Shopping, food top credit card spends in ’20

NEW DELHI :
Indians used credit cards to spend more on food, groceries, shopping, and pay utility bills in 2020, as spends on travel and entertainment dipped sharply, as per data by credit card payment services company Cred that scanned spends of 1 million members across India’s top cities.

The data captures four periods, including pre-lockdown, lockdown, unlock, and the year-end festive season, across several categories such as shopping, food, utilities, travel, spends on fuel, and insurance.

Shopping, which includes apparel and electronics, and food, which includes groceries and ordering-in from eateries, saw the highest credit card spends through

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