Reduce the credit limit on your card if you do not use it. Most banks have this facility, and the original limit can be restored if you need it.
While you go about it, please note that if it is difficult for you to keep your spending habit in check, all the benefits of getting a credit card limit increase will be pointless.
Private sector banks that announced their earnings for the October-December quarter (Q3) of 2024-25 (FY25) reported a rise in credit costs due to higher provisions, mainly for unsecured retail loans.
Domino's India data that included sensitive customer information such as their names, phone numbers, and credit card details has allegedly been breached and put on sale on the dark web. According to tweets by Israel-based Co-Founder and Chief Technology Officer of cybercrime intelligence firm Hudson Rock, Alon Gal, the data is worth 13 terabytes (TB). He tweeted on Sunday that the data includes as many as 180 million order details, including 1 million credit card details. The data, said Gal, was up for sale on the dark web. The threat actor, he said, was asking for $550,000 for the data.
Awareness about need to have good credit record prompts users to pay on time.
Here's how you can do it without burning a big hole in your pocket.
Do you think this is a good incentive to make people use credit cards more? Have you ever got any cash back on the use of credit cards that offer 'cash back'?
Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year. The Bengaluru-based fintech company is on track to roll out credit products such as credit on Unified Payments Interface (UPI), unsecured credit cards, and personal loans within the first half of the next calendar year (2025).
Here's how to get out of this situation without hurting your CIBIL score.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Used prudently, plastic money is among the most useful, powerful and non-polluting kind of plastic invented. Be smart with it!
A look at the fine print in your credit card usage.
Important points to remember when you think of transferring your credit card balance.
When you pay by cash, the pain is the highest and when you pay by credit card, the pain is reduced considerably.
It is therefore important that precautions are taken so that you do not have to pay financially for the misdeeds of others.
Here's a quiz on credit card designed to test your basics. Take it!
HDFC bank and Reliance Communications have launched India's first virtual credit card. HDFC credit card users can use their Reliance mobile phones to make payments.
Too much unsecured loan can harm your CIBIL rating.
Here's your chance to find out if a credit card number is valid or not in three simple steps.
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
Do you think credit cards -- more so student credit cards -- if used judiciously can benefit you? Or do you think owning a student credit card is a sureshot way of jumping into a debt trap? Whatever your feel, please post your opinions here...
5 precautionary measures you must take to prevent any misuse of your credit card.
Using credit or debit cards abroad can prove costly.
You may think that teenagers and credit cards are a recipe for disaster but before you dismiss the idea give it a second thought.
Here's why VCCs are the best options for credit and debit card holders for avoiding phishing and frauds
Did you know that credit cards can in fact help you to improve and build your credit score if used responsibly and wisely!
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
According to the latest data released by the Reserve Bank of India (RBI), the number of credit cards in the country increased by 128,000 in May. HDFC Bank added the most number of cards in May (69,974). State Bank of India (SBI) was next with 34,183 cards. SBI sells credit cards through SBI Cards, its joint venture with GE Capital. However, ICICI Bank and HSBC have reduced their credit card portfolios by 11,029 and 11,024, respectively.
12 types of credit cards you must know of and when you become eligible to own one.
This latest credit card product is a double-edged sword. Beware before you get ensnared!
Some significant points before you zero-in on number of credit cards you should possess
The bank has said rent payments will not earn reward points, and redemption of reward points on various cards have been capped in certain segments.
There is a general tendency to carry more and more credit cards nowadays. But how many credit cards should one hold?
Be careful about what and how you spend using your credit card while travelling abroad.
Kotak Mahindra Bank would enter credit cards business to enhance the portfolio of services offered by it, vice-chairman and managing director of the bank, Uday S Kotak, said on Wednesday.
Defying the bearish sentiment in the markets on Monday, ICICI Bank's share price rose by 2 per cent, reaching an intraday high of Rs 1,234.4 per share on the BSE. With a 1.5 per cent gain at the close, the stock emerged as the top performer on both the BSE Sensex and the National Stock Exchange Nifty 50 indices.
Indians withdrew about $50 billion from their credit cards, including $26 billion through Visa cards, from ATMs in the country last year, Uttam Naik, deputy country manager, Visa International (South Asia) said on Monday.
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