Tag: SBI Card

  • Amazon Great Indian Festival 2026: Early Deals Begin September 25 with Confirmed SBI Card Offers

    Amazon Great Indian Festival 2026: Early Deals Begin September 25 with Confirmed SBI Card Offers

    Amazon Great Indian Festival 2026: Early Access Sale Starts September 25

    Amazon has announced the early deals phase for its Great Indian Festival Sale 2026, giving shoppers a head start on festive shopping. The early access period kicks off on September 25, while the main sale event is scheduled to begin on October 8.

    Smartphones and Laptops Lead the Early Offers

    The early deals are expected to cover a wide range of electronics, with a strong focus on smartphones and laptops. Several budget-friendly smartphone models have been tipped to appear, including the itel Zeno 100 Lite, Lava Bold N4 Lite, Tecno Pop X 5G, iQOO Z10 Lite 5G, and iQOO Neo 10, with starting prices as low as Rs 7,199.

    In addition to value segment devices, Amazon is also expected to offer deals on premium models such as the iPhone 16 and Samsung Galaxy S25 Ultra. Laptops and other electronics, including the MacBook Neo and iPad Air M4, are likely to feature in the promotional push.

    SBI Card Discounts and Prime Benefits Confirmed

    Amazon has confirmed a 10% instant discount for eligible SBI Credit and Debit Card transactions, including EMI purchases. Prime members can enjoy an additional 10% benefit on select offers, making the sale even more attractive.

    Stay tuned for more updates as the early deals go live and the main sale approaches.

  • Credit Card Spending Surges: HDFC, SBI Card, ICICI, and Axis Drive Rs 1.58 Lakh Crore in July 2026

    Credit Card Spending Surges: HDFC, SBI Card, ICICI, and Axis Drive Rs 1.58 Lakh Crore in July 2026

    India’s top four credit card issuers recorded a combined spending of nearly Rs 1.58 lakh crore in July 2026, underscoring the dominance of major banks in the country’s expanding card payments market. HDFC Bank, SBI Card, ICICI Bank, and Axis Bank continued to account for the bulk of transactions as overall card usage stayed above the Rs 2 lakh crore mark for the third straight month.

    HDFC Bank Leads the Pack

    HDFC Bank remained India’s largest credit card issuer by spending in July 2026, with transactions worth approximately Rs 60,218 crore. The bank captured nearly 28.9% of the country’s total credit card spending, recording a 1.3% increase from June and an 11.9% rise year-on-year.

    SBI Card Holds Strong Despite Monthly Dip

    SBI Card reported around Rs 39,592 crore in credit card spending during July 2026. While spending slipped 3.6% from June, the issuer still logged robust annual growth of roughly 21.6%. SBI Card held about 19% of the overall credit card spending market, according to industry data.

    ICICI Bank Shows Strong Monthly Recovery

    ICICI Bank’s credit card spending reached approximately Rs 34,025 crore in July 2026. The lender posted one of the strongest monthly recoveries among the leading issuers, with spending climbing 8.3% from June. However, July spending remained below the year-ago level, based on RBI data.

    Axis Bank Posts Solid Monthly Growth

    Axis Bank recorded around Rs 23,825 crore in credit card spending during July. Its spending rose 7.4% month-on-month, a stronger monthly performance than HDFC Bank and SBI Card. Axis accounted for about 11.4% of total industry spending, and its credit card base remained among India’s largest.

    India’s Total Credit Card Spending Remains Above Rs 2 Lakh Crore

    Overall credit card spending in India reached roughly Rs 2.08 lakh crore in July 2026, up 3.4% from June and 7.4% from July 2025. The total stayed above the Rs 2 lakh crore threshold for the third consecutive month, signaling continued momentum in card-based payments.

    Credit Card Base Continues to Expand

    India had around 12.29 crore credit cards outstanding by July 2026. Banks added a net 1.26 million cards during the month, an 11.5% increase over June additions. Transaction volumes climbed 24.5% year-on-year to about 60.5 crore, while the average transaction value declined to nearly Rs 3,440.