Credit Card Charges

The average spending per card decreased slightly by 1% MoM to Rs 16,911, though it registered a marginal 1% YoY increase.

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

With the removal of the 30% cap, banks and financial institutions may have more flexibility in setting interest rates on late credit card payments.

September brings new credit card rules: increased RuPay rewards, HDFC caps, IDFC payment changes, and RBI's network choice mandate. Here's all you need to know

InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.

These updates will impact various types of transactions and fees for credit card holders

A statement is made available by your credit card company once a month, shortly after your billing cycle ends

With a cashback card, you can get a direct value back on your credit card purchases.

The Reserve Bank of India (RBI) has expressed its concern about the growing unsecured bank credit

February typically sees a slight dip in spends compared to other months because it has fewer days. In January, spends had touched Rs 1.26 trillion, the second highest figure ever

Beware that on some expenses you could be levied a fee for card usage

When you are considering canceling a card, it should be taken into account how the cancellation of your credit card will affect your credit score

Banking system saw a net reduction of close to 290,000 cards during this period, impacted by RBI norms warranting deactivation of cards that are inactive for a year

Spends decline 3% MoM but top Rs 1 trn for sixth consecutive month

Defying the after-effects of pandemic-related pay cuts and job losses, the credit cards business is booming like never before

Rama Mohan Rao Amara, MD & CEO, SBI Card spoke on the reasons behind record spends, the company's ideal run rate of issuance of credit cards, impact of RBI's discussion paper on payment charges.

Spends have topped Rs 1 trillion level for five consecutive months now

RBI had barred the loading of prepaid payment instruments (PPIs) from credit lines

Paying hefty annual fee is justified if you can extract higher benefits from the card

HDFC Bank plans to aggressively issue cards after central bank withdraws ban, helping sector to make more gains.