Even before the festive season in the country, Bank of Baroda's credit card unit BOBCARD Limited has given a gift to its customers. Under this, BOBCARD has announced more than 500 festive deals with the aim of enhancing the shopping experience for its customers.

Discount up to Rs 1 lakh
Under this offer named 'Festive Shopping Rewards', discounts of more than Rs 1 lakh will be available on Amazon, Flipkart, Myntra and other different platforms. These festive offers will be available throughout the month of October 2024. This will include 10% instant discount on purchases up to Rs 9,750 on Amazon and similar discounts on Flipkart, JioMart and Croma. Its other brands include Meesho, Zomato and Swiggy. Different promotional discounts will be available on these too.

No-cost EMI on e-commerce and travel platforms
Apart from these discounts, Bobcard is offering 'no-cost EMI' plans on major e-commerce platforms, making it easier for customers to manage their festive shopping. The deals also include discounts on travel bookings with MakeMyTrip and Goibibo, as well as grocery savings from Zepto and Big Basket.

Decrease in credit card spend
Bobcard's festive offers come at a time when credit card spends have come down due to the Shraddha season in the country. Meanwhile, spending patterns have been cautious during the festive season and regulatory focus is on unsecured lending.

August data shows that the pace of spending in the month is slowing down, coming down to 13% year-on-year. It was around 19% in July. This decline is due to the decrease in the increasing number of cards and slow growth in per card spend. August was the fifth consecutive month in which net card additions were less than 1 million.