Credit Card Spending at an all time high

[Deleted member 11974]

Credit card spending scales record high at Rs 1.4 lakh cr in May; 87.4 million cards in use

Credit card spends were in the range of Rs 1.1-1.2 lakh crore throughout FY23, but reached an all-time high of Rs 1.4 lakh crore in May this year, according to the RBI data.

www.moneycontrol.com

Banks have recahed saturation point for almost all there cards which will slowly lead to devalutaion in almost all cards coming forward

 

[Tejo]

Hdfc already devalued their cards. Axis,SBI too timely devalued.

Only Demand and misuse are the reasons we couldn't blame banks, we should blame ourselves.