India is one of the largest users of credit cards, with a user base of over 71.7 Million, as of March 2022. According to a recent RBI report, an Indian credit card user, on average, spends around Rs. 14,500 using the credit card monthly. This massive adoption of credit cards among people can be attributed to the various benefits of credit cards, notably how they have eased the buying process and their advantageous pay-back period.
about 25 days ago