Credit Card Spending Jumps 6% to ₹1.94 Lakh Crore in July: RBI Data

Credit card transactions reached ₹1.94 lakh crore in July 2025, up 6% from ₹1.83 lakh crore in June, according to Reserve Bank of India (RBI) data. On a yearly basis, spending increased 12% from ₹1.72 lakh crore in July 2024.

Breakdown of Transactions

Point-of-sale (POS) transactions with credit cards amounted to ₹70,380 crore in July, reflecting a 4.3% increase over June. Other credit card transactions, including online payments, rose 6.7% to ₹1,23,469 crore during the same period.

Card Issuance and Circulation

The total number of credit cards in circulation grew to 11.16 crore in July 2025, after the addition of 4.26 lakh new cards. This compares with 10.45 crore cards in July 2024 and 10.98 crore in March 2025. Debit card usage also expanded, with 101 crore cards in July 2025, higher than 96.32 crore a year earlier.

Payment Infrastructure

As per RBI data, the number of QR codes issued rose to 68.81 crore in July 2025, against 67.83 crore in June 2025. The count of micro ATMs also inched up, reaching 1.47 crore compared to 1.46 crore in the previous month.

International Transactions

International credit card spending declined 9.5% to ₹7,467 crore in July from ₹8,251 crore in June 2025. International debit card spending, however, moved up slightly to ₹2,247 crore from ₹2,182 crore a month earlier.

Read More: UPI Hits 700 Million Daily Transactions for First Time Amid Calls to Reinstate MDR!

Conclusion

Credit card spending in India touched a new high in July, supported by higher in-store and online transactions, an increase in card circulation.

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