New Delhi, May 22 -- India's rapidly evolving digital economy and payments ecosystem is reshaping the way citizens spend money, including retirees and senior citizens. Credit cards, for instance, were largely associated with salaried professionals. However, many retirees are now using credit cards for comfort, convenience and to meet emergency liquidity needs. Not only this, but credit cards also help provide retirees with lucrative rewards.

A disciplined use of these credits is important, especially after retirement, when monthly income may be limited, curtailed, or fixed for various reasons.

Let us look at how credit card usage has evolved in the country over the last few years, along with the pros and cons of using credit cards for s...