Page 4 - Credit Card

Net card spending rises 60% as credit card additions rise to 4-mth high

The per credit card spending rose by 3.20 per cent Year-on-Year (YoY) from Rs 16,865.26 in December 2023 and 8.22 per cent YoY from Rs 15,584.21 in December 2022

What is credit card swipe charge: How it impacts merchants and consumers

Consumers should be aware of how these charges shape product prices and payment options

Flipkart Axis Bank credit card: Key changes in fees, surcharges & cashback

Effective December 20 last year, Axis Bank has changed the terms and conditions of the Flipkart Axis Bank Credit Card

Credit cards more than double in 5 years, debit cards stable: RBI report

The number of credit cards has more than doubled to around 10.80 crore in five years through December 2019 but the number of debit cards has remained relatively stable, says a Reserve Bank report released on Monday. The report also said digital payments in India have grown exponentially in the last decade. While in calendar year (CY)-2013 there were 222 crore digital transactions valued at Rs 772 lakh crore, it has increased 94 times in volume and more than 3.5 times in value to over 20,787 crore transactions valued at Rs 2,758 lakh crore in CY-2024. "In the last five years alone, digital payments in India have increased 6.7 times in volume and 1.6 times in value. This amounts to a five-year CAGR of 45.9 per cent in terms of digital payments volume and 10.2 per cent in terms of digital payments value," said the Payment System Report, December 2024. It further said at end-December 2024, the number of credit cards has more than doubled to around 10.80 crore as compared to December 201

Top premium credit cards for 2025: Check benefits that stand out

Cards offer benefits like free movie tickets, travel rewards, points and perks

Transferring money from credit card to bank account: How to do that

Charges for transferring funds depend on the method and the bank involved

E-commerce spend driving use of credit cards in non-metros, says Visa

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 and deposit grow at 11.5% in fortnight ending Dec 13: RBI data

Credit growth in the economy, which had previously been driven primarily by retail credit, has tapered off from its peak

Why your credit score is not improving despite timely bill payments

Applying for multiple credit cards or loans in quick succession leads to inquiries about your credit report

Credit card changes in 2024: Check out fees and rewards by different banks

Updates include extra fees and some offers being discontinued

Credit Card spends fall sharply in November after festive October high

Decline due to moderation in consumer spending; issuances come down

Top cashback credit cards to maximise savings on utility bill payments

Choosing the right credit card can significantly impact your monthly expenses, especially when it comes to utility bills

Supreme Court removes 30% interest cap on late credit card bill payments

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

Managing multiple credit cards? Points you should keep in mind

Before utilising multiple cards, assess your monthly income and fixed expenses to determine how much you can afford to spend

'Credit card delinquencies rise in June even as issuance growth drops'

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

HSBC India launches premium credit card Prive for private banking clients

The bank has unveiled its first premium credit card, HSBC Prive, designed with privileges exclusively curated for its private banking clients

What is a chargeback in credit and debit cards and how does it work?

Process involves a consumer's bank investigating disputes with merchants in recovering funds

Co-branded credit card share likely to double by FY28: Visa's Rishi Chhabra

Spends are 20% higher than traditional cards

SBI Card update: No reward points for spending on digital gaming platforms

Decision part of a broader revision of credit card policies by several banks in India

Are air mile credit cards worth it? Here's what you should know

Such cards are worth it if you are a frequent flyer and know how to use rewards offered