Reserve Bank of India set to bring transparency in credit card operations.
Here is a quick guide to the course of action a credit card holder should take, to prevent/minimise misuse or losses
Credit card payments to buy fuel at petrol pumps will from October 1 not get a 0.75 per cent discount that State-owned oil companies had introduced more than two-and-a-half years back to promote digital payments.
Warning: These tips are not for those who are already in a debt trap or struggling to meet expenses.
Suryakumar Yadav credits his wife, Devisha, for her honest feedback and support, which he says was instrumental in his journey to playing for India and ultimately captaining the team to a T20 World Cup title.
Loan on credit card is similar to personal loans, but this is pre-approved, and it comes without the need for any documentation.
Credit cards are fast emerging as an acceptable mode of payment for many instruments. At present, insurance payments can be made through cards. Soon, mutual fund investments could be allowed as well.
If you ever face a situation where your card transaction is declined, it is advisable to call your bank and check with them for the cause. In most cases, unless it's a fraudulent issue, the problems will be resolved on the phone.
Credit cards that tell you "buy now, pay later" are a great convenience when your cash is stretched for purchases. However wise use of credit cards is very important for your financial health.
These will save you some money and lots of hassles.
Weighed down by mounting outstandings and non-performing assets (NPAs), credit card companies are taking strong measures that include slashing new card issuances and credit limits for existing customers.
It's good news for those who fly frequently. They can avail of some interesting offers from their credit card companies, including co-branded airline cards, zero per cent interest on ticket repayments and even free tickets in a few cases.
It makes sense to go for a cash back card only if you are a big spender, otherwise the benefits are almost equal.
Do you save to spend or spend to save? If you belong to the second category, reward points can only harm your financial health.
A local court in Mumbai acquitted a 23-year-old Jharkhand resident in a cyber fraud case, citing a lack of evidence proving a criminal conspiracy. The court ruled that merely crediting a defrauded amount into a person's bank account does not constitute a criminal offence without proof of involvement in the conspiracy.
It's always been a struggle for economists and statisticians to forecast India's gross domestic product (GDP) correctly, and say where the economy is headed before the official numbers come out. If estimating the GDP is tough, forecasting it in real time is complicated. It involves looking at tens of indicators, such as industrial production, electricity consumption and exports, to arrive at a number.
There are various charges that come with a credit card usage let on alone the annual charges.
There have been complaints about bills claiming pending repayments months after the user has terminated the card contract.
In difficult times when you are short of means to pay for your credit card bills, paying minimum gives you a breather. However, it may not save you from finding a concrete solution for paying your credit card debt.
The government on Friday announced that no tax will be charged on overseas spending of up to Rs 7 lakh in a year using debit or credit as it looked to douse backlash from its earlier decision of levying TCS on all spending. The government had earlier this week brought overseas credit card spending under Liberalised Remittance Scheme (LRS). This meant that any spending using credit cards overseas would attract a 20 per cent tax from July 1.
You may forget about your mistakes but CIBIL keeps an eye and maintains a record of each and every transaction right from your first credit card!
Here's what's hot and what's not about a new option that banks have recently rolled out to meet your plastic money needs.
The central bank says interest on card balance should not be levied till next bill.
The Reserve Bank on Friday asked all banks to put in place additional security measures for credit card transactions based on Interactive Voice Response (IVR) by January 1, 2011.
Loans against gold jewellery in India surged by an impressive 128 per cent year-on-year to nearly 4.28 trillion in February 2026, according to the latest Reserve Bank of India (RBI) data, significantly outpacing overall retail loan growth.
Are you getting credit cards even if you have not applied for one? Here's how the Reserve Bank of India will protect you against this practice now.
Concerned over the exploitation of credit card holders, a parliamentary committee has suggested that the Reserve Bank of India should prescribe maximum interest rate that can be charged by banks from customers.
ICICI Bank, the biggest credit card issuer, has made it conditional for some of the credit card applicants, who do not meet the bank's eligibility criteria, to open FDs under a scheme called Fixed Deposit Instant Credit Card.
Most of the fees that a credit card company charges can be avoided. Here is a list of few.
Credit cards debt 180 days past the due repayment date stood at 7.92 billion yuan ($1.19 billion) by the end of the third quarter, up 8.5 per cent from the second quarter, the People's Bank of China said.
Taxi passengers in Bangkok will soon be able to pay their fares with a credit card, making Thailand the first country in South East Asia to use the integrated system that comprises an automatic controller, handheld card reader, printer, meter and dis
Travellers, here are 8 solid reasons you should prefer to use a multi-currency card than a credit card when you travel abroad
Travellers, here are 8 solid reasons you should prefer to use a multi-currency card than a credit card when you travel abroad
The statement contains a lot of crucial information. Ignoring it can sometimes be perilous and may land you in deep financial trouble
There may be huge discounts and easy EMI options on your favourite expensive smartphone, but do not swipe your credit card left, right and centre, warns Rajiv Raj
While HDFC Bank has vowed to recoup its lost market share in the credit card segment in three to four quarters by aggressively sourcing new cards, brokerages believe it is a little hard to come by, given how competitive the landscape has become, with other players in the market becoming equally aggressive to gain market share. Kotak Institutional Equities in its report on Monday said, "We would like to believe that the recovery in market share is likely to be gradual, if any. "All the key players, including Axis Bank, are now willing to expand their credit card portfolios as they have tested quite well against Covid-19."
According to data provided by Bankbazaar.com, for most banks, late payment fees range from Rs 100 to Rs 1,000, depending on the dues.
While some cards look exactly the same and some sound too good to be true, picking the card to suit you is the most crucial factor. Here's a simple checklist to help you clear the confusion and get the best deal.
The investigative arm of MRTPC has alleged flagrant flouting of the November 2005 RBI guidelines on credit cards by commercial banks like ICICI, HSBC and Citibank.
