Category: Credit Card

The credit limit on your credit card is the maximum balance given to you by the issuer. By setting a credit limit, the bank controls your purchasing power with the card. At the same time, the set credit limit helps you maintain a good credit score. The credit utilization ratio, which is the ratio of...

As per an article by Business Today, during the first ten months of demonetisation – November 2016 to August 2017, the volume of mobile banking, mobile wallet and card (both debt and credit) transactions soared.   The volume of mobile wallet transactions went up from 537 million to 2,407 million, a whooping increase of 348%. […]

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 […]

As a banking institution, SBI or State Bank of India has no equal in the country. The SBI Cards division might be relatively new but slowly and surely, the company has built a reputation for itself in the Indian credit card space. The range of offerings from SBI Cards includes premium credit cards such as […]