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Credit card usage spikes 30%
October 03, 2025
|Financial Express Chandigarh
"SPENDING IS HAPPENING across both discretionary and non-discretionary categories," said Salila Pande, MD & CEO of SBI Card, noting that the surge is visible in e-commerce, travel and high-frequency retail segments such as electronics, fashion and dining.
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Most credit card players have observed a 15-40% rise in credit card spending post-GST reforms.Ravindra Rai, MD & CEO of BOBCARD, added,"We are anticipating further acceleration (in spends) as the festive season unfolds."
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