MUMBAI, Nov. 12 -- The count of active credit cards has grown fivefold over the last 10 years to 107 million, according to a white paper published by TransUnion CIBIL in June 2026. The report further concludes that, over the last decade, the average credit card balance per consumer increased from Rs.31,000 to Rs.65,000. Alongside that, the share of customers holding three or more cards increased from 12% to 22%. RBI data also shows that aggregate credit card outstanding increased from Rs.2.7 lakh crore to Rs.3 lakh crore in the two years leading up to August 2026. While credit cards may not represent the highest debt in a consumer's wallet, they may be the most expensive: the annual percentage rate (APR), or annual interest charge, can rang...