CRIF High Mark, Credit Card Payments Overdue Between 91 & 360 Days Increase By 44% In One Year

Many people are struggling or choosing not to pay back their credit card bills on time. The long-overdue payments fall under the category of "non-performing assets" (NPAs). It is the same label used for bad bank loans.

Tresha Dias Updated: Monday, July 28, 2025, 02:18 PM IST
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India saw credit card use as a sign of rising consumer confidence and digital progress. According to data from CRIF High Mark, credit card payments that are overdue between 91 and 360 days have increased by 44% in one year. In March 2025, nearly Rs 34,000 crore of credit card dues remained unpaid for over three months.

Non-Performing Assets

Many people are struggling or choosing not to pay back their credit card bills on time. The long-overdue payments fall under the category of "non-performing assets" (NPAs). It is the same label used for bad bank loans.

How Much Has The Unpaid Amount Hiked?

According to a report by The Indian Express, the unpaid amount in this category has hiked to Rs 29,983.6 crore, from Rs 20,872.6 crore the year before, almost double what it was two years ago.

What Is CRIF High Mark?

CRIF High Mark also tracks the percentage of credit card debt that’s at risk, called the Portfolio at Risk (PAR). This too is rising steadily. For cards overdue 91-180 days, PAR rose to 8.2% in March 2025 from 6.9% a year earlier. For 181-360 days overdue, it went up to 1.1%, from 0.9% in 2024 and 0.7% in 2023.

Credit Card Debt In May 2025

As of May 2025, total outstanding credit card debt stood at Rs 2.90 lakh crore, up from Rs 2.67 lakh crore the year before. The report mentioned credit card transactions had reached Rs 21.09 lakh crore, a 15% jump from the previous year.

In just one month, May 2025 – Indians swiped credit cards worth Rs 1.89 lakh crore, compared to just Rs 64,737 crore in January 2021. The number of active credit cards is also growing fast: 11.11 crore in May 2025, up from 10.33 crore in 2024 and just 6.10 crore in January 2021, as per the report.

Why Do Customers Prefer Credit Cards?

Customers often get lured by flashy offers and rewards. But if they don’t repay on time, they end up paying exorbitant interest,” the Financial Express publication quoted a senior bank official as saying.

Published on: Monday, July 28, 2025, 02:18 PM IST

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