A recent survey has revealed a significant trend in credit card spending during the recent festive season, with 4 in 10 users exceeding ₹50,000 on their cards. This indicates a strong inclination towards festive spending, but also raises concerns about potential debt accumulation among consumers.

The survey, conducted in October 2025, polled a diverse group of credit card holders across various demographics and income levels. The results suggest that a substantial portion of the population leverages credit cards to finance their festive season purchases, which include gifts, travel, electronics, apparel, and home improvements.

Several factors contribute to this surge in credit card spending. The festive season is often associated with attractive discounts, cashback offers, and easy EMI options, incentivizing consumers to make purchases they might otherwise postpone. Moreover, the desire to celebrate and indulge during this period can lead to impulsive buying decisions, further fueling credit card expenditure. The rise of online shopping platforms and their aggressive marketing strategies also plays a significant role in encouraging consumers to spend more through credit cards.

While credit cards offer convenience and purchasing power, the survey highlights the potential risks associated with overspending. A large proportion of users exceeding the ₹50,000 mark indicates a significant debt burden for many households. If not managed carefully, this debt can accumulate quickly due to high interest rates and late payment fees, leading to long-term financial strain. Financial experts advise credit card users to exercise caution during the festive season and to create a budget to avoid overspending. They also recommend paying credit card bills on time and in full to minimize interest charges and maintain a healthy credit score.

The findings of this survey serve as a reminder for both consumers and financial institutions to promote responsible credit card usage. Consumers need to be more mindful of their spending habits and avoid accumulating excessive debt, while financial institutions should focus on educating their customers about the risks and benefits of credit cards.