Credit cards News

SBI Card has announced that it will stop offering the Rs 1 crore complimentary air accident insurance on several of its co-branded credit cards. 

State Bank of India is often called the banker of every Indian. The bank has more than 22,000 branches across India and is the largest public sector bank in the country. The bank also issues credit cards to its users through the SBI Cards. The bank has announced two major changes in its charges calculation method which will dent the pockets of the credit card users.

IDFC First Bank will levy a surcharge, at 1 percent plus GST, but only when utility bill payments exceed Rs 20,000 in a statement cycle. 

Knowing the lesser-known perks of credit cards and using them wisely can help folks make savvy money moves, getting max benefits from this dynamic financial instrument.

The banks are offering cards with zero annual charges and no joining fees. Users can also earn good rewards. RuPay credit cards can be used through UPI.

But not all cashback cards are the same. Some give you a set percentage back on everything you buy, while others offer more cashback on certain types of purchases.

The NCMC RuPay Platinum card is interoperable and versatile, enabling users to make payments for public transport services like Metro.

The RBI has permitted the use of Card-on-File Tokenisation (CoFT) through card-issuing banks or institutions.

Read on to find out the different types of credit cards and their features.

Payments with credit cards made using UPI are free of additional fees.

Take a look at the characteristics and advantages of SBI cards if you're in the market for a new credit card so you can select the one that best meets your needs.

Discover how credit card usage impacts your CIBIL score in this user-friendly guide. Uncover the essentials of managing credit cards to maintain good CIBIL score range to make informed decisions.  

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.

The Finance Ministry said the changes were necessitated as some instances have come to notice where the payments were "disproportionately high" when compared to the disclosed incomes.

E-commerce platforms like Amazon, Flipkart offer no-cost EMI option on many goods. A no-cost EMI allows you to buy the desired good and make the payment in monthly instalments of either 3, 6 or 9 months. This is different from normal EMIs as you are not required to pay any additional interest on the EMI.

Under what conditions does the bank have the right to recover money from the heirs of the borrower? Let us figure out the answers to these questions.

The RBI has come out with a tokenization rule that will come into effect from October 1 Consumer purchasing things online now require to give consent to save their credit/debit cards on e-commerce sites The RBI's rule is aimed at securing sensitive information like credit/debit car details

House rent payment using credit card has gained popularity in the last few years Users pay rent using credit cards through platforms like Cred, Paytm Experts advise against using credit cards for rent payment

ICICI Bank has over 11 million credit card holders in India. The bank has introduced a charge of 1% on rent payment This is in addition to the service charge levied by the platforms facilitating rent payment using credit cards

A personal loan provided to the borrower without any collateral or security. Overdraft Limit is also a type of personal loan with different features. Banks also offer loan on credit cards.