{"id":44550,"date":"2026-09-22T17:04:14","date_gmt":"2026-09-22T11:34:14","guid":{"rendered":"https:\/\/www.grabon.in\/indulge\/?p=44550"},"modified":"2026-09-22T17:04:20","modified_gmt":"2026-09-22T11:34:20","slug":"credit-card-statistics","status":"publish","type":"post","link":"https:\/\/www.grabon.in\/indulge\/finance\/credit-card-statistics\/","title":{"rendered":"Credit Card Statistics India 2026: Cards in Circulation, Spends"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Indians spent <\/span><strong>\u20b923.62 lakh crore on credit cards<\/strong><span style=\"font-weight: 400;\"> in 2025-26, up nearly 12% from the previous year, according to the Reserve Bank of India (RBI). As of June 2026, there were <\/span><strong>12.16 crore credit cards in circulation<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Credit cards are still a small part of India&#8217;s overall payments system. In June 2026, they processed about <\/span><strong>58 crore transactions worth \u20b92.01 lakh crore<\/strong><span style=\"font-weight: 400;\">, compared with <\/span><strong>2,272 crore UPI transactions worth \u20b928.92 lakh crore<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This guide covers the latest <\/span><strong>credit card statistics in India<\/strong><span style=\"font-weight: 400;\">, including cards in circulation, users, spending, transactions, online and offline payments, leading issuers, market share, outstanding balances and delinquencies.<\/span><\/p>\n<h2><strong>Credit Card Statistics India 2026 (Editor\u2019s Picks)<\/strong><\/h2>\n<ul>\n<li aria-level=\"1\"><strong>12.16 crore credit cards <\/strong><span style=\"font-weight: 400;\">were in circulation in India as of June 2026.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indians spent <\/span><strong>\u20b923.62 lakh crore on credit cards <\/strong><span style=\"font-weight: 400;\">in FY2025-26, up nearly 12% from the previous year.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>5.2 crore consumers <\/strong><span style=\"font-weight: 400;\">(about 52 million) had live credit cards as of March 2026.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Credit cards processed <\/span><strong>58 crore transactions worth \u20b92.01 lakh crore<\/strong><span style=\"font-weight: 400;\"> in June 2026.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>HDFC Bank<\/strong><span style=\"font-weight: 400;\"> had the largest credit card base, with <\/span><strong>2.67 crore cards<\/strong><span style=\"font-weight: 400;\"> and a <\/span><strong>22% market share<\/strong><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Outstanding credit card balances reached <\/span><strong>\u20b93.1 lakh crore<\/strong><span style=\"font-weight: 400;\"> in March 2026.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The four largest issuers, HDFC Bank, SBI, ICICI Bank and Axis Bank, accounted for about <\/span><strong>70% of cards in circulation<\/strong><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<p><strong>Sources: <\/strong><a href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/ATM\/PDFs\/ATMJUNE202645433E9084A94D24825EE044323E189E.PDF\" rel=\"nofollow\"><span style=\"font-weight: 400;\">RBI<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.transunioncibil.com\/content\/dam\/transunion-cibil\/corporate\/documents\/Beyond-The-Swipe-Report-Digital.pdf\" rel=\"nofollow\"><span style=\"font-weight: 400;\">TransUnion CIBIL<\/span><\/a><\/p>\n<h2><strong>How Many Credit Cards Are in Circulation in India?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">India had <\/span><strong>12.16 crore credit cards in circulation in June 2026<\/strong><span style=\"font-weight: 400;\">, according to RBI data. The total crossed the 12-crore mark after banks added about <\/span><strong>11.4 lakh cards <\/strong><span style=\"font-weight: 400;\">during the month.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The card base has more than doubled since 2019. Here\u2019s how the numbers have changed over the years:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Period<\/strong><\/td>\n<td><strong>Credit Cards in Circulation<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">December 2019<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.55 crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">July 2022<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.80 crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">December 2023<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.79 crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">March 2024<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.10 crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">June 2024<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.38 crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">June 2025<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.12 crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">May 2026<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.05 crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">June 2026<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.16 crore<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-44553 aligncenter\" src=\"https:\/\/cdn.grabon.in\/gograbon\/indulge\/wp-content\/uploads\/credit-cards-in-circulation-in-india.jpg\" alt=\"credit cards in circulation in india\" width=\"1024\" height=\"630\" \/><\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/ATM\/PDFs\/ATMJUNE202645433E9084A94D24825EE044323E189E.PDF\" rel=\"nofollow\"><span style=\"font-weight: 400;\">RBI<\/span><\/a><\/p>\n<h2><strong>How Many People Use Credit Cards in India?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">About <\/span><strong>5.2 crore people in India used credit cards<\/strong><span style=\"font-weight: 400;\"> in March 2026, according to TransUnion CIBIL.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The number has grown from <\/span><strong>1.4 crore<\/strong><span style=\"font-weight: 400;\"> in March 2016, a 3.6-fold increase in 10 years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Credit card users make up about <\/span><strong>25% of India&#8217;s credit-active population<\/strong><span style=\"font-weight: 400;\">. In simple terms, about 1 in 4 people with a credit history has a credit card.<\/span><\/p>\n<h2><strong>How Many Credit Cards Does the Average Cardholder Have?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The average credit cardholder in India has about\u00a0 <\/span><a href=\"https:\/\/www.transunioncibil.com\/content\/dam\/transunion-cibil\/corporate\/documents\/Beyond-The-Swipe-Report-Digital.pdf\" rel=\"nofollow\"><strong>2.1 live credit cards<\/strong><\/a> <span style=\"font-weight: 400;\">in March 2026. This is based on 10.7 crore live credit cards held by 5.2 crore consumers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Having multiple credit cards has also become more common. The share of consumers with <\/span><strong>three or more credit cards <\/strong><span style=\"font-weight: 400;\">rose from<\/span><strong> 12% in 2016 <\/strong><span style=\"font-weight: 400;\">to <\/span><strong>22% in 2026<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Metric<\/strong><\/td>\n<td><strong>2016<\/strong><\/td>\n<td><strong>2026<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Consumers with 3+ credit cards<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12%<\/span><\/td>\n<td><strong>22%<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Consumers with live cards<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.4 crore<\/span><\/td>\n<td><strong>5.2 crore<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Live cards<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.1 crore<\/span><\/td>\n<td><strong>10.7 crore<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>How Much Do Indians Spend on Credit Cards?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Indians spent <\/span><strong>\u20b923.62 lakh crore<\/strong><span style=\"font-weight: 400;\"> on credit cards in FY2025-26, according to the RBI.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That was nearly 12% higher than the <\/span><strong>\u20b921.09 lakh crore<\/strong><span style=\"font-weight: 400;\"> recorded in FY2024-25.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Credit card spending has continued to grow alongside the number of cards in circulation, with monthly spending reaching about <\/span><strong>\u20b92.01 lakh crore in June 2026<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Financial Year<\/strong><\/td>\n<td><strong>Credit Card Spending<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">FY2024-25<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b921.09 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">FY2025-26<\/span><\/td>\n<td><strong>\u20b9<\/strong><span style=\"font-weight: 400;\">23.62 lakh crore<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">On average, each credit card transaction was worth about <\/span><strong>\u20b93,460 <\/strong><span style=\"font-weight: 400;\">in June 2026, based on RBI data.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-44554 aligncenter\" src=\"https:\/\/cdn.grabon.in\/gograbon\/indulge\/wp-content\/uploads\/indians-spent-more-on-credit-cards.jpg\" alt=\"v\" width=\"1024\" height=\"683\" \/><\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/ATM\/PDFs\/ATMJUNE202645433E9084A94D24825EE044323E189E.PDF\" rel=\"nofollow\"><span style=\"font-weight: 400;\">RBI<\/span><\/a><\/p>\n<h2><strong>How Many Credit Card Transactions Happen in India?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Credit cards processed about <\/span><strong>58.1 crore transactions in June 2026<\/strong><span style=\"font-weight: 400;\">, according to RBI data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Those transactions were worth approximately <\/span><strong>\u20b92.01 lakh crore<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Metric<\/strong><\/td>\n<td><strong>June 2026<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Credit card transactions<\/span><\/td>\n<td><span style=\"font-weight: 400;\">58.1 crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Transaction value<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b92.01 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Average transaction value<\/span><\/td>\n<td><span style=\"font-weight: 400;\">~\u20b93,460<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Online\/e-commerce transactions made up about <\/span><strong>29.21 crore transactions<\/strong><span style=\"font-weight: 400;\">, while offline payments at stores made up <\/span><strong>28.56 crore<\/strong><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The volume split was therefore almost even between online and offline payments.<\/span><\/p>\n<h2><strong>Are Indians Spending More on Credit Cards Online or Offline?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Online credit card spending is higher than offline spending by value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In June 2026, online\/e-commerce payments accounted for about <\/span><strong>63.1% of credit card spending<\/strong><span style=\"font-weight: 400;\">, compared with<\/span><strong> 36.9% <\/strong><span style=\"font-weight: 400;\">for point-of-sale transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s the breakdown by value:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Credit Card Channel<\/strong><\/td>\n<td><strong>Transactions<\/strong><\/td>\n<td><strong>Share of Volume<\/strong><\/td>\n<td><strong>Transaction Value<\/strong><\/td>\n<td><strong>Share of Value<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Online\/e-commerce<\/span><\/td>\n<td><span style=\"font-weight: 400;\">29.21 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">50.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b91.27 lakh crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">63.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">POS<\/span><\/td>\n<td><span style=\"font-weight: 400;\">28.56 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">49.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b974,262 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">36.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Other<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.36 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b9100 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">&lt;1%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">So online and offline payments are almost equal by <\/span><strong>transaction count<\/strong><span style=\"font-weight: 400;\">, but online payments account for much more of the <\/span><strong>total value<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In simple terms, Indians make almost as many credit card purchases online as they do at physical stores, but <\/span><strong>the average online purchase is larger<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-44555 aligncenter\" src=\"https:\/\/cdn.grabon.in\/gograbon\/indulge\/wp-content\/uploads\/online-vs-offline-where-indians-spend-more-on-credit-cards.jpg\" alt=\"online vs offline where indians spend more on credit cards\" width=\"1024\" height=\"718\" \/><\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/ATM\/PDFs\/ATMJUNE202645433E9084A94D24825EE044323E189E.PDF\" rel=\"nofollow\"><span style=\"font-weight: 400;\">RBI<\/span><\/a><\/p>\n<h2><strong>Which Bank Has the Most Credit Cards in India?<\/strong><\/h2>\n<p><strong>HDFC Bank has the largest credit card base in India<\/strong><span style=\"font-weight: 400;\">, with about <\/span><strong>2.67 crore cards outstanding as of June 2026<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SBI was the second-largest issuer with about 2.26 crore cards, followed by ICICI Bank and Axis Bank.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Bank<\/strong><\/td>\n<td><strong>Cards Outstanding<\/strong><\/td>\n<td><strong>Market Share<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">HDFC Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.67 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SBI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.26 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">ICICI Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.95 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Axis Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.62 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Other issuers<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.84 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.1%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">The four largest issuers accounted for about <\/span><strong>69.9% of India&#8217;s credit cards<\/strong><span style=\"font-weight: 400;\"> in June 2026.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-44551 aligncenter\" src=\"https:\/\/cdn.grabon.in\/gograbon\/indulge\/wp-content\/uploads\/credit-card-market-share-by-issuer-in-india.jpg\" alt=\"credit card market share by issuer in india\" width=\"1024\" height=\"701\" \/><\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/ATM\/PDFs\/ATMJUNE202645433E9084A94D24825EE044323E189E.PDF\" rel=\"nofollow\"><span style=\"font-weight: 400;\">RBI, bank-wise credit card statistics<\/span><\/a><\/p>\n<h2><strong>Which Banks Are Growing Their Credit Card Base the Fastest?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Banks added a net <\/span><strong>11.4 lakh credit cards <\/strong><span style=\"font-weight: 400;\">in June 2026.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">HDFC Bank added the largest number during the month, followed by SBI and ICICI Bank.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Bank<\/strong><\/td>\n<td><strong>Net Cards Added in June 2026<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">HDFC Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.64 lakh<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SBI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.63 lakh<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">ICICI Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.51 lakh<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Federal Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.01 lakh<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IDFC FIRST Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.91 lakh<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Canara Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.65 lakh<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Slice Small Finance Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.60 lakh<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">The June additions show that smaller banks are growing too. <\/span><strong>Federal Bank<\/strong><span style=\"font-weight: 400;\"> and <\/span><strong>IDFC FIRST Bank<\/strong><span style=\"font-weight: 400;\"> each added <\/span><strong>more than 90,000 cards <\/strong><span style=\"font-weight: 400;\">during the month.<\/span><\/p>\n<h2><strong>How Big Are Co-Branded Credit Cards in India?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Co-branded cards account for around <\/span><strong>17% of India&#8217;s credit card base <\/strong><span style=\"font-weight: 400;\">and <\/span><strong>18% of credit card spending<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Co-branded credit cards are issued by a bank in partnership with another brand, such as an e-commerce platform, food-delivery company, fuel company or retailer.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The partner brand typically offers cardholders rewards or other benefits linked to its products and services.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of the major co-branded cards in India include:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Co-Branded Credit Card<\/strong><\/td>\n<td><strong>Bank<\/strong><\/td>\n<td><strong>Partner<\/strong><\/td>\n<td><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.grabon.in\/indulge\/finance\/amazon-pay-icici-credit-card-review\/\" rel=\"follow\"><span style=\"font-weight: 400;\">Amazon Pay ICICI Credit Card<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">ICICI Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Amazon Pay<\/span><\/td>\n<td><span style=\"font-weight: 400;\">E-commerce<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.grabon.in\/indulge\/finance\/flipkart-axis-bank-credit-card-review\/\" rel=\"follow\"><span style=\"font-weight: 400;\">Flipkart Axis Bank Credit Card<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">Axis Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Flipkart<\/span><\/td>\n<td><span style=\"font-weight: 400;\">E-commerce<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tata Neu HDFC Bank Credit Card<\/span><\/td>\n<td><span style=\"font-weight: 400;\">HDFC Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tata Neu<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Shopping &amp; lifestyle<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.grabon.in\/indulge\/finance\/swiggy-hdfc-credit-card-review\/\" rel=\"follow\"><span style=\"font-weight: 400;\">Swiggy HDFC Bank Credit Card<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">HDFC Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Swiggy<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Food &amp; grocery<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">BPCL SBI Card<\/span><\/td>\n<td><span style=\"font-weight: 400;\">SBI Card<\/span><\/td>\n<td><span style=\"font-weight: 400;\">BPCL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Fuel<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Credit Card Market Share in India<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">HDFC Bank held the largest share of India&#8217;s credit card market in June 2026, with <\/span><strong>22% of cards in circulation<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SBI had an 18.6% share, followed by ICICI Bank at 16.1% and Axis Bank at 13.3%.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Issuer<\/strong><\/td>\n<td><strong>Credit Card Market Share<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">HDFC Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SBI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">ICICI Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Axis Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Other issuers<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.1%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Together, HDFC Bank, SBI, ICICI Bank and Axis Bank accounted for roughly <\/span><strong>7 in every 10 credit cards in India<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The market is therefore concentrated among a few large issuers, even as smaller banks continue to expand their card bases.<\/span><\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/ATM\/PDFs\/ATMJUNE202645433E9084A94D24825EE044323E189E.PDF\" rel=\"nofollow\"><span style=\"font-weight: 400;\">RBI<\/span><\/a><\/p>\n<h2><strong>Which Banks Get the Most Credit Card Spending?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">HDFC Bank accounted for about <\/span><strong>\u20b959,433 crore of credit card spending in June 2026<\/strong><span style=\"font-weight: 400;\">, followed by SBI, ICICI Bank and Axis Bank.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Bank<\/strong><\/td>\n<td><strong>June 2026 Credit Card Spending<\/strong><\/td>\n<td><strong>Spending Share<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">HDFC Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b959,433 crore<\/span><\/td>\n<td><strong>29.5%<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SBI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b941,077 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">ICICI Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b931,411 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Axis Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b922,175 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Other issuers<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b947,270 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">23.5%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">The four largest issuers accounted for about <\/span><strong>76.5% of total credit card spending<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><strong>How Much Credit Card Debt Do Indians Have?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Outstanding credit card balances reached <\/span><strong>\u20b93.1 lakh crore in March 2026<\/strong><span style=\"font-weight: 400;\">, according to TransUnion CIBIL.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That is more than <\/span><strong>eight times the \u20b90.4 lakh crore outstanding in March 2016<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><strong>Credit Card Outstanding Balances in India<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td><strong>Period<\/strong><\/td>\n<td><strong>Outstanding Credit Card Balances<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">March 2016<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b90.4 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">March 2018<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b90.7 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">March 2020<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b91.3 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">March 2022<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b92.0 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">March 2023<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b92.3 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">March 2024<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b92.6 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">March 2025<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b93.1 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">March 2026<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b93.1 lakh crore<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Credit card balances have therefore grown much faster than the number of consumers using cards.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CIBIL&#8217;s data shows that the number of consumers with live cards increased <\/span><strong>3.6 times<\/strong><span style=\"font-weight: 400;\"> from March 2016 to March 2026, while outstanding balances increased<\/span><strong> 8.3 times<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The average outstanding balance per cardholder also increased from \u20b931,000 in March 2016 to \u20b965,000 in March 2026.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-44556 aligncenter\" src=\"https:\/\/cdn.grabon.in\/gograbon\/indulge\/wp-content\/uploads\/outstanding-credit-card-debt-in-india.jpg\" alt=\"outstanding credit card debt in india\" width=\"1064\" height=\"701\" \/><\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.transunioncibil.com\/content\/dam\/transunion-cibil\/corporate\/documents\/Beyond-The-Swipe-Report-Digital.pdf\" rel=\"nofollow\"><span style=\"font-weight: 400;\">TransUnion CIBIL, <\/span><i><span style=\"font-weight: 400;\">Beyond the Swipe 2026<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/a><\/p>\n<h2><strong>How Many Credit Card Defaults Are There in India?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">TransUnion CIBIL reports credit card delinquency using <\/span><strong>days past due (DPD)<\/strong><span style=\"font-weight: 400;\"> rather than a single default rate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of March 2026, <\/span><strong>8.1% of credit card balances were 90 to 179 days past due<\/strong><span style=\"font-weight: 400;\">, while <\/span><strong>1.7% were 180 days or more past due<\/strong><span style=\"font-weight: 400;\">. CIBIL classifies the 180+ DPD category as write-offs in this analysis.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A write-off means the lender considers the debt unlikely to be recovered, although the borrower may still owe the money.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Delinquency Measure<\/strong><\/td>\n<td><strong>Share of Card Balances<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">90\u2013179 days past due<\/span><\/td>\n<td><strong>8.1%<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">180+ days past due\/write-offs<\/span><\/td>\n<td><strong>1.7%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">These figures show the share of card balances that were seriously overdue. CIBIL reports these figures as delinquency rates and not as a single default rate.<\/span><\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.transunioncibil.com\/content\/dam\/transunion-cibil\/corporate\/documents\/Beyond-The-Swipe-Report-Digital.pdf\" rel=\"nofollow\"><span style=\"font-weight: 400;\">TransUnion CIBIL<\/span><\/a><\/p>\n<h2><strong>Credit Card vs UPI in India<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">In June 2026, credit cards processed about <\/span><strong>58 crore transactions <\/strong><span style=\"font-weight: 400;\">worth <\/span><strong>\u20b92.01 lakh crore<\/strong><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">UPI processed about <\/span><strong>2,272 crore transactions <\/strong><span style=\"font-weight: 400;\">worth <\/span><strong>\u20b928.92 lakh crore<\/strong><span style=\"font-weight: 400;\"> during the same month, according to NPCI.<\/span><\/p>\n<h3><strong>Credit Cards vs UPI (June 2026)<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td><strong>Metric<\/strong><\/td>\n<td><strong>Credit Cards<\/strong><\/td>\n<td><strong>UPI<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Transactions<\/span><\/td>\n<td><span style=\"font-weight: 400;\">58 crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2,272 crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Transaction value<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b92.01 lakh crore<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b928.92 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Approx. average transaction<\/span><\/td>\n<td><span style=\"font-weight: 400;\">~\u20b93,460<\/span><\/td>\n<td><span style=\"font-weight: 400;\">~\u20b91,273<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">UPI handled far more transactions and a much higher total value than credit cards in June 2026.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, UPI includes money transfers between people, so the two figures are not a direct comparison of spending.<\/span><\/p>\n<p><strong>Source: <\/strong><span style=\"font-weight: 400;\">RBI and NPCI<\/span><\/p>\n<h2><strong>Credit Card Statistics: Key Trends in India<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The latest figures show several trends in India&#8217;s credit card market.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><strong>Credit card ownership is rising<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">India had <\/span><strong>12.16 crore credit cards in circulation in June 2026<\/strong><span style=\"font-weight: 400;\">, more than twice the card base recorded at the end of 2019.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><strong>People are holding more cards<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The share of consumers with three or more cards increased from <\/span><strong>12% in 2016 to 22% in 2026<\/strong><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><strong>Credit card spending continues to increase<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Indians spent <\/span><strong>\u20b923.62 lakh crore on credit cards in FY2025\u201326<\/strong><span style=\"font-weight: 400;\">, nearly 12% more than in the previous financial year.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><strong>Online payments account for most credit card spending by value<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Online transactions represented about <\/span><strong>63% of credit card payment value in June 2026<\/strong><span style=\"font-weight: 400;\">, even though online and POS transactions were almost evenly split by volume.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><strong>A few banks still dominate the market<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">HDFC Bank, SBI, ICICI Bank and Axis Bank together accounted for roughly <\/span><strong>70% of India&#8217;s cards<\/strong><span style=\"font-weight: 400;\"> and more than <\/span><strong>three-quarters of credit card spending<\/strong><span style=\"font-weight: 400;\"> in June 2026.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><strong>Credit card balances have grown rapidly<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Outstanding balances reached <\/span><strong>\u20b93.1 lakh crore in March 2026<\/strong><span style=\"font-weight: 400;\">, up from \u20b90.4 lakh crore a decade earlier.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><strong>Credit risk remains part of the growth story<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">CIBIL reported that <\/span><strong>8.1% of card balances were 90\u2013179 days past due<\/strong><span style=\"font-weight: 400;\"> in March 2026, while 1.7% were 180+ days past due\/write-offs.<\/span><\/p>\n<h2><strong>FAQs<\/strong><\/h2>\n<h3><strong>How many credit cards are there in India?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">India had <\/span><strong>12.16 crore credit cards in circulation<\/strong><span style=\"font-weight: 400;\"> in June 2026, according to RBI data.<\/span><\/p>\n<h3><strong>How many people use credit cards in India?<\/strong><\/h3>\n<p><strong>5.2 crore consumers <\/strong><span style=\"font-weight: 400;\">had live credit cards in March 2026, according to TransUnion CIBIL.\u00a0<\/span><\/p>\n<h3><strong>How many credit cards does the average Indian have?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">There were 10.7 crore live cards and 5.2 crore consumers with live cards in March 2026, which works out to roughly <\/span><strong>2.1 live cards per consumer<\/strong><span style=\"font-weight: 400;\">. This is a calculated figure based on CIBIL&#8217;s data, not a directly reported average.\u00a0<\/span><\/p>\n<h3><strong>Which bank has the most credit cards in India?<\/strong><\/h3>\n<p><strong>HDFC Bank<\/strong><span style=\"font-weight: 400;\"> had the largest credit card base in June 2026, with about <\/span><strong>2.67 crore cards outstanding<\/strong><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><strong>Which bank has the largest credit card market share?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">HDFC Bank had the largest share at <\/span><strong>22% of cards in circulation<\/strong><span style=\"font-weight: 400;\"> in June 2026.<\/span><\/p>\n<h3><strong>How much do Indians spend on credit cards?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Indians spent <\/span><strong>\u20b923.62 lakh crore on credit cards in FY2025-26<\/strong><span style=\"font-weight: 400;\">, up nearly 12% from the previous financial year.<\/span><\/p>\n<h3><strong>How many credit card transactions happen in India?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Credit cards processed approximately <\/span><strong>58 crore transactions in June 2026<\/strong><span style=\"font-weight: 400;\">, worth about \u20b92.01 lakh crore.\u00a0<\/span><\/p>\n<h3><strong>Is credit card usage increasing in India?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Yes. The number of consumers with live credit cards increased from <\/span><strong>1.4 crore in March 2016 to 5.2 crore in March 2026<\/strong><span style=\"font-weight: 400;\">, while live cards rose from 2.1 crore to 10.7 crore.\u00a0<\/span><\/p>\n<h3><strong>Is credit card spending higher online or offline?<\/strong><\/h3>\n<p><strong>Online spending is higher by value.<\/strong><span style=\"font-weight: 400;\"> Online\/e-commerce transactions accounted for about <\/span><strong>63.1% of credit card payment value <\/strong><span style=\"font-weight: 400;\">in June 2026, compared with<\/span><strong> 36.9% <\/strong><span style=\"font-weight: 400;\">for POS transactions. By transaction volume, the split was almost even.<\/span><\/p>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How many credit cards are there in India?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"India had 12.16 crore credit cards in circulation in June 2026, according to RBI data.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How many people use credit cards in India?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"5.2 crore consumers had live credit cards in March 2026, according to TransUnion CIBIL.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How many credit cards does the average Indian have?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"There were 10.7 crore live cards and 5.2 crore consumers with live cards in March 2026, which works out to roughly 2.1 live cards per consumer. This is a calculated figure based on CIBIL's data, not a directly reported average.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Which bank has the most credit cards in India?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"HDFC Bank had the largest credit card base in June 2026, with about 2.67 crore cards outstanding.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Which bank has the largest credit card market share?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"HDFC Bank had the largest share at 22% of cards in circulation in June 2026.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How much do Indians spend on credit cards?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Indians spent \u20b923.62 lakh crore on credit cards in FY2025-26, up nearly 12% from the previous financial year.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How many credit card transactions happen in India?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Credit cards processed approximately 58 crore transactions in June 2026, worth about \u20b92.01 lakh crore.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Is credit card usage increasing in India?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Yes. The number of consumers with live credit cards increased from 1.4 crore in March 2016 to 5.2 crore in March 2026, while live cards rose from 2.1 crore to 10.7 crore.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Is credit card spending higher online or offline?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Online spending is higher by value. Online or e-commerce transactions accounted for about 63.1% of credit card payment value in June 2026, compared with 36.9% for POS transactions. By transaction volume, the split was almost even.\"\n      }\n    }\n  ]\n}\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indians spent \u20b923.62 lakh crore on credit cards in 2025-26, up nearly 12% from the previous year, according to the Reserve Bank of India (RBI). As of June 2026, there were 12.16 crore credit cards in circulation. Credit cards are still a small part of India&#8217;s overall payments system. 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