By Admin 
- Active credit card holders increased to 10.7 crore.
Credit Card: Times have changed a lot as compared to earlier, where earlier only adults had mobile phones, now even small children are using them. The change is not limited only to mobile phones, but now even Gen Z in the country is increasingly using credit cards. Whereas earlier the use of credit cards was limited only to the people of big cities, now the youth of small towns are also using it.
What’s in the report?
According to the report, today’s youth are using credit cards and other loan products more rapidly. Also, within just 3 months of getting their first credit card, about 28 percent of Gen Z customers had an outstanding balance of more than Rs 25,000. Not only this, but 69 percent of Gen-Z even took a second credit product within a year of getting their first credit card. Along with this, Gen-Z is not only shopping, but is also using EMI and other credit products more than before.
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Gen Z leads for the first time
- According to the report, by March 2026, 50 percent of the first-time credit card customers were below 30 years of age.
- Among the first time credit card takers, 46 percent are from rural areas.
- It means clearly that now not only urban people but also rural people are increasingly using credit cards.
Credit card usage continues to increase
In March 2026, the number of people having credit cards has increased to 5.2 crore. During the same period, the number of active credit cards in use increased rapidly by almost five times to 10.7 crore.
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