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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
Avoid dynamic currency conversion by paying in the local currency instead of Indian rupees
The average ticket size (ATS) for all cards in the first half of 2024 was Rs 2629, a 2% increase from the first half of 2023.
With new enhancements and existing exclusive features, the Platinum Card now provides a cumulative value of over Rs 450,000 annually including an incremental value of over Rs 1,40,000.
While credit cards have become the preferred payment option for many, this has also raised concerns about overleveraged, particularly during the festive season