The Reserve Bank of India (RBI) announced new rules for credit cards, applicable from July 1. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," the circular by RBI said. Business Standard culled out key rules from the list, and asked financial experts for advice on them, along with the thumb rules one needs to follow while using credit cards.
Here's how you can reward yourself for having a good CIBIL score.
Barcelona's Raphinha scored deep into stoppage time to hand his side a dramatic 5-4 comeback win at Benfica and a place in the Champions League last 16.
The upcoming edition of the Indian Premier League (IPL) is likely to see bowlers playing a crucial role in the success of teams.
Few right moves and you can improve your credit score real fast
Eyeing a third straight Olympic appearance in 2028 (if the sport is included in the roster) Tokyo Games bronze medallist Lovlina said she will take it one step at a time from here on.
Mohamed Salah's late equaliser earned Liverpool a 2-2 draw with rivals Arsenal in an entertaining Premier League encounter.
There is no overnight solution and it requires plenty of patience and discipline to set it right
It all begins with a little overspending on the credit card, and before you know it, you find yourself being sucked into a debt trap. You may think you have a debt pay off plan, but think again!
Do not panic if you have a poor credit score. Do not live with the fear of having an important loan rejectd by the lender because of a poor credit score. Here's the solution for your woes
Secured credit cards offer benefits similar to regular credit cards and hence an applicant should try and get a card with lower fees and more features, suggests Sarbajeet K Sen.
If the credit card is not used judiciously, it can cause havoc with one's personal finances, warns Sarbajeet K Sen.
As the auction approaches, here are the 10 wicketkeeper-batters who are poised to attract significant attention making them among the most sought-after players for IPL 2025.
The Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to make insurance frauds a parameter for calculating credit scores in an attempt to put a lid on the increase in such activity. The proposal, which is a part of the recommendations made by a working group formed by Irdai and the General Insurance Council, suggests that insurance frauds should feature when the risk profiles of individuals are evaluated and should be used to calculate their credit scores. A poor credit score can deprive a person of financial services such as loans and credit cards, and deter him from indulging in fraud.
Do Patti gives in to its basest impulses, but collapses like a house of cards when it aims to be clever, notes Sukanya Verma.
Did you know that credit cards can in fact help you to improve and build your credit score if used responsibly and wisely!
Improved credit profile may make you eligible to transfer your existing home loan to another lender at a much lower rate.
Here are four ways to keep your credit score in the green
IMAGES from the English Premier League matches played on Wednesday.
Middle class Indians have grown up with the belief that living on credit is essentially a bad thing. You are in trouble if you think the same, cautions Rajiv Raj
If you are the owner of multiple credit cards, here are some dos and don'ts you need to know about credit card management.
Want to spend more this festive season on your credit card? This is what it takes...
Five-time champions Mumbai Indians will look to continue their winning momentum when they face a resurgent Sunrisers Hyderabad.
It is absolutely difficult to retain a healthy credit report if you have a history that shows your inability to cover up debts and repay loans regularly.
Answers to six commonly asked questions about CIBIL score that will help clear your confusions
Outright fear and lack of awareness can harm your CIBIL score
Israel debutant Yarden Shua scored an 86th-minute winner as they upset more fancied Belgium 1-0 in Budapest on Sunday.
Often, individuals are offered credit cards with great schemes directly by the bank.
"I never expected it. It was too good to be true," says the 20 year-old.
Credit cards, if used properly, can be a great way to build one's CIBIL score.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
No matter how attractive a pre-approved offer may seem, bear in mind that there are indeed no free lunches
'If your loan application gets turned down by one bank, do not apply immediately to several others.' 'This makes you appear credit hungry and possibly in some form of financial distress.' 'Multiple enquiries affect your credit score adversely,' advises Mohan Jayaraman.
Six compelling reasons to use your credit card. WARNING: reckless use of plastic can land you in a debt rap
You require a credit score to get fresh debt and you must have existing debt to get a credit score... Confused? Well, here's how they are related.
While there is easy access to money, the flip side is the high interest rate and processing fees, points out Sarbajeet K Sen.
Some of the most common grounds on which card issuers reject credit card applications in India, along with tips on how to overcome these hurdles.
