Cards offer benefits like free movie tickets, travel rewards, points and perks
Charges for transferring funds depend on the method and the bank involved
Credit card transactions saw a substantial 175 per cent increase in Tier-III cities, compared to just a 27 per cent increase in Tier-I cities
Credit growth in the economy, which had previously been driven primarily by retail credit, has tapered off from its peak
Applying for multiple credit cards or loans in quick succession leads to inquiries about your credit report
Updates include extra fees and some offers being discontinued
Decline due to moderation in consumer spending; issuances come down
Choosing the right credit card can significantly impact your monthly expenses, especially when it comes to utility bills
RBI stated that while it has directed banks not to charge excessive rates of interest, it does not directly regulate the rates charged by banks
Before utilising multiple cards, assess your monthly income and fixed expenses to determine how much you can afford to spend
According to CRIF data, delinquencies in the 91-180 DPD category increased to 7.6 per cent in October 2023, up from 6.5 per cent in June 2023
The bank has unveiled its first premium credit card, HSBC Prive, designed with privileges exclusively curated for its private banking clients
Process involves a consumer's bank investigating disputes with merchants in recovering funds
Spends are 20% higher than traditional cards
Decision part of a broader revision of credit card policies by several banks in India
Such cards are worth it if you are a frequent flyer and know how to use rewards offered
Following the development, RBL Bank informed that co-brand cards issued to date will continue to operate as usual without any change
RBI restricted co-brand partners' role to distribution only
Net addition in cards in October stood at 786,337
In India, out-of-pocket medical expenses are high. Many patients don't have a medical cover, while others have an inadequate amount