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India has just hit a major financial milestone:
Credit card spending crossed ₹2 lakh crore in a single month, the highest ever recorded.
While this might seem like a sign of booming confidence and spending power—it also raises a crucial question:
Are Indians spending smart or sliding into debt?
Let’s break it down—and explore how Vizzve Finance offers a smarter alternative for emergency or planned expenses.
Why Is Credit Card Usage Soaring?
More access to credit cards among Tier 2/3 cities
Reward points, EMI offers, and buy-now-pay-later schemes
Salary stagnation + rising inflation forcing reliance on plastic money
Ease of swiping, especially for travel, electronics, and online services
What’s the Flip Side?
RBI and analysts are warning about rising unsecured debt levels.
Here’s what record spending might hide:
1. Revolving Debt
Many users pay only the minimum due, leading to 36–42% annual interest.
2. EMI Overload
Card-based EMIs often seem manageable but pile up quickly across multiple platforms.
3. CIBIL Score Risk
High utilization ratios and delays lower your credit score, affecting future loans.
Vizzve Finance: The Smarter Credit Alternative
If you're swiping your card for essentials, unplanned bills, or emergencies—consider Vizzve instead:
Why Vizzve Over Credit Cards?
| Feature | Credit Card | Vizzve Finance Loan |
|---|---|---|
| Interest Rate | 30–42% annually | Starts at 18% (flat rate) |
| Repayment | Revolving or long EMIs | Fixed EMIs (1–12 months) |
| Eligibility | Based on credit score | Based on salary & employment |
| Charges | Hidden fees, late penalties | Transparent, all-digital |
| Usage | Unrestricted | For planned short-term needs |
Credit Spike ≠ Credit Health
Just because credit spending is rising, doesn't mean it's good news.
Many are using cards out of compulsion, not confidence.
If you're one of them, Vizzve helps you regain control—no more revolving interest traps, no bill shock.
FAQs: Credit Cards vs Vizzve Loans
Q1. Can I take a loan to pay off my credit card bill?
Yes. Many Vizzve users consolidate card debt into a lower-interest EMI.
Q2. How fast is Vizzve loan approval?
Within minutes if your documents are in order. Disbursal happens within hours.
Q3. Will Vizzve loans impact my credit score?
Not negatively—if repaid on time, they can actually build a healthy credit history.
Q4. Can I use the loan for travel or gadgets?
Absolutely. Use Vizzve loans for personal needs, expenses, or emergencies.
Final Word: Credit Confidence or Credit Crisis?
The surge in India’s card spending is a double-edged sword.
Instead of blindly swiping, make informed choices.
📲 Choose Vizzve Finance for smarter borrowing.
💸 Fixed EMIs. Lower rates. More control.
Published on : 4th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.