in their recent concall their credit cost increased to 6.8% more than management expected and it was mostly from the cards sourced in 2019, they have guided for credit cost in the range of 5.8-6.2%, also have reduced credit limits which is very rarely done by any bank’s card. I find that as a positive and also I personally hold 2 SBI Credit cards their app is one of the best and is customer centric, it is the only company that allows a credit balance refund to be credited in the bank through the app itself, I also have used their credit on UPI feature which I feel is a gamechanger as people generally use UPI for everything and credit cards are mostly used for big ticket purchases it is very convenient.
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