Credit Card

Per card spending in the industry stood at Rs 16,910, up 1.09 per cent from the same period last year

Set up of UPI Autopay for various services, including OTT subscriptions, insurance premiums, loan repayments, and utility bills has paved the way for UPI dominance

'It is a misconception that inactive credit cards hurt your credit score. They do not directly'

Experts call for responsible credit card usage as it involves borrowed money and associated interest charges if not paid within the billing cycle

Seventeen states have so far set aside more than 57,700 hectares of degraded forest land for tree plantation under the Green Credit Programme, according to government data. The programme rewards voluntary environmental actions by individuals, communities and the private sector. Madhya Pradesh -- which has the largest forest cover in the country -- identified and registered more than 15,200 hectares of degraded forest land for the programme until February 2, the highest among all states, the government told Parliament earlier this week. Andhra Pradesh has registered 11,361 hectares of degraded forest land, Gujarat 6,760 hectares, Jharkhand 5,648 hectares, Tamil Nadu 4,708 hectares and Bihar 4,108 hectares. At present, only tree plantation for eco-restoration of degraded forest land is being implemented under the Green Credit Programme, launched in October 2023. Any individual or private entity can undertake plantation on degraded land, including open forest and scrub land, wastelan

Banks are rolling out special deals on shopping, dining, travel, and gadgets, making Valentine's celebrations more affordable with cashback, discounts, and exclusive perks

The per credit card spending rose by 3.20 per cent Year-on-Year (YoY) from Rs 16,865.26 in December 2023 and 8.22 per cent YoY from Rs 15,584.21 in December 2022

Consumers should be aware of how these charges shape product prices and payment options

Effective December 20 last year, Axis Bank has changed the terms and conditions of the Flipkart Axis Bank Credit Card

The number of credit cards has more than doubled to around 10.80 crore in five years through December 2019 but the number of debit cards has remained relatively stable, says a Reserve Bank report released on Monday. The report also said digital payments in India have grown exponentially in the last decade. While in calendar year (CY)-2013 there were 222 crore digital transactions valued at Rs 772 lakh crore, it has increased 94 times in volume and more than 3.5 times in value to over 20,787 crore transactions valued at Rs 2,758 lakh crore in CY-2024. "In the last five years alone, digital payments in India have increased 6.7 times in volume and 1.6 times in value. This amounts to a five-year CAGR of 45.9 per cent in terms of digital payments volume and 10.2 per cent in terms of digital payments value," said the Payment System Report, December 2024. It further said at end-December 2024, the number of credit cards has more than doubled to around 10.80 crore as compared to December 201

Cards offer benefits like free movie tickets, travel rewards, points and perks

Charges for transferring funds depend on the method and the bank involved

Credit card transactions saw a substantial 175 per cent increase in Tier-III cities, compared to just a 27 per cent increase in Tier-I cities

Credit growth in the economy, which had previously been driven primarily by retail credit, has tapered off from its peak

Applying for multiple credit cards or loans in quick succession leads to inquiries about your credit report

Updates include extra fees and some offers being discontinued

Decline due to moderation in consumer spending; issuances come down

Choosing the right credit card can significantly impact your monthly expenses, especially when it comes to utility bills

RBI stated that while it has directed banks not to charge excessive rates of interest, it does not directly regulate the rates charged by banks

Before utilising multiple cards, assess your monthly income and fixed expenses to determine how much you can afford to spend