Overdue credit card debts jumped by almost 70% in six months

The volume of overdue credit card debt in the first quarter reached 3% of all debts on this product, which is almost 70% more than six months ago, according to data from the United Credit Bureau (OKB). Currently, the amount of delay reaches 110 billion rubles.

We're running into a limit: it's getting harder to borrow on a credit card

The average size of credit card limits has collapsed by 13%

"The quality of loan servicing has deteriorated sharply in the banking market. The accumulation of credit risk occurred throughout 2024 and the peak of its realization with the release of overdue debts and defaults is at the current moment," explained Mikhail Aleksin, General Director of OKB.

Russians' solvency is falling, among other things, due to high inflation, which amounted to 8.3% in the first quarter of 2025, Oleg Abelev, head of the analytical department at the Rikom-Trust investment company, recalled.

This is especially sensitive against the background of the cessation of growth in real incomes of the population (this is the total profit of Russians minus obligations in the form of debts or rent), said Vladimir Chernov, analyst at Freedom Finance Global. The population does not refuse to lend, even during a period of high interest rates, and as a result is forced to pay high interest rates, which affects their well-being.

According to OKB, only the average credit card rates are 27%. However, they do not take into account all additional payments that borrowers need to make, for example, for opening and using a card. Taking them into account, the total cost of the loan, according to Izvestia estimates, is much higher — about 50%.

Read more in the exclusive Izvestia article:

Shadow payment: Overdue credit card debts jump to 110 billion