Credit Cards

June 02, 2023 04:54 PM IST

Car breakdown or a flat on the expressway? Your credit card can rescue you

When using roadside assistance, it's crucial to understand that this service is not meant to replace comprehensive auto insurance coverage. Roadside assistance typically covers immediate breakdowns and emergencies, but it does not provide coverage for accidents, repairs or general maintenance

Credit cards transactions rise 30.1% in FY23 in volume: RBI Annual Report

In value terms, payment transactions carried out through credit cards increased by 47.3 percent.

Credit cards are useful, but an emergency fund they ain’t

Credit cards are just a mode of payment not a permanent source of funds. They cannot and should not be a replacement for having a separate emergency fund. Or for living within your means, for that matter.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Airmiles, lounge benefits, free hotel room: Credit cards line up goodies for summer holidays

The recent rule of 20% Tax Collected at Source has brought some relief as credit card spends on foreign spends are exempt from the tax up to a spend of Rs 7 lakh. But banks charge a foreign exchange markup fee when you spend abroad. These are the top Mastercard credit cards.

TCS rules on foreign tours, magazine subscriptions, iTunes, international equities… all doubts clarified

The government partially rolled back the 20% tax collected at source (TCS) rule for international spends on credit cards. Now, only those who spend more than Rs 7 lakh will come under the Liberalised Remittance Scheme and be subject to TCS.

Finmin's Rs 7-lakh relief to taxing foreign spends on credit cards can't resolve TCS crisis

International credit card spends are under LRS from May 16 and the 20 percent TCS will kick in from July 1, 2023. Until June 30, TCS at the rate of 5 percent will apply.

How tax on foreign tour spends on credit cards will affect your holidays

International transactions via credit cards have been brought under the RBI’s Liberalized Remittance Scheme or LRS from May 16, 2023. From July 1, 2023, there will be 20 percent TCS on them with no minimum threshold.

Using credit card reward points for domestic travel: A guide

With the travel season on, it makes sense to use credit card reward points and airline loyalty programmes. The only limitation is lack of choice for travel within India

Paytm, SBI Cards launch Paytm SBI Card on the RuPay network

This move aims to expand access to credit and foster financial inclusion by bringing ‘new to credit’ users into the formal economy.

Using credit card reward points for domestic travel: A guide

With the travel season on, it makes sense to use credit card reward points and airline loyalty programmes. The only limitation is lack of choice for travel within India.

Explained: IRDAI’s diktat on credit cards

Credit card platform Kiwi launches 'credit on UPI' service

In March, the National Payments Corporation of India (NPCI) recorded a significant surge in Peer-to-Merchant (P2M) transactions made through the UPI platform

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Credit cards have much to offer than just credit; here are tips to get the best out of them

Credit cards can help you build a credit score if you use them wisely and pay your bills on time. But it can also destroy your credit score if you overspend and don’t pay your bills on time.

Travelling abroad for summer holidays? Here are 5 credit cards with low forex markup fees

Credit cards with low forex markup fees come with travel benefits like complimentary lounge access, hotel memberships and additional benefits.

Credit cards don’t bleed your money, they breed it for you!

When choosing a credit card, it's important to consider the reward rate and certain other factors. It is not always true that a higher reward rate is better for you as some cards may not offer rewards for all categories of spending. So, look at your spending habits before choosing a credit card.

Top 5 credit cards for international travel

Planning for an international tour during summer vacations? Here's a list of top five credit cards that offer travel related benefits on flight bookings, hotel stays and memberships.

Higher spending, missed payments? Your credit card may be cancelled

From a high credit card utilisation ratio to violating terms and conditions, like reward policies, there are several reasons credit card companies can cancel your credit card.

Women’s day 2023: Best credit cards for women

On the occasion of Women’s day, Paisabazaar has compiled some of the best credit cards that will help women credit card users maximise the savings on their day-to-day spends.

How to make intelligent use of your credit card reward points?

Many first-time credit-card users are unaware of the optimum way of utilising their credit card points.

Axis Bank acquires Citibank’s consumer businesses in India| What's in it for Citibank customers?

Axis Bank's position in the cards business improved from 11.4 percent to 16.2 percent after this acquisition. It gets ready access to highly affluent wealth customers of Citi for Burgundy Private Banking.

Is your credit card application getting rejected? Here is a solution

How to avoid rejections on your credit card applications: try BNPL cards instead. Below is a guide to the most popular BNPL cards

Going on an international holiday? These credit cards offer best discounts on flights and hotels

Credit cards with travel related benefits are popular among those flying frequently on international vacations or business trips

How to finance your holiday: Get the most out of travel credit cards

While most people are aware of the negative aspects of credit-card spending, many don't pay as close attention to its potential benefits. Read to know how you can maximise the incentives.