6 days ago
Credit Card Spending Tops Rs 2 Lakh Crore in July
People in India used credit cards to spend Rs 2.08 lakh crore in July 2026.
This was more than they spent in June and in July 2025.
Most of the money was spent online rather than in physical shops.
People used cards for shopping, travel bookings, food delivery, bills and entertainment.
India also had more than 122 million credit cards in use.
The number of card transactions grew quickly.
However, people spent less money on each transaction on average.
This suggests that cards are being used more often for smaller everyday purchases.
Big cities still use the most credit cards, but smaller cities are growing too.
Credit card spending reached Rs 2.08 lakh crore in July 2026, up from Rs 2.01 lakh crore in June and Rs 1.93 lakh crore in July 2025.
Online purchases accounted for 62.1 percent of credit card spending by value in May 2026, exceeding physical point-of-sale payments.
India had 122.86 million outstanding credit cards in July, an increase of about 1.26 million cards from June.
Transaction volume rose 24.5 percent year-on-year to 605.3 million, while average spending per transaction fell to around Rs 3,440.
Mumbai, Delhi-NCR and Bengaluru remained leading markets, while credit card use continued expanding in smaller cities.
- Who
- Indian credit card users, banks and merchants.
- What
- Credit card spending reached Rs 2.08 lakh crore, with online payments accounting for most spending by value.
- Where
- Across India, led by Mumbai, Delhi-NCR and Bengaluru, with expanding use in Tier-2 and Tier-3 cities.
- When
- July 2026, with channel data cited for May 2026 and comparisons with June 2026 and July 2025.
- Why
- Greater card issuance, wider merchant acceptance, online shopping and growing use of digital payments are driving the increase.
Key facts
- July spending
- Rs 2.08 lakh crore
- June spending
- Rs 2.01 lakh crore
- Online share
- 62.1 percent of credit card spending by value in May 2026
- Outstanding cards
- 122.86 million in July 2026
- Transaction volume
- 605.3 million, up 24.5 percent year-on-year
- Average transaction
- Around Rs 3,440, down from Rs 3,987
- Annual card-base growth
- Nearly 10 percent compared with July 2025
Sources
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