Credit Card Spoke · Fellocraft Research · April 2026

AI Referral Traffic — Bajaj Leads. Amex Surprises. SBI Card Best Issuer.

As Google organic traffic collapses, AI platforms are becoming the new discovery channel. Bajaj Finserv leads with 207,866 total AI visits. Amex India's global content gives it 65.3K AI cited pages despite small organic traffic. SBI Card is the best pure issuer at 57,329 total AI visits and +664% growth.

Credit Card Spoke Apr 2024 – Apr 2026
Headline finding

Amex India: 65.3K AI cited pages. Authority 87. The global advantage.

Amex India's subfolder (americanexpress.com/in) inherits the AI citation strength of the global Amex domain. 65,300 AI cited pages — second only to Bajaj Finserv in the entire set — despite generating only 362K organic visits per month. SBI Card grows AI visits +664% over 24 months — best pure issuer trajectory. CardInsider sees +874% AI growth — proof that niche, high-intent CC content gets cited by AI platforms disproportionately to domain size.
Bajaj Finserv AI visits total
207.9K
Category leader · +1,042% growth over 24 months
Amex India AI cited pages
65.3K
Global domain strength · AI Visibility Score 70
SBI Card AI growth
+664%
Best pure CC issuer trajectory
CardInsider AI growth
+874%
Niche intent content = disproportionate AI citation
Panel 1 — 24-month AI citation trend

Monthly AI referral visits — April 2024 to April 2026

Combined ChatGPT + Perplexity + Gemini citations per brand. Category grew from near-zero April 2024.

Line chart
Bajaj Finserv
HDFC Bank
ICICI Bank
SBI Card
BankBazaar
Paisabazaar
Axis Bank

Source: Semrush AI Search module, India database, April 2024–April 2026. Directional estimates.

Panel 2 — Platform split

AI referral visits by platform

ChatGPT, Perplexity, Gemini and Claude share of total AI referral visits. April 2026 snapshot.

Stacked bar
ChatGPT
Perplexity
Gemini
Claude + Other
AI referral summary

All 12 brands

BrandChatGPTGeminiTotalCGpt%Growth
Bajaj Finserv111,20327,994207,86653%+1,042%
HDFC Bank240,15754,409345,63869%+59%
BankBazaar51,93619,77693,60255%+625%
ICICI Bank128,54718,394176,07473%+88%
Paisabazaar41,57512,02470,10359%+800%
SBI Card38,1488,75457,32967%+664%
Axis Bank53,9148,62977,02070%+248%
Kotak Bank40,23212,05760,12967%+322%
CardInsider7,32545413,69353%+874%
IndusInd Bank29,6642,00936,26282%+10%
RBL Bank5,2275937,06374%+10%
Amex India*3,1054085,51256%+3,381%

*Amex AI visits reflect Indian subfolder. Global domain AI cited pages (65.3K) reflect full americanexpress.com strength. HDFC Bank total exceeds Bajaj because it is a full banking domain. Source: Semrush AI Traffic module, April 2026.