HDFC credit card users face new charges on rent, wallets, gaming, and utilities from July 1, with tighter reward caps and GST on fees.
Credit card spends surged 18 per cent YoY in April but fell 8.7 per cent from March, as issuers remained cautious on new cards due to stress in unsecured portfolios
'It's not how many points you earn, but what they're worth,' says Adhil Shetty, 'as flashy reward rates often hide poor rupee conversion value.'
The two banks added close to 325,000 new credit cards, with the overall banking industry adding 8 million credit cards in FY25
Card addition slows in FY25 following higher risk weight norm
HSBC India's new travel rewards programme lets cardholders transfer points to 20 airline and hotel partners at 1:1 ratio. It is available from April 1, 2025, via the HSBC India Mobile App.
Card offers various schemes to people who frequently use Tata group companies' products and services
84% of them say they will support local small businesses while visiting a new destination, according online survey by American Express
If a specific card encourages overspending and leads to mounting debt, cancelling it might help you regain control
February has traditionally seen a slowdown in discretionary spending as consumers prioritize tax planning. Additionally, with major festive spending already concluded
The company plans to enhance its product offerings, strengthen its team, and accelerate its growth plans
Some banks may charge a one-time processing fee for converting payment balance into EMIs
Lenders have announced new policies for ticket vouchers, renewal perks, milestone rewards
Number of outstanding credit cards stood at 109.31 mn, up from 108.87 mn at the end of January
Look for extra reward points or cashback on spending; ensure the card's annual fee is justified by its benefits
Grocery, fuel and utilities are among the top spend categories for the credit card
A forex card should be for most expenses and credit for emergencies or big-ticket items, say finance experts
A Credit Card Protection plan offers insurance against fraud, covering unauthorised transactions. Some financial institutions also provide reimbursements, ensuring added security for consumers
Do your research and understand the complete list of product offerings before opting for a new card
Customers will continue earning Maharaja Points on eligible transactions, with validity and redemption as per Air India's Maharaja Club