Category: Credit Card

Since last November’s demonetization, credit card usage and outstanding balances have increased by as much as 39% according to a Business Today news report that cites data collected by the Reserve Bank of India (RBI). The RBI data quantifies India’s total credit card outstanding balance at Rs. 59,900 crores as of September 2017 as compared […]

Your credit card offers numerous dining benefits but you seldom dine out, you are more of a movie buff. On the other hand, your friend likes shopping a lot but her credit card offers airline privileges more than shopping benefits. This is true for most of us. We own a credit card that is not […]

If you are reading this article, then odds are good that you are in a deep credit card debt and looking for a way to get out of it. You are not alone in this quest. According to a recent RBI report, the credit card outstanding amount in India has reached an all-time high and […]

With the recent rise in credit card frauds it is but natural to wonder who is liable – you or the bank? Does the cardholder bear the brunt of the fraud or should the banks absorb the expenses? To end this suspense, the Reserve Bank of India (RBI) recently revised the draft guidelines on Customer […]

Premium credit cards offer a lot of travel benefits including travel insurance. This can be really useful for people who have to travel overseas quite often. Complimentary travel insurance offered with credit cards usually covers overseas medical expenses, air accident, passport loss coverage and more.

With the transition from cash to digital payments gaining traction, the next expense area being targeted is rent. RentPay, a London-based company RedGirraffe’s fintech platform, can now be used for paying rent through credit cards. Currently, individuals with credit cards from HDFC, SBI Cards, IndusInd Bank, Axis Bank, ICICI Bank and Kotak Mahindra Bank can […]

Credit cards can be used for small- to big-ticket purchases and for earning cashback — all in one convenient swipe. But that’s not all that they have to offer. To help you fully utilize your card, here are the top 6 perks on credit card that you have been ignoring:   Discount on Retail and […]

The demonetization of high currency notes by the government has led to a big surge in digital payments, with more and more people realizing the convenience that comes with it. As India progresses towards a cashless economy, we take a look at how different digital payment systems work and fare against each other:   Mobile […]

India’s biggest public sector bank, State Bank of India will soon launch new set of credit cards for the lower strata with a cap of Rs 25,000. These cards will help those people who have the capacity to pay but don’t have cards.   Vijay Jasuja, Chief executive of SBI cards and Payment Services said […]

Continuing with its push towards a cashless digital economy, government has introduced additional schemes to promote the use of digital payment options as opposed to cash-based transactions. These new digital payment benefits include the following: •    Nil Service Tax on transaction charges for individual digital payments not exceeding Rs. 2,000 •    0.75% discount on sale […]