Credit Card Loans

Keep utilisation below 30% of your total limit: That is the simplest way to falling into trouble

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The card introduces India's first "Salary Day Bonus" feature, offering up to 37.5% rewards on salary disbursement days, enabling salaried employees to maximize returns on essential expenses

57% of borrowers shop online, with women (66%) surpassing men (55%), highlighting how digital convenience is empowering women to manage household purchases and finances independently

While spends saw a robust increase on a YoY basis, there was a slight moderation compared to previous month, where spends had touched Rs 1.93 trillion

For everyday borrowers, this means one thing: it's time to review your debt habits and prepare for a less forgiving credit environment.

Credit card loans offer quick cash but can quietly drain your finances. Here's a simple breakdown of how they work, what they cost, and when using them might backfire.

An important factor contributing to this uptrend in India, GlobalData believes, is the availability of installment facilities

From Malaysia's chicken burgers on credit to the US' DoorDash EMIs, Buy Now, Pay Later is creeping into daily essentials, raising alarms over rising household debt and a worsening global cash crunch

The data showed that banks' credit increased by 12 per cent year-on-year last month, slower than the 16.6 per cent rise a year earlier

The National Payments Corporation of India, which runs the real-time payments system Unified Payments Interface (UPI), launched the RuPay credit card programme in 2017

The growth of digital payments, internet services, and e-commerce has boosted the credit card industry, but EMIs for large purchases often lead young users to default

Credit card spend continues to see high growth despite risk weighting increase

Feature involves sending an immediate alert to the account holder before allowing any unusual or suspicious transaction initiated through their bank account

Last year the government had announced that credit card spends in a foreign currency will be a part of LSR's annual limit of $2,50,000

Strengthens top management with ex HDFC, Citi, Axis bankers

Use less than 30% of card limit; avoid frequent loan applications

The no-cost EMI offers allow consumers to buy different products in instalments without paying additional interest or charges. This implies that you will be paying only the actual price of the product