The average bill for credit cards is 106.2 thousand rubles
Credit card limits by the end of September 2023 increased in Russia by 29% compared to last year, as reported by the Izvestia newspaper with reference to Scoring Bureau data.
“The average bill on credit cards as of the end of September was 106.2 thousand rubles. This is 29% more than a year earlier (82 thousand rubles),” the message says.
The size of the limits has remained above the 100 thousand rubles mark since the beginning of summer, while in 2020–2021 the average bill for the product was in the range of 60–70 thousand rubles with a slight increase to 77–80 thousand rubles.
People have to spend more: credit card limits have risen by a third and exceeded 100 thousand rubles.
In July and August, the number of issuances of such cards increased by 3–9%, and in September it fell by 25%, as reported by Igor Lisyansky, director of products and marketing of the Scoring Bureau.
Lisyansky added that demand is growing as people have to spend more due to the increased cost of goods and services. According to official data from the Ministry of Energy, at the end of 2022, inflation amounted to 11.9%, and in 2023 it is predicted to be 7.5%.
