March 13, 2024 07:43 PM ISTBoth banks have cited regulatory guidance received from RBI on March 12.
March 13, 2024 09:58 AM IST Axis' email to its credit card customers seeks invoices to verify that their trips were indeed intended for leisure. Usage for commercial or business purposes is not permitted, as it constitutes unfair accumulation of reward points.
March 12, 2024 10:06 AM IST The card is overpriced compared to the Standard Chartered-EaseMyTrip credit card. Consider this only if it's in tune with your travel and annual card spend patterns.
March 07, 2024 09:57 PM IST For the cardholder’s convenience, card transaction related data may be drawn directly from the card issuer’s system in an encrypted form and displayed in the co-branding partner (CBP) platform with robust security, the RBI said.
March 06, 2024 02:51 PM IST Credit card users will now have the freedom to choose between card networks. Until now, your bank decided the networks the card you were issued was based on. The RBI's latest directive gives more choice to card customers
March 06, 2024 12:59 PM IST Soon, to unlock complimentary domestic lounge access, YES Bank cardholders need to spend Rs 10,000 or more in a calendar quarter.
March 06, 2024 07:31 AM IST The convenience of managing finances at our fingertips comes hand in hand with a growing vulnerability to digital attacks. Arming yourself with knowledge, maintaining good digital hygiene and staying vigilant can be your shield against such frauds.
March 05, 2024 12:21 PM IST In June 2022, the RBI allowed RuPay credit cards to be linked to UPI. No other credit card has this facility. According to banking experts, allowing other networks to integrate with UPI will broaden the scope of digital payments, fostering competition and innovation.
March 01, 2024 07:29 AM IST From curbs on Paytm Payments Bank accounts to planning of investments to save taxes to paying advance taxes, a lot is happening this month. Here’s what to watch for.
February 28, 2024 09:50 AM IST Opting for a fixed deposit-backed card could mitigate issues of a poor credit score or an uneven income flow that would otherwise stymie a credit card application
February 16, 2024 09:19 AM IST As of September 2023, the home loan segment had the highest outstanding loans at 53.5 percent, followed by personal loans, vehicle loans, credit cards and consumer durable loans
February 01, 2024 05:03 PM IST With the interim budget not touching upon TCS on credit cards, those with foreign expenses can continue using their credit cards without worrying about TCS deduction.
February 01, 2024 08:25 AM IST In June 2023, the government reversed its earlier decision to bring credit card international spends under tax collected at source or TCS. The expectation was that these spends would eventually be brought under TCS but that has not been the case so far. According to credit card experts it is unlikely that the election budget will make announcement on this matter
January 25, 2024 06:13 PM IST The number of Rupay credit cards in circulation crossed 10 million in December, which is a little more than 10 percent of the overall credit cards in circulation.
January 12, 2024 11:16 AM IST Building a strong credit score takes time and responsible credit management. Your repayment history is given the highest weightage, so you must ensure that you pay all your dues on time to build and maintain a good credit score.
January 05, 2024 02:01 PM IST The bank has also withdrawn rewards on rent payments and e-wallet loading while levying currency conversion mark-up on payments in INR at overseas destinations.
December 22, 2023 08:02 AM IST An advantage of the virtual credit card is that it empowers cardholders with advanced transaction controls and limits that protect against misuse and reduce the risk of significant financial loss.
December 19, 2023 10:21 AM IST Though the card offers extra reward points for LIC policy premium payments, the reward rate is not very lucrative. Also, most benefits offered are available with other credit cards, too
December 18, 2023 06:27 PM IST With the new program, people will be able to access airport lounges without having a credit or debit card, DreamFolks said
December 18, 2023 12:47 PM IST In the post-Covid period, personal loans as a percentage of total bank loans have risen significantly. These loans are the first to take hit in the event of an economic crisis. The RBI action has come as a timely step
December 22, 2023 10:14 AM IST Many credit card holders have been found to use sharp tactics to earn faster rewards points. This has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists.
December 01, 2023 12:07 PM IST From providing nomination or opt-out for investments in MFs and demat accounts to changes to HDFC Bank’s Regalia credit card lounge access within India, you need to be aware of several changes in the financial arena.
November 09, 2023 03:29 PM IST A Paisabazaar report titled “Making India Credit Fit” says that awareness of credit has gone up sharply among young customers.
November 11, 2023 06:42 PM IST The key to maximising value is understanding the features and benefits of your travel card and using them smartly.
October 26, 2023 07:13 AM IST If the ratio is high and consistently so, it might indicate the individual is relying heavily on credit and may be under financial stress.
