# Credit card spending drops 2.8% in August

> Credit card spending fell 2.8% in August as new card additions slowed.
- Title: Credit card spending drops 2.8% in August · The Economic Times
- Summary: 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…
- Keywords: credit card spending, reserve bank of india, credit card additions, august 2023, spending decline, Credit, card, spending, drops, August, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/banking/finance/credit-card-spending-falls-2-8-in-august-as-new-card-additions-slow/articleshow/134468217.cms
- Author: Saloni Shukla
- Published: 2026-09-24T18:06:00+00:00
- Read time: 1 min
- Topics: credit card spending, reserve bank of india, credit card additions, august 2023, spending decline
## 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.
## Key takeaway

Credit card spending dropped 2.8% to ₹2.02 lakh crore in August, with new card additions declining 5.6% month-on-month.