Credit Card Spends May 2025: There has been a sudden flood of credit card users in India. Shopping with cards has become the biggest fashion of this era if there is no money in the pocket. Its impact was seen on the largest level in May 2025. Let us know that according to the latest RBI data, in May, the expenditure from the credit card reached Rs 1.9 lakh crore. Let us know that this is 3% more than April and 15% more from the month of May last year. Talking about last year, at that time, the credit card had recorded an increase of 17% annually. Let us know that all such things are being spent the most?
Summer holidays played a big role in increasing credit card expenses. People are spending fiercely to travel and holiday. IDBI Capital analyst Bunty Chand said, “We hope that the credit card expenditure will remain stable in FY 26, as the consumer demand remains strong. The number of new cards will also improve, but banks are now becoming more vigilant. They are focusing on credit quality and focusing on cross-sailing instead of aggressively adding credits and aggressively to new customers.
SBI card was at the forefront of credit card expenses, where expenditure increased by 10% compared to April. After that RBL Bank showed an increase of 9% and Axis Bank 6%, while there was no significant change in the expenses of HDFC Bank. However, HDFC Bank was at the forefront of issuing new credit cards, which issued 2.74 lakh new cards. After this, SBI Card added 1.26 lakh and Axis Bank added more than 1 lakh new cards. IDFC First Bank also performed well by issuing 75,000 new cards. On the other hand, some banks also suffered a shock. ICICI Bank’s card base declined by more than 31,000, while RBL Bank lost more than 40,000 cards. IndusInd Bank added only 8,000 new cards, which clearly shows that it is taking a vigilant stance.
The new strategy of banks is no longer aggressive as before, rather they are now taking more vigilance and wise steps. Prakash Aggarwal, partner of Gafion Capital, said that earlier many large and medium banks were rapidly increasing their reach by giving ad-on cards to high-income customers. But when it came to the middle income group, this strategy was not as successful. Now banks are thinking more before adding new customers. He also said that the market of high -income customers is now almost filled.
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Banks are now trying to reach the middle class, but there is more risk. For this reason, banks are now focused on providing more services and products to existing customers and have become more alert to credit quality ie customers’ payment capacity.
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