Archive · 25 Jul 2025
RBI Data: Credit Card Spending Declines Marginally in June
Imagine people using credit cards to buy things.
In June, they didn't use them as much as they did in May.
The money spent using credit cards at stores went down a little.
The money spent online also went down.
The number of credit cards people had didn't change much.
Also, a study found that most people who don't make a lot of money use credit cards.
Credit card spending in June showed muted growth compared to May, according to RBI data.
Total credit card transactions at POS terminals in June were ₹67,000 crore, down from ₹69,600 crore in May.
Online credit card transactions in June were ₹115,000 crore, a decrease from ₹120,000 crore in May.
The number of outstanding credit cards remained flat, with approximately 111.2 million cards in June.
A study revealed that 93% of salaried individuals earning under ₹50,000 per month use credit cards.
- Who
- Consumers and credit card providers.
- What
- Credit card spending and outstanding card numbers.
- When
- June, compared to May
- Where
- India
- Why
- The report doesn't explicitly state the reason.
Overall Trends
Bank Specific Data
Card Spending
Overall Trends
Credit card spending growth muted
Bank Specific Data
Card numbers were flat
- POS Spending (June)
- ₹67,000 crore
- POS Spending (May)
- ₹69,600 crore
- Online Spending (June)
- ₹115,000 crore
- Online Spending (May)
- ₹120,000 crore
- Outstanding Cards (June)
- 111,197,361
- Outstanding Cards (May)
- 111,197,596
- Salaried with credit cards
- 93% (earning under ₹50,000)