Page 5 - Credit Card

ICICI Bank credit card holders, beware: New lounge rules from April 1

Starting April 1, ICICI Bank credit card holders can avail one complimentary airport lounge access by spending Rs 35,000 in the preceding calendar quarter

Choose life policy carefully; early surrender can cause major losses

Switch credit card if changes in reward structure do not align with your needs

How can you transfer money from a credit card to a bank account?

Be mindful of your credit card usage and try to avoid excessive reliance on cash advances

Credit cards breach the 100 million mark in India, shows RBI data

But overall credit card spending saw a sequential drop in February due to considerable decline in point of sale and e-commerce payments

Change your credit card billing cycle to manage cash flow: Here's how

Timely payment of credit card bills is crucial to avoid a negative impact on your credit score and to steer clear of significant late fees

Mastercard, Visa reach $30 billion settlement over credit card fees

The antitrust settlement announced on Tuesday is one of the largest in U.S. history, and upon court approval would resolve claims in litigation that began in 2005

Explained: How to make payments using credit on UPI

As a customer, you have the option to use a pre-approved credit limit at the point of sale, integrated into the UPI platform

Axis Atlas credit card fiasco: How to avoid your rewards from being blocked

The bank has sent a web link in the mail, allowing users to submit invoices, online

RBI bars Federal, South Indian Bank from issuing co-branded credit cards

South Indian Bank has one co-branded credit card in partnership with the State Bank of India (SBI), available in two variants: SimplySAVE and Platinum

RBI tells 2 banks to stop adding new customers to co-branded credit cards

RBI directed South Indian Bank and Federal Bank to stop adding new customers to their co-branded credit cards, the lenders did not disclose the reasons cited by the central bank

Explained: Big changes for SBI, ICICI, Axis, Yes Bank credit card users in March 2024

Major banks in India have recently announced changes to their credit card rules. If you rely on your credit card for daily purchases, travel perks, or managing your finances, here's what you must know

Monitor end use of funds for business cards, says Reserve Bank of India

No need to approval for co-branded cards

Explained: RBI's new credit card issuance norms

RBI tightens norms for credit, debit cards used with business accounts

Last month, the RBI had ordered Visa to stop using an unauthorized route to make business-to-business card payments which used fintech companies as an intermediary

Banks must give customers choice to select credit card network: RBI

Some arrangements between card networks and issuers are 'not conducive' for customers, it says

RBI directs credit card issuers to give users choice of other networks

RBI on Wednesday said issuers of credit cards shall not enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks

Growth in unsecured loan remains strong despite hike in risk weighting

Recently, the RBI reiterated its concern on the elevated unsecured lending portfolio of banks in its Bulletin

Barclays agrees to sell $1.1 billion of US credit card debt to Blackstone

Barclays said the agreement reflected its recently-announced strategy to prioritise growing lending to consumers, and would reduce the bank's risk weighted assets by around 1 billion pounds

Credit card issuance: HDFC Bank widens gap with nearest rival SBI Card

The total number of credit cards in circulation was 99.5 million in January 2024, steadily rising from 97.9 million in December 2023

StanChart to continue focus on wealth management in India: Senior executive

Credit card 'core business' but will avoid competing with the country's private banks, says Kusal Roy