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Credit Card Spending Hits Seven-Month Low
The Business Guardian
|April 06, 2025
Credit card spending hit a 7-month low amid persistent decline, according to a report by ACMIIL, a stock market firm.
According to the report, total credit card spending stood at Rs 1,672 billion in February, compared to Rs 1,841 billion in January. This marks a 9 percent decline on a month-on-month (MoM) basis.
The report said, "Monthly Impact Coupled with Industry Slowdown Led to Spending Low of 7 Months".
Despite the monthly dip, credit card spending still showed a 12 percent increase compared to February 2024. However, this is much lower than the average year-on-year (YoY) growth of around 30 percent seen until January 2024, suggesting a slowdown in consumer activity.
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