jew