SBI Cards must leap over stressful quarters for a runway of recovery
Asset quality pressures are expected to stay elevated in credit cards for FY25.
Trump’s proposed max 10% interest on credit cards; how does India fare?
Credit card interest rates in India can go up to 53 percent, though some banks offer products with lower rates. But they are not easy to lay one's hands on.
Vault Matters: The partial stand on usurious pricing
It’s time RBI calls out the rates charged by banks on credit cards as usurious. Singapore is a step ahead on this. Timely action is critical because the repercussions of increasing delinquencies among middle class borrowers can be far more scathing than what’s playing out in the low income category. The latter somehow or other gets support from the government. The middle class is left on its own
Financial changes in November: SEBI’s insider trading norms, RBI’s new NBFC-P2P rules and ICICI Bank’s credit card revisions
November has several rules coming into force — SEBI has broadened the scope of insider trading norms and RBI has tightened regulations on escrow accounts for NBFC-P2P lending platforms, among others.
American Express Platinum Card revamped: Enhanced benefits, but fees higher too
American Express has introduced new benefits for its premium credit card holders such attractive renewal offers and expanded hotel partnerships, but has rolled back certain other privileges, besides increasing the annual fee to Rs 77,800, including 18% GST.
ICICI Bank revises credit card perks, doubles minimum spend for lounge access to Rs 75,000
Effective from November 15, ICICI bank has capped rewards on utility, insurance, and grocery transactions, revised fuel surcharge waiver and more.
ICICI Bank, MakeMyTrip launch co-branded credit card for travel. Should you get one?
This credit card is ideal for frequent MakeMyTrip users, offering versatility and value. Rewards, however, are restricted to MMT bookings and international lounge visits are limited
Understanding Credit Cards: A guide for young adults
Credit cards can be a powerful financial tool, but they can also lead to debt if not used responsibly. As a young adult, it's important to understand how credit cards work and how to use them wisely
MC Explains: October financial changes: NSS, PPF, credit cards & taxes | Personal Finance
Get ready for significant financial updates starting October 1! This video covers new rules for National Small Savings (NSS) and Public Provident Fund (PPF) accounts, changes in insurance policy waiting periods, updates on credit card rewards, and the revised buyback tax structure. Learn how these changes impact your investments, loans, and overall financial planning! Don’t miss out—watch now to stay informed!
There is more pain in store for banks from credit cards
A busy third quarter doesn’t spell good news for asset quality.
No-cost EMIs and BNPL schemes are attracting younger consumers who desire flexibility, ease, and control over their payments: Raj Khosla
Mismanaging your credit card repayment cycle, missing EMIs, and accumulating excessive unsecured debt can lead to increased credit card APRs, says Khosla.
RuPay, Visa or MasterCard? From September 6, you'll have the power to choose your credit card network
Enabling customers to choose their preferred card network may offer benefits like wider acceptance, memberships and so on. However, experts say that it might not bring down the card fees.
Come September, don’t let these 7 changes surprise your wallet
A slew of changes are due In September, some of which could hurt your wallet if you’re not careful.
Co-branded cards have advantage in activation over traditional ones: RV Ramanathan
The co-Founder and CEO of Hyperface says as regulations for co-branded cards evolve and customer needs become more sharply defined, the segment will witness faster growth.
How credit card balance transfers can ease your debt burden
Credit card balance transfer carries interest, but it will be much lower than credit card finance charges.
Festive shopping: 7 tips to make the best of 'handsome' offers
Freedom sale, Ganesh Chaturthi and upcoming festivities bring with them ‘irresistible’ shopping offers. Shop, but don’t overdo it. Compare the prices online and offline, use cards for instant discounts. Remember, not to fall into a debt trap with EMI schemes
Chart of the Day: Do banks want credit cardholders to swipe more but spend less?
Banks want customers to keep swiping but for lower amounts.
Elevated stress of SBI Cards points to trouble in plastic paradise
Credit cards are a high-yielding but high risk business and standalone card issuers cannot hide troubles like banks can.
Card Alert: Banks are reducing the minimum amount due; here’s why that’s not such a great deal
While it enables the customer to pay more regularly rather than default, it also means a higher outstanding on which interest is levied. So, reducing the minimum amount due ultimately benefits the bank.
Cred's Kunal Shah doubles down on affluent users, launches unified financial data platform
Focussing on the most affluent customers, Cred recently launched a luxury rewards programme called “Only Fridays”, where the company offers premium headsets and speakers, luxury watches, Playstation, designer clothing and accessories
Should you apply for the rebranded HSBC cashback credit card?
HSBC Live+ Credit Card offers luxury benefits on travel, lifestyle spending and cashback. The cardholders will get 15% discount at restaurants across Asia. The card also offers 10% cashback on spending in three categories: dining, food delivery, and groceries.
MC Exclusive | NPCI likely to fix 1.2% interchange for pre-sanctioned Credit Line (CL) on UPI, issue circular next week
While there could be different credit line products, interchange could be a flat rate to avoid operational complexities. The credit line will not be available for person-to-person money transfers
HDFC Bank has revised terms for credit cards: Here are the key changes
One significant takeaway from the revised terms is that HDFC Bank credit cardholders should henceforth avoid rental and educational transaction payments through third-party apps and platforms to reduce the burden of additional charges.
As RBI forces bigwig issuers to rein in credit cards, lenders turn wary of plastic
Growth in credit card issuance and spends have moderated, but Indians remain big spenders
5 best debit cards designed to fetch you the travel benefits
International Travel Debit Card: Just like credit cards, choosing the right debit card can significantly enhance your travel and lifestyle experiences, allowing you to enjoy a world of offers and benefits.
