New Delhi, March 11 -- Credit cards are crucial for Indians, offering easy access to credit and helping build a strong credit history. The total number of credit cards in India is projected to grow and reach 200 million by FY28-29, growing at a CAGR of 15% according to a report by PwC.

Over the last five to six years the credit card industry has doubled its issuances and this trend is expected to continue. Still, credit card usage has declined due to the popularity of UPI and less lucrative reward programs.

Regular, responsible use enhances credit scores, leading to better loan terms and financial opportunities. With digital transactions rising, credit cards remain a vital tool for financial management and growth in India.

Therefore, i...