Credit card spending grows 27% YoY to Rs 18.26 trillion in FY24: RBI
Mumbai: Credit card spending increased by 27% year-on-year to Rs 18.26 trillion in the financial year 2023-24 (FY24), up from around Rs 14 trillion in the previous year, according to the latest data from RBI.
IndusInd Bank and Bajaj Capital's Tiger Fintech launch cobranded credit card
Mumbai: IndusInd Bank and Tiger Fintech - a Bajaj Capital Group company,today announced the launch of the IndusInd Bank Tiger Credit Card, a co-branded credit card powered by Visa.
Credit card spending reaches record high at Rs 1.4 lakh cr in May; 87.4 million cards in circulation
Mumbai: Credit card spending in India hit a record level of Rs 1.4 lakh crore in May, the data released by the Reserve Bank of India (RBI) revealed.
RBI issues circular on issuance of debit card, credit card and prepaid cards
Mumbai: The Reserve Bank of India (RBI) released a draft circular in connection with the issuance of debit, credit, and prepaid cards on Tuesday.
Higher TCS levy on overseas spending postponed by 3 months to Oct 1
New Delhi: The Finance Ministry said on Wednesday that the implementation of the increased Tax Collected at Source (TCS) on overseas spending would be delayed by three months from the initial deadline of July 1.
Why is it important to use your credit card cautiously?
Credit cards have become very popular, especially among the millennial generation. It is evident as the number of active credit cards went up by 20% year-on-year to 806.65 lakh in November 2022, as per Reserve Bank of India (RBI) data. In this article, we will discuss the fundamentals of credit cards and the quickest ways to pay your credit card's outstanding.
How to apply for ICICI Credit Card at Finserv MARKETS?
Have you been looking for a credit card for yourself? When you have a host of options available, the decision to pick one becomes challenging. It is an undeniable fact that ICICI credit card is one of the best options as it offers immense variety, is easy to apply and obtain, and provides various lucrative benefits. Here, we will talk about the ICICI credit card and how to apply for them at Finserv Markets.
How to Get Rid of Your Credit Card's Annual Fee?
According to reports from last year, the end of the previous year recorded 44.2 million active credit cards in circulation across India. The original spike in credit card users began after demonetisation in India when high-value currency notes were temporarily unavailable. With a rise in the number of credit card users, different types of credit cards were also introduced by the financial institutions.
What Should a First-time Credit Card Applicant know Beforehand?
If you use a credit card sensibly, it can help you build a healthy credit score and a strong credit history. However, first, you should know how to apply for a credit card that is suitable for your financial requirement. As a new user, you may make a wrong choice and end up accumulating debts.
Is it Time for a New Credit Card? Here’s How to Choose the Best one for You
Giving you an instant flush of liquidity, a credit card is almost a modern-day necessity. However, credit cards have come a long way since their inception and today they are more than just instruments offering you immediate cash for your various needs.
Tips to choose the best credit card
With an extensive range of credit cards to choose from, each offering some perk or the other, picking one according to your needs can be quite puzzling. So if you are looking to sign up for your next card, it will be worthwhile to first understand your own requirements and what you wish to get from the card. Luckily, there are specific steps you can take to help narrow down your search and find which one matches your needs.
ICICI Bank introduces instant credit card
Mumbai, Aug 9 (IBNS): ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of instant credit cards.