Personal Finance Millennials' credit needs: How digitisation is paving the way and what borrowers should bear in mind Updated : December 16, 2019 05:44 PM IST India has a total of about five crore credit cards in circulation which are held by about three crore individuals. Over the last three years, India has witnessed a revolution when it comes to financing of consumer durables and personal loans. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.