Credit Cards

Credit score was never designed to be a consumer product, instead it was made for banks to be able to lend without having to worry about the customer's behaviour, Kunal Shah said

This is a first among companies that have decided to offer direct solutions to customers without requiring a merchant's reliance on third-party payment orchestration platforms

Rising delinquencies in consumption-led loans come amid credit slowdown

With the RBI's intervention by way of risk weighting, retail credit growth has slowed down to around 16.3 per cent year-on-year as of late November 2024

This growth aligns with a broader trend in transactions processed through UPI on RuPay credit cards

Customers who back their credit card with a fixed deposit will earn an interest rate of 7.25% on a 1-year FD, combining the benefits of both credit access and interest income.

Negotiations between Apple and Barclays have been ongoing for several months, but it may still take months to strike a deal

By paying rent with a credit card, you can accumulate rewards, which can be redeemed for various benefits like travel, shopping, or bill payments

Invite-only credit cards are different from regular credit cards in several key ways. They are typically offered to individuals with a substantial relationship with the bank

The minimum amount due on credit cards represents a small portion of the total outstanding bill, typically ranging between 5 to 10 per cent

According to a press release by SBI Card, it achieved the milestone of 20 million credit cards in force, having started its credit card business in 1998

Credit card updates relate to reward point structures, fees, and payment conditions, impacting various customer categories

''Our ambition at that time was to become the number one player in our identified areas of businesses''

RBL Bank partnered with Bajaj Finance in 2016 to issue co-branded credit cards for a period of five years. The partnership was renewed for another five years in 2021

HSBC has stopped issuing new cards and is working towards winding down the service offered to a large part of China onshore customers

From Aadhaar updates to changes in credit card rewards and stricter rules for OTP traceability, here's what you need to know

The allure of earning cash back might tempt some consumers to spend more than they normally would, leading to potential debt issues

Using borrowed funds, like cash withdrawal from credit cards or personal loans, to invest can lead to severe financial consequences due to high-interest rates and market volatility

From money transfers to train bookings, and credit card rewards, updates from RBI, Indian Railways, ICICI Bank, and Trai have taken effect in November. Here's how it may affect your wallet

Enjoy 5X points on your favourite categories - hotels, travel, dining, and entertainment. Offer valid till 30 November