Page 7 - Credit Cards

Diwali bonanza: BoB has a plethora of deals, offers for credit card users

The offer is available with brands such as Amazon, Flipkart, Paytm, HP, Dell, Xiaomi, MMT, and more, both online and in-store

You can get a secure, numberless credit card that doesn't even require CVV

Fibe, a fintech firm formerly EarlySalary, has partnered with Axis Bank to launch a credit card with an added level of security as there will be no number, expiry date or CVV printed on the card.

Axis Bank, Fibe partner to launch India's first numberless credit card

The card offers cashback of a flat 3 per cent on online food delivery across all restaurant aggregators and local commutes on leading ride-hailing apps

You can soon create your card tokens directly from your bank account

Until now, the cardholders had to create different tokens through each merchant's application or webpage. This would require time and effort from the users.

ICICI Bank launches 'Festive Bonanza' with offers up to Rs 26,000

Further, the bank will also be introducing special festive offers on its home loans, auto loans, and two-wheeler loans

TMS Ep533: Credit card, Smriti Mandhana, sugar stocks, Cricket World Cup

Should you be worried about credit card bills? Is Smriti Mandhana the Kohli of women's cricket? Can sugar stocks sweeten your portfolio? Cricket World Cup 2023: All you wanted to know

Credit card spending surges to record high in India in sign of stress

Record-low rates offered to meet pent-up demand has seen banks' retail loan portfolio double between 2019 and now, raising concerns among policymakers

Credit card spending among Indians rises 2.67% to Rs 1.48 trn in August

The transactions at PoS increased by nearly 6.7 per cent to Rs 52,961 crore whereas e-commerce payments jumped to Rs 95,641 crore

Travel-based credit cards see 5-fold surge in demand, women take the lead

Axis Bank Vistara credit card, American Express Platinum Travel card, and SBI ELITE card credit have emerged as top-preferred among travellers.

Visa, Hyperface partner to advance credit access and co-branded credit card

Visa also aims to enhance end-user experience, create an intuitive onboarding process, and simplify card lifecycle management when accessing credit through partner banks

Rank loans, save money, seek advice: Strategies to get out of debt

Recovery agents cannot harass debtors and have to take consent before visiting them

Banks get 8 months to effect TCS on international credit card spend

Rule could be implemented from next fiscal year

American Express profit rises, sets aside more money for possible defaults

American Express saw its profit and revenue climb in the second quarter and credit card use is climbing, but the company's stock slipped before the market open as it set aside more money for possible defaults on payments. American Express earned $2.17 billion, or $2.89 per share, topping Wall Street expectations for $2.80, according to analysts surveyed by Zacks Investment Research. A year earlier the company earned $1.96 billion, or $2.57 per share. Total provisions for credit losses were $1.2 billion. In the prior-year period it was $410 million, theNew York company said, citing higher net write-offs and a net reserve build of $327 million, compared with a net reserve build of $58 million a year ago. Shares fell nearly 4% before the market opened Friday. Revenue, net of interest expense, climbed to $15.05 billion from $13.4 billion, mostly due to higher average loan volumes and increased card member spending. That was short of Wall Street projections for $15.42 billion. Card mem

What are cashback credit cards? Which are the best ones? How to pick?

With a cashback card, you can get a direct value back on your credit card purchases.

Credit card spending hits record high at Rs 1.4 trn in May: RBI data

Credit card spending has hit a record high of Rs 1.4 lakh crore in May, the latest data from Reserver Bank of India showed. The total spending or outstanding dues on credit cards, which remained rang-bound throughout the year in the previous fiscal, have been rising by 5 per cent month on month this year. Similarly, the number of cards in use has also jumped by more than 5 million since January and crossed 87.4 million in the reporting month, making this also an all-time high in May, according to the RBI data. Of the new additions, as much as 2 million were used in the first two months of the current fiscal alone. In January 2023 there were 82.4 million active cards in the country. The number has been growing steadily and reached 83.3 million in February, 85.3 million in March and 86.5 million in April, the data showed. Credit card spends were in the range of Rs 1.1-1.2 lakh crore throughout FY23, but reached an all-time high of Rs 1.4 lakh crore in May this year, according to the

Banks seek clarification from govt before TCS on credit cards kicks in

Banks are particularly concerned about use of several cards and bank accounts to make a simple remittance

Explained: How to maximize card reward points without having to overspend

Don't bust your budget just for earning the reward points

Rewards galore: Most loved credit cards for online spends in India

India is approaching 100 million (10 crore) credit cards. Just 4 banks account for 71% of all credit cards

New TCS norms on credit card spends: More than a matter of exchange

Money changers are miffed at the tax exemption for credit card forex spends of up to Rs 7 lakh a year under the liberalised remittance scheme

Credit cards in force touch new high in April even as rollovers decline

Increasing reach and rewards boost credit card spends