Credit Card

Credit card penetration lags in India despite better asset quality: Cibil

Credit card penetration in the country has been low when compared to even developing countries despite a variety of tailwinds like improving delinquency levels, a top official at Transunion Cibil said on Wednesday. The product's contribution to a wider credit ecosystem has gone down, with only 8 per cent of new additions being new to credit as against 26 per cent in the year-ago period, Bhavesh Jain, the Managing Director and Chief Executive of the company, told reporters. India has 5.2 crore people having credit cards, which is just 25 per cent of the overall credit active population of about 25 crore people, he said, adding that developed and developing countries have a higher proportion of people using credit cards. A white paper prepared by the credit information company said the same proportion stands at 62 per cent in Columbia, 98 per cent in Hong Kong, 81 per cent in the USA and 70 per cent in the UK. Over the years, credit cards -- which are majorly used for consumption ...

Map spending pattern, pick credit cards that align with it to boost savings

Relying on generic cards that offer flat, low reward rates can reduce your savings

SBI Card leads May credit card additions as industry adds nearly 1 mn cards

SBI Card added the highest number of new credit cards in May as the industry added nearly one million cards, while credit card spending rose to Rs 2.02 trillion

RBI asks banks to provide shadow reversal in 5 days for credit card frauds

The Reserve Bank on Wednesday said in case of complaints of fraudulent electronic banking transactions via a credit card, a bank should provide shadow reversal or provisional credit of the disputed amount within 5 days from the date of customer notification. The RBI has issued revised framework on limiting customer liability in digital transactions. A bank should design its systems and procedures to make customers feel safe about carrying out electronic banking transaction (EBT) and it should put in place appropriate systems and procedures to ensure safety and security of EBTs carried out by customers, the amended norms said. "A bank shall mandatorily send instant SMS alerts to its customers for all EBTs of value more than Rs 500. For EBTs of value up to Rs 500, a bank may decide to send instant SMS as per its internal policy but without any charge to the customer," the RBI said. These norms will come into effect from January 1, 2027. Also, the bank's communication systems, deploy

How to Check Your Credit Card's Airport Lounge Access Benefits Before Traveling

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True cost to interest: How to choose a credit card that serves your needs

If you use the card wisely, pay in full and on time and keep utilisation at 30% or below, it improves your credit score

Valuations, growth prospects to limit downside risks for SBI Card

Improving asset quality and lower credit costs could support earnings growth, even as receivables expansion remains subdued and cost pressures persist

Credit card adoption rises in Tier-II, -III cities: SBI Card report

Rising incomes, digital adoption, and UPI-linked RuPay cards are accelerating credit card usage in smaller cities, according to SBI Card's latest report

Best Lifetime Free Credit Cards in India for 2026

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Metal credit card for founders? IDFC FIRST bets big on the start-up economy

This New Credit Card Targets Startup Founders Paying For Ads, SaaS And AI Tools

Making the most of credit cards: 6 smart reward strategies for 2026

Maximise your 2026 credit card returns by mastering techniques that turn routine spend into high-value rewards

Corporate credit card overdue applicable only to corporate entity: RBI

RBI clarifies overdue and asset classification for corporate credit cards under joint liability will apply only to firms, aiming to standardise reporting and ease bank capital load

Credit card spend touch 3-month high at ₹2.19 trillion in March: RBI data

FY26 card spends up 12% to ₹23.62 trillion

As credit card benefits decline, leverage offers to earn more rewards

The best way to optimise benefits is to keep multiple cards and use the one offering highest rewards for each spending category

Display steady credit behaviour for 3-6 months for easier card approval

Repay loans on time, keep credit utilisation below 30%, and avoid too many applications within a short period

Visa's Sandeep Ghosh to step down as India, South Asia country manager

Ghosh took over the role of country manager from T R (Ram) Ramachandran in March 2022

Businesses can pay customs duty via UPI, cards on ICEGATE portal: CBIC

Businesses can now use UPI, debit or credit cards for paying Customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said. The CBIC in a circular said ICEGATE e-Payment platform has enabled 'Payment Aggregator' as an authorised mode to facilitate customs duty payment. ICEGATE essentially functions as the digital backbone of Indian customs and acts as an interface through which importers and exporters file documents, track clearances, and discharge duty payments. While the system has evolved significantly over the time, the payment mechanism remained largely anchored to a limited set of authorised banks and conventional channels such as net banking and NEFT/RTGS. "With the rollout of a payment aggregator on ICEGATE, duty payments are no longer confined to specific banking channels. Businesses can now use UPI, debit or credit cards, and access a significantly wider banking network bringing a greater degree of ease and convenience in making paymen

Income Tax Rules 2026: What changes for credit card users from April 1

New reporting rules and mandatory PAN linkage will transform credit cards into transparent extensions of tax identities

SBI Card's share in credit card spends rises to 17.6% in Apr-Feb 2026

Analysts said the decline in private banks' share was largely driven by contraction among small and mid-sized lenders, while leading private banks broadly maintained their positions

Fintech Pine Labs to launch stablecoin payments outside India, says CEO

Pine Labs does not plan to launch the product in India or China, Rau said