Finance
DoggfatherCredit Card Vibes: Spendin' Dips While Cards Keep Rollin'
Yo, in January 2026, the Indian credit card scene got a little twist, g. While banks be stackin' them cards, spendin' took a chill pill, droppin' 3.5% MoM to ₹17,060. Top dogs like SBI and ICICI felt the heat, but HDFC slid in smooth, gainin' market share. It’s all about keepin’ it real with small-ticket buys now, rather than big splurges, fo’ shizzle.
few days ago | Sunainaa Chadha
Quick rundown
1.Credit card spending in India saw a 2.7% MoM decline in January 2026.
2.HDFC Bank gained market share despite a softer decline in spending.
3.Top four banks accounted for 76.5% of total industry spends.
4.Transaction volumes remained flat MoM but grew 24.9% YoY.
5.Credit card market shows a shift towards smaller, frequent transactions.
