UBRD: Customers Use Credit Cards to Buy Food, Clothes

17 November 2017 (15:20)

UrBC, Yekaterinburg, November 17, 2017. The Ural Bank for Reconstruction & Development (UBRD) looked into its credit card holders’ spending behavior in July through October 2017, the bank’s press service reports.

According to their findings, customers mostly use their credit cards to pay for food items (20%), clothes and footwear (14%), and building materials (9%), as well as to pay their housing bills or pay at beauty parlors and to taxi drivers and haulers.

‘This kind of spending seems in full harmony with the purpose people applying for credit cards state in their applications: an extra source of cash that helps to get by before pay day or an alternative to a small consumer loan,’ says the bank’s Private Customer Business Development Director Elena Babina.

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