New Delhi, April 3 -- Credit card spending in the country witnessed a seasonal decline in February 2025, registering a 9 per cent month-on-month (MoM) drop to Rs.1,672 billion.

This is the lowest registered figure, according to data provided by Asit C Mehta Investment Intermediates Ltd (ACMIIL). However, on a year-on-year (YoY) basis, card spending jumped 12 per cent, even though the increase was slower compared to previous quarters.

On a month-on-month basis, the total number of transactions also dropped by 8 per cent to 396 million. This clearly demonstrates moderation in consumer expenditure. It also marks the weakest YoY growth in the last 14 months, with transactions up by 27 per cent compared to February 2024.

Further, the averag...