Page 5 - Credit Cards

Goldman Sachs in talks to transfer GM credit card partnership to Barclays

Goldman Sachs had planned to scrap its co-branded credit cards with GM last November

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

Credit card spends rise 27% to Rs 18.26 trillion in FY24: RBI data

As of March, the outstanding number of credit cards in the system was 101 million, inching up from 100.60 million at the end of February 2024

Fintech major BharatPe launches an 'all-in-one' payment acceptance device

The device enables transactions via different methods such as point-of-sale (PoS), quick response (QR) code, tap-and-pay and traditional card payment options such as debit and credit cards

Credit card cash payments: 6 high-value transactions can get you I-T notice

Unusually high cash payments to credit cards over Rs 1 lakh or large debt repayments over Rs 10 lakh using cash might warrant investigation

Indians love UPI, credit cards, and these payment apps

According to a recent report by Worldline, a global leader in payment services, the Unified Payments Interface (UPI) continues to dominate India's digital payment scene. In the second half of 2023 >

Explained:The hidden costs of paying only the minimum on your credit card

Since only a small portion of your payment goes towards the principal balance, it takes much longer to pay off the debt completely.

Can credit card be used beyond sanctioned limit? All your queries answered

Usage of a credit card beyond the sanctioned credit limit (i.e., overlimit) requires prior explicit consent of the cardholder, as a fraud minimisation mechanism.

What should you do if a credit card is issued without your consent?

Unsolicited Credit Card is a credit card issued without a specific written/digital request or an application therefor.

IndusInd Bank launches Indus PayWear, an all-in-one tokenisable wearable

This tokenisable wearable, for both debit and credit cards, has been launched by Induslnd Bank in collaboration with Mastercardand can be purchased in the form of a ring, watch clasp, or stickers

Banks must give customers choice to select credit card network: RBI

Some arrangements between card networks and issuers are 'not conducive' for customers, it says

PNB ties up with EaseMyTrip to launch travel credit card: Key features

With a joining fee of Rs 2,000, this card offers many benefits like free lounge access, cashback, and discounts on EaseMyTrip bookings. Recently, AU Bank also introduced the ixigo AU Bank Credit Card

RBI directs credit card issuers to give users choice of other networks

RBI on Wednesday said issuers of credit cards shall not enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks

Credit cards in force shy of the 100 million mark, shows RBI data

December saw highest addition of cards in 2023

Fuel, travel cards top demand in 2023: Here are the most popular ones

Travel and e-commerce cards witness faster adoption

Hurdles and solutions: What self-employed should do to get term insurance

Sum insured should be equivalent to 10-15 times income and the cover should extend until financial liabilities have been settled

Bank credit to industry slows to 6.1%, services sector sees growth: RBI

The retail loans growth decelerated to 18.6 per cent in November 2023 from 19.9 per cent a year ago due to moderation in credit growth to housing

ToneTag launches CUSP for digital payments, contactless tokenised cards

It supports secure offline data transfer to enable contactless payments, and voice computing for voice payment experience, among other features

Co-branded, cashback and utility perks: Most popular credit cards of 2023

s cashback came out as an easy way to earn value-back, rewards credit cards also went through an overhaul to match up to the value potential of cashback cards.

Credit card spending take 10% dip in Nov as festive season comes to end

Point of Sale (PoS) transactions increased to Rs 59,014.93 crore in November from Rs 57,774.35 crore in October