The demand for credit cards that provide benefits on fuel has risen by 10 times owing to higher fuel prices in the country, a report by online loan and financial products aggregator BankBazaar has claimed. Separately it also stated that the average ticket size for personal loans dropped for the fourth consecutive year from Rs 1.92 lakh to Rs 1.86 lakh.
According to BankBazaar Moneymood 2022 report, “Sky-rocketing fuel prices are driving consumers to look for any and every option to discount their fuel prices, and rewards and benefits on fuel cards allow them to do this well.”
The report showcases the trends in credit purchases during the current year and the outlook for the next year.
