HDFC Bank credit card segment

portfolio. Credit card, as many of the people might know, is a sort of pecuniary instrument that serves people by offering credit at the time when they need the most. Also known as ‘plastic money’, credit cards rose to fame in early 2000s when it was known as a financial instrument intended exclusively for business class people and for those who are from rich and well-to-do family class. However exactly speaking the idea of credit cards were conceptualized to cater to the business needs of enterprises and sole-proprietors.

But as competition grew, numerous changes saw credit cards becoming suitable for upper middle class and sections other than that. However, with emergence of debit