Top Credit Card Issuers

HDFC Bank is headquartered in Mumbai and is India’s largest private sector bank by assets. It is also among the top banks globally by market capitalization. As of November 2025, HDFC Bank has over two crore active credit cards in India, offering a wide portfolio that includes cashback, rewards, travel, and premium credit cards for different customer segments.

Axis Bank is one of the largest private sector banks in India and the fourth-biggest credit card issuer in the country. According to RBI data from November 2025, Axis Bank has around 1.55 crore active credit cards. The bank offers a strong mix of cashback, rewards, travel, and premium cards catering to both mass and high-end customers.

SBI Card is the second-largest credit card issuer in India, with over two crore active cards. Headquartered in Gurugram, it is the country’s only publicly listed and pure-play credit card company. SBI Card offers a wide portfolio ranging from entry-level and cashback cards to premium, travel, and co-branded credit card offerings.

IndusInd Bank is a major private sector bank in India, named after the Indus Valley Civilization. As of November 2025, the bank has over 31 lakh active credit cards. Its portfolio includes more than 15 cards, ranging from mass-market offerings to premium variants such as Pioneer Heritage, Solitaire, and Indulge credit cards.

HSBC began operations in India after acquiring the Mercantile Bank of India, one of the oldest foreign banks in the country. HSBC offers a limited but premium-focused range of credit cards in India. As of November 2025, there are approximately 9.6 lakh active HSBC credit cards, primarily targeting urban and internationally inclined customers.

BOBCARD is headquartered in Vadodara and operates as the credit card arm of Bank of Baroda. Following the merger of Dena Bank and Vijaya Bank in 2018, BOBCARD strengthened its national presence. As of November 2025, it has over 30 lakh active credit cards, offering cards across entry-level and mid-range segments.

Citibank India was the Indian arm of Citigroup, a US-based multinational financial services company. In March 2023, Citibank India’s consumer business was acquired by Axis Bank. Following this acquisition, all Citibank credit card offerings were discontinued and migrated to Axis Bank’s credit card portfolio.

RBL Bank, formerly known as Ratnakar Bank, was established in 1943 and is headquartered in Mumbai. Despite being a smaller private sector bank, it has a strong presence in the credit card space. As of November 2025, RBL Bank has over 44 lakh active credit cards, supported by an extensive and varied card portfolio.

Federal Bank is a prominent private sector bank headquartered in Kochi, Kerala. It has a customer base exceeding one crore and over 1,370 branches across India. As of November 2025, Federal Bank has more than 18 lakh active credit cards, offering both bank-led and fintech-partnered card products.

IDBI Bank is a public sector commercial bank and a subsidiary of the Life Insurance Corporation of India (LIC). It entered the credit card business in 2014 and currently offers five credit card variants. As of November 2025, there are over 45,000 active IDBI Bank credit cards in the country.

Canara Bank was established in 1906 in Mangalore and was nationalized in 1963. It began issuing credit cards in 2002 and has since expanded its offerings. As of November 2025, there are over 10 lakh active Canara Bank credit cards, primarily serving retail and PSU bank customers.

LIC Cards is wholly owned by the Life Insurance Corporation of India. LIC Card Services Limited was established in November 2008 and is headquartered in New Delhi. LIC credit cards are designed to offer exclusive privileges and rewards, focusing on policyholders and customers seeking value-based benefits.

Equitas Small Finance Bank started operations in 2016 and focuses on personalized and digital-first banking solutions. The bank offers a range of products, including savings accounts, loans, fixed deposits, and credit cards. Its credit cards are designed for customers seeking simple features and easy access to credit.

ICICI Bank is one of India’s leading private sector banks, headquartered in Mumbai. It ranks among the top banks in the country by market capitalization and revenue. As of November 2025, ICICI Bank has more than 1.85 crore active credit cards. The bank offers a broad range of cards covering cashback, travel, rewards, lifestyle, and premium categories.

IDFC FIRST Bank was formed following the merger of IDFC Bank and Capital First in December 2018. It is one of the newer entrants in India’s credit card market, but has grown rapidly. As of November 2025, the bank has over 42 lakh active credit cards, offering value-driven cards with competitive rewards and customer-friendly features.

American Express is a globally renowned card issuer and payment network known for its premium credit cards. In India, it also partners with banks like ICICI & IndusInd for card issuance. As of November 2025, American Express has over 13.4 lakh active credit cards in the country, focusing largely on premium and lifestyle-oriented customers.

AU Small Finance Bank Limited is headquartered in Jaipur, Rajasthan, and was founded in 1996. Originally an automobile financier, AU Bank has expanded into full-scale banking and credit cards. As of November 2025, it has over 9.4 lakh active credit cards, offering a variety of reward-focused and lifestyle-oriented credit card options.

Standard Chartered Bank has been operating in India since 1958 and is the largest foreign bank in the country. As of November 2025, it has around 7.1 lakh active credit cards. The bank offers several popular cards, including Rewards, Platinum Rewards, and Ultimate Credit Cards, catering to rewards and premium cardholders.

Yes Bank was founded in 2004 and is headquartered in Mumbai. The bank offers a focused portfolio of credit cards, including premium options like the Marquee Credit Card. As of November 2025, Yes Bank has approximately 27 lakh active credit cards, catering to lifestyle, rewards, and premium spending categories.

Kotak Mahindra Bank is headquartered in Mumbai and is among the top private sector banks in India by market capitalization. As of November 2025, the bank has over 45 lakh active credit cards. Its portfolio includes a wide range of cashback, rewards, lifestyle, and premium credit cards for diverse customer needs.

Punjab National Bank (PNB) is the second-largest public sector bank in India after SBI. Following its merger with Oriental Bank of Commerce and United Bank of India in 2021, PNB expanded its national footprint. As of November 2025, there are over 7 lakh active PNB credit cards in the country.

Karur Vysya Bank (KVB) was established in 1916 in Karur, Tamil Nadu, to support local industries. Over the years, it has expanded its banking services nationwide. The bank currently offers a limited range of credit cards, including KVB Platinum, KVB Honour, and KVB Corporate Credit Cards.

Union Bank of India (UBI) is a major public sector bank formed after the amalgamation of Corporation Bank and Andhra Bank in April 2020. It now has one of the largest branch networks among PSU banks. As of November 2025, Union Bank of India has over 4.9 lakh active credit cards.

DBS Bank India Limited is a subsidiary of Singapore-based DBS Group. The bank offers a wide range of personal and commercial banking services in India. As of November 2025, DBS Bank has over 3.9 lakh active credit card users, focusing on digitally driven and premium customer segments.

Utkarsh Small Finance Bank began operations in 2017 and has gradually expanded its product portfolio. Along with savings accounts, loans, and fixed deposits, the bank offers a limited selection of credit cards. These cards are aimed at entry-level users seeking access to basic credit and banking services.

Bank of India is one of India’s leading public sector banks, offering a range of credit cards for everyday spending, travel, and business needs. Get a clear overview of the credit cards issued by the Bank of India, including key features, fees, and eligibility, to help you make an informed choice.

The Scapia Federal Credit Card is a fintech-led offering launched by Federal Bank in partnership with Scapia. Cardholders earn Scapia Coins on travel bookings and eligible spends. As a milestone benefit, users receive unlimited domestic lounge access upon meeting monthly spend thresholds, making it suitable for frequent travelers.

The Utkarsh Small Finance Bank superCard Credit Card is an FD-backed offering launched in partnership with super.money. It enables users to make everyday UPI and card transactions without breaking their fixed deposit. The card also offers attractive cashback on regular spends, making it a suitable option for first-time users.

The Axis Bank SuperMoney RuPay Credit Card is a lifetime-free card built for UPI-first spending habits. It offers 3% cashback on super.money UPI payments and 1% cashback on other spends, subject to a monthly cap. The card is positioned as a practical choice for users who want steady cashback without paying annual charges.

The IndusInd Bank Tiger Credit Card is a lifetime-free offering designed for shopping, dining, and travel spends. It features an accelerated rewards structure with up to 6x reward points, along with complimentary lounge access and golf benefits. The card is positioned as a high-value option without annual fees.