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Russians became half as likely to use credit cards in April
Credit card holders in Russia reduced their use by almost 50% in April. Compared to March, the indicator decreased by almost 6%.
This is data from the National Bureau of Credit Histories. The decrease in the use of credit cards is comparable with the crisis indicators of 2015.
The reduction in spending was recorded against the backdrop of quarantine measures due to the coronavirus pandemic. Muscovites and residents of the Moscow region, as well as residents of St. Petersburg, spent the most economically on money from credit cards.
Residents of some regions of the Far East least cut spending. So, in the Irkutsk region, Khabarovsk and Primorsky territories, the reduction occurred in the region of 4%.
Issuing credit cards in April tripled. According to the United Credit Bureau (OKB), not only the number of cards issued decreased, but also the limits for borrowers.