May 1 (Reuters) - Mastercard's first-quarter profit jumped on strong card spending as U.S. consumers kept up their splurging habits despite rising borrowing costs and persistent inflation.

Profit stood at $3 billion, or $3.22 per share, compared with $2.4 billion, or $2.47 per share, a year ago, the payments processor reported on Wednesday.

(Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)