From The Economic Times · Saloni Shukla · · 1m
Credit card spending drops 2.8% in August
Credit card spending fell 2.8% in August as new card additions slowed.
In brief
Credit card spending fell 2.8% in August as new card additions slowed. Credit card spending dropped 2.8% to ₹2.02 lakh crore in August, with new card additions declining 5.6% month-on-month. Originally reported by The Economic Times.
August credit card spending
Credit card spending decreased by 2.8% to ₹2.02 lakh crore from July's ₹2.08 lakh crore.
Spending decline in absolute terms
Spending fell ₹5,737 crore month-on-month, taking the total to ₹2.02 lakh crore.
Year-on-year spending growth
Credit card spending rose 5.9% year-on-year to ₹1.91 lakh crore in August 2025.
New credit card additions
Banks added 1.19 million credit cards in August, down 5.6% from July's 1.26 million.
Credit card base growth
The card base grew to 124.1 million at the end of August from 122.9 million a month earlier.
Year-on-year card base growth
The card base was 10.3% higher than 112.5 million a year earlier.
The short version
Credit card spending dropped 2.8% to ₹2.02 lakh crore in August, with new card additions declining 5.6% month-on-month.
