Page 5 - Credit Card

85% of credit card users in India shop online during festive season: Survey

The surge in online shopping is linked to the range of discounts and special offers provided by e-commerce firms during the festive sales

How changing your credit card billing cycle can help in better cash flow

A billing cycle that aligns with your financial inflow can simplify budgeting. You can plan your expenses more effectively when you know exactly when your credit card payments will be due

How changing your credit card billing cycle can help in better cash flow

A billing cycle that aligns with your financial inflow can simplify budgeting. You can plan your expenses more effectively when you know exactly when your credit card payments will be due

Credit card rewards, benefits cut: What options do customers have?

RBI has established guidelines for banks issuing credit cards, to protect customers when terms change

Improve score, opt for secured credit card to tackle squeeze in issuances

If you are finding it hard to get a personal loan, try to get a collateral-based one

Save more on fuel with rewards, discounts with these 5 credit cards

Apart from offers and benefits on your fuel expenses, cards provide offers in dining, shopping and entertainment

YES Bank, ICICI update credit card rewards: More spending, fewer benefits

From December 1, YES Bank will cap YES Rewardz points on flights and hotel bookings. ICICI Bank will raise lounge access spend requirements from November 15

Banks curb credit card issuance as delinquencies rise this festival season

Amid rising delinquencies, banks are slowing down on new credit card issuances this festive season; lenders are cautious due to increased default rates in unsecured lending

Guruji student credit card scheme fails to take off in Jharkhand

Under the scheme, a loan of up to Rs 15 lakh will be given at an interest rate of only 4 per cent with a condition to repay in 15 years

Credit cards get a festive boost, spending increases 25% in September

Experts attributed the healthy growth to festive demand and the base effect

RBL Bank, Mahindra Finance get RBI nod to launch co-branded credit cards

Non-bank lender Mahindra Finance on Monday announced that it will be launching a co-branded credit card with RBL Bank. Mahindra Finance said it has received the RBI nod for launching the offering. Managing Director and chief executive Raul Rebello said the offering will be designed to help meet its customers' aspirational needs. The announcement comes amid heightened concerns about the credit card portfolios, and also regulatory attempts to disincentivise growth in such riskier assets. A Mahindra group entity has 3.53 per cent "strategic" stake in RBL Bank which was bought for Rs 417 crore, while RBL Bank is attempting to decrease its reliance on Bajaj Finance to distribute credit cards. Rebello said this will be a maiden co-branded credit card offering for Mahindra Finance and that there are significant synergies between the company and the bank. "Our aim is to provide a one-stop solution that offers unmatched benefits across a wide range of categories," RBL Bank's executive dire

How are credit card rewards programs different from loyalty programs?

Both credit card rewards programs and loyalty programs aim to incentivize consumer behaviour, they do so through different mechanisms and with varying goals

PNB credit card offers discounts and cash backs for festival season

Cardholders may get discounts on consumer durables, travel bookings, eating out, food and grocery deliveries

Goldman, Apple to pay $89 mn following CFPB probe of credit card JV

"Apple and Goldman Sachs illegally sidestepped their legal obligations for Apple Card borrowers," CFPB Director Rohit Chopra said in the statement

Save up to Rs 1 lakh! Credit cards offer festive discounts and deals

BOBCARD's festive offers span e-commerce platforms, electronics, travel, and grocery shopping

Tata Digital launches life insurance products on Tata Neu with Tata AIA

Like in other offerings, customers buying insurance products will also earn NeuCoins, which can then be redeemed across the Tata ecosystem

Funds for foreign trip; translation as career: Top personal finance stories

This week we report on how to manage finances when you are in a foreign country and how you can earn by translating literature

If your credit card has been compromised, here is what you should do

Change passwords for accounts associated with the card, contact the police

Payment app CRED reports 66% increase in revenue to Rs 2,473 cr in FY24

Credit card bill payments app CRED on Monday reported 66 per cent year-on-year increase in revenue to Rs 2,473 crore in FY24, on the back of growth in monetised members and a drop in user acquisition costs. Operating losses were reduced by 41 per cent from Rs 1,024 crore in FY23 to Rs 609 crore in FY24, a company statement said. "This came on the back of some very exciting sort of pieces of execution that we always had as a thesis, but it's always good to see that play out in action. The number of members that we monetised grew 58 per cent year-on- year. Our CAC (customer acquisition costs) came down significantly by 40 per cent," CRED founder Kunal Shah said during a press briefing. Total Payment Value (TPV) for the platform surged 55 per cent to Rs 6.87 lakh crore, while monthly transacting users (MTU) rose by 34 per cent. "Members used CRED for a wide range of payments beyond credit card bills, with strong adoption of P2P UPI payments. They also expanded adoption of CRED Pay acr

Flipkart sees multi-fold jump in customer purchases using credit facilities

E-commerce company Flipkart on Saturday said it saw a multi-fold jump in customers' purchases using credit facilities during the first two days of its annual festive season sale 'The Big Billion Days'. The Walmart group firm recorded 27 times jump in the third-party easy monthly instalment (EMI) usage during The Big Billion Days' compared to usual business days. "With 5 per cent cashback on every purchase using the Flipkart Axis Bank credit card, the co-branded card witnessed a spike of 20 times in overall spends and eight-fold transactions when compared to the non-sale days. Flipkart Pay Later EMI witnessed a 8.5 times spike in the daily transactions run rate compared to the pre-TBBD period," the company said. Flipkart said that it has recorded over 33 crore user visits, implying repeat visits of individuals several times on the platform, during the first two days of The Big Billion Days (TBBD), which started on September 26 for select users and on next day for everyone. The compa