Page 19 - Credit Card

Do borrowers have any rights?

Can the bank take shelter under the omnibus problems caused by the Covid-19 crisis to indiscriminately cut down on the sanctioned credit limits

Contactless cards may come in handy amid Covid-19, but there is risk

However, one has to be cautious, as electronic pickpocketing is catching up

Delinquency in credit card industry improved by 5 bps in 2019: Report

The outstanding portfolio of private banks in the credit card space has increased by 59 per cent year-on-year while other issuers saw a 20 per cent growth in 2019 over 2018.

Covid-19: Average card spend falls 25% as shopping, travel take back seat

With malls and shops closed, spending avenues are practically non-existent.

7 personal finance tips to guide you through these unprecedented times

Coming out of these unusual times financially fitter and stronger would require discipline, perseverance, conservancy tricks and fortitude. Here are some handy tips for millennials

Low consumption deepens SBI Cards' woes as Covid-19 lockdown gets extended

Worsening business conditions and sell-off by anchor investors have taken the stock southward

Think twice before availing RBI moratorium on your credit card dues

The accumulated dues will be very high, given the high interest cost on credit cards

30 mn debit, credit card details of WaWa customers up for sale online

WaWa has offered free credit monitoring and identify theft protection to customers.

Poor quality data, late reporting causing trouble with credit scores

There are quite a few problems with the credit score

How India's millennial credit card boom is running into Ambani's ambitions

India's richest man, Mukesh Ambani, wants to connect 30 million small retailers with common inventory-management, billing and tax platforms as well as low-cost payment terminals

Credit card spend expected to grow to Rs 15 trillion by FY24: Report

Moreover, the number of credit cards outstanding is also projected to grow at fast pace of 23 per cent CAGR in the next five years

SBI's credit card arm files offer document; aims to raise Rs 9,500 cr

The issue will comprise fresh fund raising worth Rs 500 crore, which will be used to augment the capital base to meet future business requirements

Want to keep more than one credit card? Tips you should not ignore

How many credit cards you have and how you use them could impact your credit score, it's essential to make the right choice

Use credit cards as convenient means to pay, not as instruments to borrow

Credit cards: Avoid the minimum amount repayment trap

Credit card dues bogging you down? Here are five ways to get rid of them

Yes, you will have to take some kind of loan, but it's better than paying usurious charges

Banks target weaker borrowers as credit growth slips: Why it's a risky bet

Unsecured loans can only offer banks a temporary shelter during a downturn in collateralised credit

Loan against credit card is an expensive way to get immediate liquidity

Loans against credit cards can be availed of quickly, but charge high interest rates, processing fee and prepayment penalty

SBI proposes to dilute stake in credit card business through IPO route

State Bank of India (SBI) on Wednesday said it is planning to dilute stake in its card business through the initial public offer (IPO) route. The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited. The Executive Committee of Central Board of the bank at its meeting held on Wednesday "has given in-principle approval to explore the possibility of diluting SBI's stake in SBI Cards & Payment Services Private Limited, a subsidiary company through IPO route at an opportune time, subject to the approval of RBI and other regulatory agencies in this regard," the bank said in a regulatory filing. Further, specific disclosures on offer for sale (OFS) by promoters will be be given, once the same is finalised by the bank, it said. The bank had launched SBI Card in October 1998. In December 2017, SBI and the Carlyle Group acquired GE Capital's stake in the joint venture. SBI holds 74 per cent, while Carlyle holds 26 per cent in the ...

The right way to cancel your credit card without hurting credit score

When an individual cancels a card, he also reduces his overall available credit

With Cred, we want to make credit cards more powerful: CEO Kunal Shah

Shah believes that Cred, which incentivises credit card payments with reward points, may just help card firms take on the wallets