Israeli Credit Card Spending Hits Record High in Holiday Month
Translated & summarized from Kipa by baba
The story in 5 lines · by baba
- Israeli credit card spending hit a record 53.252 billion shekels in September 2026.
- Daily average spending reached a new high of 1.775 billion shekels.
- Online purchases saw a 5.5% year-over-year increase.
- Physical transactions rose 7.2% compared to the previous year.
- Cash withdrawals from ATMs decreased by 1.8%.
Israelis spent a record 53.252 billion shekels using credit cards in September 2026, the month of the Tishrei holidays. This represents a 6.2% increase compared to September of the previous year. The daily average spending reached a new peak of 1.775 billion shekels, up 1.7% from August. This marks the fourth consecutive month where the daily average spending exceeded 1.7 billion shekels, surpassing the previous record set in July.
Online purchases saw unprecedented growth, totaling 30.961 billion shekels in September, a 5.5% rise from the same period last year. The daily average for online transactions hit 1.032 billion shekels, 4.4% higher than in August and slightly above the previous July record.
In contrast, spending at physical businesses saw a slight daily decrease of 2% compared to August, averaging 743.062 million shekels. However, when compared to September of the previous year, physical transactions increased significantly by 7.2%, reaching 22.918 billion shekels.
Cash withdrawals from ATMs showed a downward trend, totaling 5.612 billion shekels in September, a 1.8% decrease from September 2025. The daily average withdrawal was 187.067 million shekels, down 2% from August.
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