Israeli Credit Card Spending Surges 7.9% in Summer Months

Israeli consumers spent a record 109.045 billion shekels on credit cards during July and August, a 7.9% increase compared to the same period last year, according to data from Sheba (the Israeli credit card clearinghouse).

This summer's spending marks a significant rise, continuing a trend of increased consumption. Over the past five years, summer spending has grown by more than 40%, from 77.801 billion shekels in 2022 to this year's figures. August alone saw 54.115 billion shekels spent, a 10% jump from August 2025, with the daily average expenditure exceeding 1.7 billion shekels for the third consecutive month.

Online purchases continued their upward trajectory, reaching 30.617 billion shekels in August, an 11.5% increase year-over-year. However, the average daily online spending dipped slightly below 1 billion shekels. Conversely, spending at physical stores hit a new high, with the average daily expenditure in August reaching 757.994 million shekels, a 2.4% rise from July. Total physical purchases in August amounted to 23.498 billion shekels, an 8.1% increase from the previous year.

Cash withdrawals from ATMs remained relatively stable, totaling 5.916 billion shekels in August, similar to the previous year, indicating a continued preference for credit card transactions for most purchases.