Have been tracking sbi cards lately I feel credit on UPI will make it very convenient and will make credit cards useful for even small value transactions, I think the revolves book will reduce as there is some customers who are mindful about proper use of credit cards, UPI can make credit cards mainstream but I do not think they will earn on it MDR revenue, I already have two SBI credit cards, I have many other bank’s credit card but I feel SBI card is the best really like their investment in technology, recently with their SBI cashback card they have reduced MCC on which 5% cashback was applicable, also I like SBI’s customer onboarding journey, they have a good process, currently with the devaluation of majority of Axis bank credit cards and reduction of airport lounge access I am seeing players avoiding cash burn, so in all I feel revolver should reduce, credit card new users as well as spending rise, fee income should increase to in proportion, valuation is much more favourable now, India in my opinion should be very high growth also if they are able to maintain GNPA it should be a very good stock in my opinion have taken entry.
Any anti- thesis and risks someone can point.
I am a credit card user of SBI and many other banks can provide any feedback for comparision purposes if required, Happy to help.
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