Festival spending: Maximise rewards with right cards, stick to planned buys
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar pointed out how buyers, sellers and card issuers all gain from festive deals. He suggested making a list of planned purchases, keeping card EMIs within a limited share of take-home income, and using liquid savings or cheaper loans to clear card dues.
More of Abhishek's views on money management
The article looks at the rise in credit card spending during the festive season and the risk of overspending through card offers and EMI deals. It covers costly cash withdrawals on cards, the interest trap of paying only the minimum due, late payment penalties, and ways to manage existing card debt.
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Festival spending: Maximise rewards with right cards, stick to planned buys