Page 8 - Credit Card

Kotak Mahindra Bank actively working to address RBI's concerns: CEO

RBI barred Kotak Mahindra Bank from onboarding any new customers through its online and mobile banking channels and also prohibited it from issuing fresh credit cards

17,000 credit cards mapped to wrong users, no misuse reported: ICICI Bank

The second largest private sector lender, however, said that no instances of any misuse have been reported because of the error, and also promised to compensate users for any financial loss

RBI tells Kotak Mahindra Bank to stop issuing new credit cards

RBI said the bank can provide services to its existing customers, including its credit card customers

Rewards, lounge access downgrades: All changes to Axis Bank credit cards

Axis Bank credit card changes will affect lounge access, rewards programmes, and additional services for various card tiers

Paytm unveils Made-in-India soundboxes for UPI, credit card on UPI payments

Paytm on Monday launched two Made-in-India soundboxes for UPI and credit card on UPI payments. Paytm founder and CEO Vijay Shekhar Sharma said that the advanced soundboxes offer better sound quality and battery life, making them better suited to Indian conditions. The need for these hybrid soundboxes was felt in the backdrop of a high-noise environment in India, Sharma said describing the evolution of the company's soundbox offerings as 'legitimate India innovations'.

Debt settlement offers immediate relief but damages your credit score

A debt settlement involves negotiating a single payment with the creditor that is lower than the amount owed

From FASTag to Credit card policy: List of things changing from April 1

As April 2024 begins, we enter a new financial year with significant updates impacting our finances and investments. Whether it's about how we handle insurance, save for retirement

ICICI Bank credit card holders, beware: New lounge rules from April 1

Starting April 1, ICICI Bank credit card holders can avail one complimentary airport lounge access by spending Rs 35,000 in the preceding calendar quarter

Choose life policy carefully; early surrender can cause major losses

Switch credit card if changes in reward structure do not align with your needs

How can you transfer money from a credit card to a bank account?

Be mindful of your credit card usage and try to avoid excessive reliance on cash advances

Credit cards breach the 100 million mark in India, shows RBI data

But overall credit card spending saw a sequential drop in February due to considerable decline in point of sale and e-commerce payments

Change your credit card billing cycle to manage cash flow: Here's how

Timely payment of credit card bills is crucial to avoid a negative impact on your credit score and to steer clear of significant late fees

Mastercard, Visa reach $30 billion settlement over credit card fees

The antitrust settlement announced on Tuesday is one of the largest in U.S. history, and upon court approval would resolve claims in litigation that began in 2005

Explained: How to make payments using credit on UPI

As a customer, you have the option to use a pre-approved credit limit at the point of sale, integrated into the UPI platform

Axis Atlas credit card fiasco: How to avoid your rewards from being blocked

The bank has sent a web link in the mail, allowing users to submit invoices, online

RBI bars Federal, South Indian Bank from issuing co-branded credit cards

South Indian Bank has one co-branded credit card in partnership with the State Bank of India (SBI), available in two variants: SimplySAVE and Platinum

RBI tells 2 banks to stop adding new customers to co-branded credit cards

RBI directed South Indian Bank and Federal Bank to stop adding new customers to their co-branded credit cards, the lenders did not disclose the reasons cited by the central bank

Explained: Big changes for SBI, ICICI, Axis, Yes Bank credit card users in March 2024

Major banks in India have recently announced changes to their credit card rules. If you rely on your credit card for daily purchases, travel perks, or managing your finances, here's what you must know

Monitor end use of funds for business cards, says Reserve Bank of India

No need to approval for co-branded cards

Explained: RBI's new credit card issuance norms

The RBI has asked both banks and non-banking financial institutions issuing credit cards to offer customers options to select from multiple card networks.