 "Net card spending rises 60% as credit card additions rise to 4-mth high")
Spending per credit card has increased by 60 per cent in the last 4 months to Rs 17,405.62 in December 2024 amid rise in net card additions to 108.6 million, which was a 4-month high.
The per credit card spending rose by 3.20 per cent Year-on-Year (YoY) from Rs 16,865.26 in December 2023 and 8.22 per cent YoY from Rs 15,584.21 in December 2022.
In the last four months, the per card spending of the leading credit card issuer – HDFC Bank - slipped by 1.45 per cent to Rs 19,951.58, while SBI Card slipped by 1.52 per cent to Rs 12,572.33. ICICI Bank rose by 9.20 per cent to Rs 17,850.8 and Axis Bank’s per card spending increased by 15.54 per cent to Rs 13,514.96.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%