According to the worldline India Credit card payment report a rise is noticed in the credit card base. The credit card base has grown by 4% in fiscal year 2014. The credit cards have reached up to 20.3 million. Overall card spends grew 17 per cent from Rs 122.9 crore to Rs 144.3 crore with in a year.

Further the report has also stated that for the second continuous year a growth has been seen in the credit cards, although the growth rate is likely to be slow as card industry players focus more on profitability.

Private sector banks have topped the list with issuing maximum number of credit cards. More the half of the credit cards are issued by the private sector banks. HDFC is at the top, which has issued 5.1 million credit cards so far. After that ICICI bank is there with 3.1 million cards and SBI ranked at third position with 2.8 million cards. The average number of credit card transactions per card per year was around 25, while the average spends were Rs 2,900.