Top Credit Card Issuer

HDFC Bank is headquartered in Mumbai and is India's largest private sector bank in terms of assets. Regarding market capitalization, it is the fourth-largest bank in the world. As of February 2024, HDFC Bank has more than two crore active credit cards in India.

ICICI Bank is the country's second-largest private sector bank in terms of market capitalization and revenue. Its headquarters are in Mumbai, and as of February 2024, there are over 1.68 crore ICICI Bank credit cards in the country. With ICICI, you can choose from a wide variety of cashback and rewards credit cards.

After HDFC and ICICI Bank, Axis Bank is the country's third-biggest private sector bank. In terms of credit cards, it also ranks third after HDFC and SBI. As per RBI’s April 2024 records, Axis Bank has 1.42 crore active credit cards and an excellent range of cards.

IDFC First Bank was formed when Capital First Bank and IDFC Bank merged in December 2018. It is one of the newest issuers in the Indian credit card market, with more than 26.5 lakh active cards in the country.

SBI Card is the second largest credit card issuer in India, right after HDFC Bank, with more than 1.87 crore cards currently active. Its headquarters are in Gurugram. SBI Card is the country's only publicly listed card issuer and the only pure credit card company on the stock market.

American Express, an American-based card issuer, is famous worldwide for its premium credit card range. It is also a card processing network that offers cards to other issuers like ICICI Bank, IndusInd Bank, and more. As of February 2024, American Express has more than 13.46 lakh active credit cards in the country.

The Indus Valley Civilization inspires the bank’s name, and it is among the best private-sector banks in India. As of February 2024, the bank has over 28 lakh credit cards in the country. The issuer has over 15 cards in its portfolio, with Pioneer Heritage, Solitaire, and Indulge credit cards being the premium variants.

AU Small Finance Bank Limited is headquartered in Jaipur, Rajasthan, and was founded in 1996 as an automobile financier. AU Bank offers a wide range of credit card offerings, many of which offer great rewards, offers, and discounts. As of April 2024, AU Small Finance Bank has over 9.7 lakh active credit cards in the country.

HSBC started operations in India after taking over the Mercantile Bank of India, the second-oldest foreign banking institution in the nation. HSBC offers a relatively limited range of credit cards, providing three cards in the Indian market. By April 2024, roughly 6.6 lakh HSBC credit cards were active nationwide.

The bank has been operating in India since 1958 and is the biggest foreign bank in India. As of February 2024, the bank has around 10 lakh active credit cards in the country. Some of the top cards offered by the issuer include the Rewards Credit Card, Ultimate Credit Card, Platinum Rewards Credit Card, and more.

Headquartered in Vadodara, Bank of Baroda is India’s second largest public sector bank. It merged with Dena Bank and Vijaya Bank in September 2018. The Bank of Baroda currently has over 25 lakh active credit cards in the country.

Yes Bank was founded in 2004 and is headquartered in Mumbai. It offers a decent range of cards, including the Marquee credit card, and as of April 2024, the bank had around 21 lakh active credit cards in the country.

Citibank India, or Citi India, is a subsidiary of the US-based multinational financial conglomerate Citigroup. In March 2023, Citibank India was acquired by Axis Bank. Citibank is currently in the process of completely merging its credit cards with Axis Bank.

The Kotak Mahindra Bank is headquartered in Mumbai and is the country's third-largest private-sector bank in market capitalization. As of February 2024, the bank has over 60 lakh active credit cards in the country.

Formerly known as Ratnakar Bank, RBL Bank was established in 1943 and is headquartered in Mumbai. Although It is a smaller private sector bank, it still has an impressive portfolio of credit cards compared to some other issuers. This is why RBL Bank has over 52 lakh active credit cards in the country.

Punjab National Bank, or PNB, is the country's second-largest public sector bank after the State Bank of India (SBI). Oriental Bank of Commerce and the United Bank of India were merged into Punjab National Bank (PNB) in April 2021. As of February 2024, there are over 5 lakh active PNB credit cards in the country.

Federal Bank is another major private sector bank in the country headquartered in Kochi. The bank has a customer base of over one crore and more than 1,370 branches spread across different states in India. As of April 2024, there are over 9.6 lakh active Federal Bank credit cards in the country.

Established in 1916 in Karur with an initial capital of Rs. 1 lakh, Karur Vysya Bank (KVB) was established to provide financial support to small textile industries in and around Karur in Tamil Nadu. The bank offers three types of credit cards: the KVB Platinum, the KVB Honour, and the KVB Corporate Credit Card.

IDBI Bank is one of the largest public-sector commercial banks in India. It is a subsidiary of the Life Insurance Corporation of India (LIC). IDBI Bank entered the credit card business in 2014. The bank currently offers five credit cards in the Indian market. As of February 2023, there are over 35,000 active IDBI credit cards in the country.

Union Bank of India, or UBI, is another prominent public sector bank in the country. In April 2020, it amalgamated with Corporation Bank and Andhra Bank to become the largest PSU bank in branch count (8,700+). As of September 2023, there are over 7.9 lakh active UBI credit cards in the country.

Canara Bank is one of the largest PSU banks in the country. Established in 1906 in Mangalore, it was nationalized in 1963. Canara Bank started issuing credit cards in 2002. As of April 2024, there are over 8.6 lakh active Canara Bank credit cards in the country.

DBS Bank India Limited (DBIL) is a branch of the DBS Bank group based in Singapore. DBS offers a wide range of services, including personal and commercial banking, catering to the diverse needs of different types of customers and investors. As of February 2021, there were over 500,000 active DBS Credit Card users in India.

The Life Insurance Corporation of India wholly owns LIC Cards. LIC Card Services Limited was established on 11 November 2008, and its head office is in New Delhi. LIC credit cards offer customers exclusive privileges and benefits to make the customer experience rewarding.