Top Credit Card Companies in India

As per the RBI Industry reports, number of credit cards in circulation in India stands at 62.0 MM as on Mar 2021 growing by 7% YOY. Number of POS terminals stand at 4.7 MM
as on March, 2021, growing by 8% YOY. Number of BharatQR (BQR) terminal stands at 3.6 MM, as on March, 2021, growing by 76% YOY.

India is a highly under penetrated market, with average card ownership per 100 people being 4, compared to 105 in Brazil, 26 in Russia, 53 in China, 79 in Australia, 92 in UK and 331 in USA.

List of Top Credit Cards Companies in India

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So here is the list of Top Credit Card Company in India which are sorted out based on the Market share.

HDFC Credit Card

HDFC Credit Card is the largest Credit card Company in India based on the Market share. The company is Leading presence in the payments business, with more than 1.45 Crore credit cards.

  • Market Share: 24.7%
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Credit cards constitute about 6 per cent of the overall Bank book.

SBI Card

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SBI Card as a leading credit card issuer in India, plays a key role in processing millions of
transactions and enjoys patronage of over 1.18 Cr customers. Over the years SBI Card has made significant contribution to India’s continuously innovating digital payment ecosystem.

  • Market share: 19%

SBI Card has successfully evolved to fulfill fast changing consumer preferences for contactless & digital modes of transactions, further accelerated by the pandemic. This significant shift towards digital and contactless payments is being further fueled by
a plethora of digital & technology initiatives, making life simple for customers.

With its wide range of proprietary and co-branded credit cards & multiple installment-based payment options, SBI Card is enabling customers to fulfill their wishes, every day. Digitization and customer centricity will continue to be SBI Card’s guiding lights for the future.

ICICI Bank Credit Card

ICICI Credit Card is in third position in the list of top credit card by market share.

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Market Share: 16.8%

Axis Bank Credit Card

Axis Bank launched the ACE Credit Card in collaboration with Google Pay. The card offers best in class unlimited cashback of 2 to 5% across various spend categories.

  • Market share: 11.4%
  • 7.15 MN – Active Credit card

‘Flipkart Axis Bank Credit Card’, a cobranded credit card in partnership with ecommerce
giant Flipkart crossed a significant milestone of 1 million cards in force (CIF) in a record time of 20 months from its launch. In the year 2021 the bank has given 2 lakh credit cards or close to 20% of overall new credit cards through our partnerships with Flipkart and Google pay.

RBL Bank Credit Card

RBL Bank Credit Card is fifth in the list of Top 10 Best Credit card brand in India based on the market share.

Market Share: 4.7%

City Bank Credit Card

Citi Credit Card benefits and privileges. Now you can easily book that luxury villa for the upcoming family vacation or buy the next Gen laptop for your work on easy credit card EMIs. Unlock the potential in your life and business with the power of Citi Credit Cards.

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Market Share: 4.3%

Each Citi Credit Card has been carefully designed to fulfill different aspirations and lifestyle needs of our customers, be it for active travelers, the busy officegoer or the happy homebody. Apply online for the credit card that best complements your lifestyle, from the selection of Citi Credit Cards.

Kotak Mahindra Credit Card

Kotak Mahindra Credit Card are designed with exclusive offers and discounts, the best-in-class rewards program, and attractive EMI offers. You can also conduct secured transactions with Kotak credit cards in India without worrying about cyber security threats.

Market share: 3.9%

IndusInd Credit Card

market share: 2.4%

American Express Credit Card

Market Share: 2.5%

Standard Chartered Credit Card

Market Share: 2.4%

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