Page 3 - Credit Card

New credit card rules & rewards this September: What you need to know

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

SBI Card loses credit card market share in July; InCred retains 'Reduce'

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

Credit cards issuance in country increases by 16% to 104.6 mn in July

Credit card spending in July 2024 increased by 19 per cent Y-o-Y to Rs 1.72 trn in July

International credit card use up 63% after Covid-19, overtakes debit cards

Data from the RBI shows international credit card spending rose 63 per cent from December 2022 to July 2024, while PPIs grew 53 per cent and debit card transactions increased by just 8 per cent

HDFC, IDFC FIRST, ICICI Bank credit card-related changes: Details here

Starting from September 1, 2024, there will be a cap of 2,000 reward points per calendar month on utility transactions for HDFC Bank credit card users

Rule changes for HDFC, ICICI, IDFC FIRST Bank cards: Check new terms

Several major banks are implementing changes to their credit and debit card rules starting August 1

IDFC FIRST Bank revises credit card payment terms: Check details

The changes are effective September 2024, as per the IDFC FIRST Bank website

ZET app's new secured credit card aims to boost CIBIL scores

Secured credit card comes against a FD of minimum Rs 5,000 ranging to Rs 25,000 with 90 per cent of the amount as the credit limit

RBI slaps fine of Rs 2.4 crore on Visa for unauthorised payment method

The central bank has aimed to tighten scrutiny of the processes followed by financial technology, or fintech, companies

Net credit card additions down to 2 mn due to seasonal, regulatory factors

Net credit card additions during the April-June quarter of FY25 is 48% lower against 3.9 mn in the December-March quarter of FY24

Paying Income Tax with credit card: Benefits, disadvantages and process

The method allows the tax department to process your payment promptly, potentially updating your tax records faster

GenZ prefers personal loans; millennials go for credit cards, shows data

Out of the total loans disbursed, digital lending has increased from 1.8 per cent in financial year 2022 (FY22) to 2.5 per cent in FY24

Cashless claim denied? Bank on credit card, pledge gold or fixed deposit

Keep some emergency cash at home and ensure your credit card limits are adequate

BBPS-credit card activation: Banks expect 3-4 weeks' leeway for integration

IBA liaising with regulator; issuers put in place systems to go live on BBPS

Credit card users can still use third-party apps for repayment: Know more

Customers of banks already live on the BBPS platform can continue using third-party apps for payments

From cards to Paytm wallet: 8 changes that will impact your pocket in July

From July 1, 2024, RBI new regulation requires all credit card payments to be processed through the Bharat Bill Payment System (BBPS)

Now, users can't make credit card repayments on third party apps

Many players said they will pause credit card payment for banks that have not gone live

Travel credit card fintech records 30% rise in travel bookings this summer

Women solo travellers grew at the rate of 47%, whereas solo travellers who were men grew 39%

HDFC Bank imposes fee on credit card rent payments via CRED, Paytm, others

Earlier this year, ICICI Bank and SBI Cards stopped offering reward points for rent payments on several credit cards

HDFC Bank updates rewards on Tata Neu Infinity card for UPI transactions

If a UPI transaction is made using Tata Neu UPI ID, customers will earn an additional 1 per cent back as NeuCoin