Category: Credit Card

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 […]

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 […]

First things first – Using your credit card till it reaches the credit limit is not a good practice and should be completely avoided. You should not use more than 40% of your credit limit in any given month. A maxed-out credit card is a dangerous proposition because of several reasons. Firstly, a credit card […]

After the recent data theft of debit cards, the banking industry has tightened security aspects of cards and have urged customers to change passwords. Here are different kinds of card frauds and the necessary precautionary steps.   Skimming This takes place when your card is inserted into an electronic device that copies and saves the […]

On Wednesday, the state cabinet of Bihar agreed upon the Student Credit Card Scheme (SCCS). This being one of the seven resolves ( Saat Nischay) of CM Nitish Kumar is touted to be one of his ambitious schemes. This was accompanied with the gazette notification of  the new Bihar Prohibition and Excise Bill 2016 to […]

Today, credit cards have become an integral part of our lives, almost acting like a lifestyle statement. One of the key reasons for the popularity of credit cards is the convenience that they provide – they come to our rescue in times of cash crunch by providing short term loans with a 40 to 50 […]

The rapid strides that technology is taking often come with its own share of positives and unique challenges. With e-commerce and online retail options aplenty, life has become easier for us as we can make several purchases just by swiping our credit or debit cards. However, using your credit cards for purchases at websites of […]

Mid-sized lender Yes Bank has named Amit Sanan, the new group president and country head of mid-corporate banking.   According to the bank, Amit would be responsible to drive growth of business in the key knowledge banking sectors apart from focusing on various digital banking solutions, cross sell and granular transaction banking. He would also […]