Credit card usage in India set a new record in September 2025. A total of Rs 2.17 lakh crore worth of transactions were recorded. This showed a growth of 14% compared to the month of August. This increase was mainly due to the start of the Dussehra season, the timing of festivals, cashbacks and price discounts offered by banks. In fact, consumers showed high interest in online shopping, travel, and lifestyle product purchases.
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According to market analysts, there are more internal reasons for this increase. In particular, the sales offered by e-commerce platforms on a large scale, as well as the EMI facilities offered by banks, have further encouraged the use of credit cards. Compared to September last year, this time the spending has increased by almost 23% (from 1.76 lakh crore to 2.17 lakh crore). Moreover, the purchases of Rs. 2.015 trillion recorded in March 2025 also indicate that this trend is continuing.
Consumer psychology has undergone a key shift in the post-pandemic economic revival. Increased confidence in digital transactions, secure payments, and some reductions in GST rates have further accelerated consumption. Banking experts predict that this trend is likely to continue with the upcoming Diwali season. Credit card usage has now become a key economic indicator driving the Indian retail market.
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