Bangladeshis spend the most money on credit cards when visiting neighboring India. After India, Bangladeshis spend more in the United States. Visa card is most used abroad. Then MasterCard, Amex Card, Diners Card, Union Pay and JCB Card were used respectively.
According to the calculations of Bangladesh Bank, Bangladeshis spent a total of Tk. 426 crore through credit cards in the month of March. However, last March, the total expenditure on credit cards at home and abroad was Tk. 2 thousand 374 crore, which was Tk. 2 thousand 172 crore in February.
According to the first report published by Bangladesh Bank on the trend of spending on credit cards, Bangladeshis spend the most on credit cards in India as a single country. However, one-fourth of the total spending on credit cards outside the country is in India.
According to the report of the Central Bank, Bangladeshis spent Tk. 73 crore through credit cards during their trip to India in February this year. 103 crore spent on credit cards in March.
According to the report, Bangladeshis spend the second highest amount on credit cards in the US after India. Bangladeshis who visited the United States in March spent about 51 crore taka in this sector. In the same month, they went to Thailand and spent 42 crores through credit card. After that, Bangladeshis spent Tk. 41 and Tk. 34 crore respectively through credit cards in Dubai and Singapore.
According to the Central Bank report, the countries where Bangladeshis have spent the most through credit cards include the United Kingdom, Saudi Arabia, Malaysia, Canada, the Netherlands, Ireland and Australia. In the month of March, Bangladeshis made purchases worth 157 crore taka in foreign super shops. They bought medicines worth Tk. 61 crore, bought clothes Tk. 46 crore and spent Tk. 29 crore on travel. Among the significant sectors of expenditure are cash withdrawals, business-services, professional-services and government-services consumption.