The first credit card came under the visa network.
In today’s time, most employed people are using credit cards. Credit card is used, whether it is the last of the month or to do something. Credit card has made the life of many people a little easier. But do you know when the credit card was started in India and the first credit card was issued by which bank.
Credit card trip started in India in 1980. When the Central Bank of India issued the first credit card. It was named Central Card. It came under a visa network. Since then till date, this payment system has developed a lot to digital cards link to UPI.
Credit card status in India
At present, according to the new RBI data in India, there are more than 11 crore credit cards. These include many types of cards, including regular, card, travel card, lifestyle card, fuel card, secured card, UPI card etc. Customers choose cards according to their needs and priorities.
Credit card will also be found without bank account, just have to do this work
Small finance bank from big bank
Earlier credit cards used to issue only big banks only to people with high credit scores, but now small finance banks like AU Small Finance Bank, Suryoday Small Finance Bank, Utkarsh Small Finance Bank are also issuing credit cards. In the last few years, the profile of credit card customers in India has increased considerably. Earlier it was only the product of big banks, now it is available in every segment. Small finance banks are also issuing them and reaching new customers in Tier-2 and Tier-3 cities.
Credit card history history
1980: Central Bank of India released the first credit card
1990-2000: The economic liberalization of 1991 gave admission to global banking institutions in India. In this period, facilities like insurance, zero responsibility and reward point system were available.
2000-2010: Credit card with internet revolution became an important part of online shopping. IRCTC (2002), Makemytrip (2005), Flipkart (2007) made card payment everyday.
2010-2020: NPCI launched RuPay in 2012, leading to increased reach of cards in Tier-2 and Tier-3 cities.
After 2020: As of September 2022, 10 million cards were in the market, and in May 2025 there were 111.2 million active credit cards in the banking system.