According to the recent data revealed by Reserve Bank of India (RBI), credit card spends touched an all-time high of Rs 1.16 trillion in July, registering a growth of 6.5 per cent on a month-on-month basis and 54 per cent year-on-year. Spends have topped the Rs 1 trillion level for five consecutive months now. With the onset of the festive season, where spends typically remain at an elevated level this is expected to provide further tailwinds in credit card spends. In July, the banking system added 1.53 million credit cards, taking the overall number in the system to over 80 million. Many issuers have lined up special offers on credit cards to boost festival spending and going by recent trends, they expect a promising festive season. A revival in discretionary spending and a pick-up in commercial spends has led to the sustained increase in credit card use.