RCBC: Credit-card use to surge via gift-giving, gadgets

Quick Summary:

FILIPINO gifting traditions and the desire to upgrade gadgets will fuel a surge in credit card use in the last quarter of the year, according to the Rizal Commercial Banking Corp.(RCBC).

The RCBC executive said credit card use among its current and new cardholders have increased.

Last year, the increase in spending for the fourth quarter compared to the third quarter was nearly 20 percent,” Ong said.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Year Travel Purchases Spending Quarter Bank Cardholders Percent Card Rcbc Credit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 16:04:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24143817

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 49 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 17 hours ago

Coverage Areas: Philippines

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