RBI curbs on Kotak Mahindra Bank to hurt retail business, stock may fall up to 5%, says expert
RBI barred Kotak Mahindra Bank from onboarding clients through digital channels due to supervisory concerns over their technology platforms.
Funding your dream vacation - Some options, their pros and cons
The trend of borrowing money to fund vacations can weigh heavily over the years. The better option may be to look for ways to boost income, create additional avenues for income or create a corpus via recurring deposits or savings schemes. This will be easier than schemes that bear the burden of high interest rates.
SBI Card launches 3 credit card variants in travel category with SBI Card Miles
SBI Card MILES users can convert travel credits to air miles and hotel points with card partners. Users get accelerated rewards on every travel booking, and airport lounge access, among other benefits. The annual charges for the card start from Rs 1,499 and go up to Rs 4,999, before tax.
The new Axis Bank Shoppers Stop credit card: Key details to know before you apply
This co-branded credit card offers accelerated rewards on shopping, coupled with the convenience of fuel surcharge waivers, dining privileges and many more. The joining fee for this credit card is Rs 500 plus applicable taxes.
SBI Unipay's failed bill pay transactions, delayed refunds leave customers in limbo. Here's what you can do next
Lately, there have been several complaints against SBI Unipay, a bill payment aggregator service, where the payment gets deducted from the customer’s bank account, but the bill payment fails on the platform.
IDFC First Bank Announces Changes On Credit Card Benefits | Here Is What Do You Need to Know
IDFC First Bank has reduced reward points for online purchases, increased spending requirements for airport lounge access, and modified terms for utility and rent payments via its cards, effective May 1, 2024. Watch for more details!
Now, IDFC First Bank cuts credit card benefits; what it means for cardholders
IDFC First Bank has revised the reward points system, introduced surcharges on utility transactions, increased spending criteria to access airport lounges, among other things on its credit cards.
AU Small Finance Bank, IDFC First Bank slash benefits on credit cards. What does it mean?
Holders of cards issued by these lenders will have to pay processing fees for rent and education transactions, surcharges on utility transactions, among other things.
Yes Bank, IDFC First Bank to levy surcharge on utility payments with credit cards
The two banks are introducing the surcharge with effect from May 1 because this is a low-margin business category, and to prevent misuse
Axis Bank credit card fiasco: Customers hit by fraudulent international transactions must act quickly to protect themselves
To start with, you may want to disable your international transactions immediately and ignore messages/email alerts to enable international online usage until the issue is sorted out. You can file complaints and claim refunds as per RBI rules, says Axis Bank.
Kotak Mahindra Bank open to more partnerships on co-branded credit cards, says senior executive
The bank already has five co-branded credit cards -- with IndiGo Airlines, PVR, Indian Oil Corporation, Myntra, and Metro Cash and Carry.
Rewards Restrictions: What does it mean for Axis Bank cardholders?
The Bank has also chopped off benefits on travel credit cards, which includes the Atlas credit card, and co-branded credit cards such as Vistara Infinite and Vistara Platinum. The changes will be effective April 20, 2024.
Federal Bank, South Indian Bank announce measures on co-branded credit cards
Both banks have cited regulatory guidance received from RBI on March 12.
Using Axis Atlas credit cards for ‘business’ spends lands cardholders in a soup
Axis' email to its credit card customers seeks invoices to verify that their trips were indeed intended for leisure. Usage for commercial or business purposes is not permitted, as it constitutes unfair accumulation of reward points.
Should you apply for the PNB-EaseMyTrip co-branded credit card?
The card is overpriced compared to the Standard Chartered-EaseMyTrip credit card. Consider this only if it's in tune with your travel and annual card spend patterns.
RBI asks card issuers to put in place mechanism to monitor end use of funds
For the cardholder’s convenience, card transaction related data may be drawn directly from the card issuer’s system in an encrypted form and displayed in the co-branding partner (CBP) platform with robust security, the RBI said.
Credit card users can now choose between Visa, Mastercard, RuPay and Amex. Here’s what you need to know
Credit card users will now have the freedom to choose between card networks. Until now, your bank decided the networks the card you were issued was based on. The RBI's latest directive gives more choice to card customers
YES Bank imposes minimum card usage to unlock domestic airport lounge access
Soon, to unlock complimentary domestic lounge access, YES Bank cardholders need to spend Rs 10,000 or more in a calendar quarter.
How to avoid falling prey to OTP fraud
The convenience of managing finances at our fingertips comes hand in hand with a growing vulnerability to digital attacks. Arming yourself with knowledge, maintaining good digital hygiene and staying vigilant can be your shield against such frauds.
Linking RuPay credit cards to UPI: What you need to know
In June 2022, the RBI allowed RuPay credit cards to be linked to UPI. No other credit card has this facility. According to banking experts, allowing other networks to integrate with UPI will broaden the scope of digital payments, fostering competition and innovation.
Restrictions on Paytm Bank to paying advance taxes, here's your guide to five key financial changes this March
From curbs on Paytm Payments Bank accounts to planning of investments to save taxes to paying advance taxes, a lot is happening this month. Here’s what to watch for.
Is your credit card application getting rejected? Try an FD-backed card
Opting for a fixed deposit-backed card could mitigate issues of a poor credit score or an uneven income flow that would otherwise stymie a credit card application
Up to 58% of home loan borrowers take Rs 10-50 lakh loans: Bank of Baroda study
As of September 2023, the home loan segment had the highest outstanding loans at 53.5 percent, followed by personal loans, vehicle loans, credit cards and consumer durable loans
Budget 2024: No announcement on TCS on international credit card spends
With the interim budget not touching upon TCS on credit cards, those with foreign expenses can continue using their credit cards without worrying about TCS deduction.
