Indian banks have rapidly expanded their credit card operations. Due to this nearly 11 crore outstanding cards are in the system as of early 2025 according to Reserve Bank of India data. This growth is driven by a highly profitable business model that generates strong revenue from interest rate charges, fees, and merchant transactions. Further,…
In today’s world of digital payments, credit cards are more than just a way to pay—they can help you save big when used smartly. A simple trick called “stacking” lets you combine multiple offers, discounts, and rewards to get the best deal on your purchases. What is stacking? Stacking is all about using multiple savings…
Many banks have savings accounts tailored to the needs of specific individuals. These include savings accounts for women, senior citizens, children or youngsters in a particular age bracket. Recently, Bank of Baroda has introduced a credit card that is tailored to the specific needs of women with the BOB Tiara Credit Card. In this article,…
If you frequently travel abroad to different countries, having a forex card in the wallet can be quite useful. HDFC Bank offers various forex cards under the HDFC Bank ForexPlus cards range. Currently, HDFC Bank is running a limited-time offer that gives 5X reward points on loading or reloading the ForexPlus cards with specified credit…
In today’s consumer-driven world, buying electronic gadgets and more has become much easier with attractive EMI (Equated Monthly Instalment) options. EMI options have given consumers the flexibility to make high-value purchases without immediate full payment, enabling better financial management. Among the various EMI options available, no-cost EMI stands out as an attractive choice for many….
As India goes digital in payments, virtual credit cards are being touted as a secure and convenient substitute for the trustworthy much used older cards. These credit cards make the process of payment more seamless and easier for users and ensure that the entire transaction remains secure, digital and swift. Still, are they actually safer?…
Credit card spends earn you a good number of reward points, especially if it is in low-risk consumption categories such as grocery, utility bills, apparel, restaurant, supermarkets, telecom and entertainment. But can you use the reward points to make direct payments at merchant outlets and e-commerce platforms? Several leading card issuing banks have their own…
Are you overwhelmed by your rising credit card debts? Choosing a balance transfer credit card might offer the best solution when you have accumulated too much debt on your credit cards. This card enables debt transfer from existing credit card accounts to a better rate card which can offer interest-free periods. Reducing your interest payments…
Total credit card expenditure in January 2025 declined to â‚ą1.8 trillion, reflecting a 2 per cent month-on-month decline and a 14 per cent year-on-year jump. Notably, the month-on-month decline in credit card expenditure can be attributable to a base effect since December saw elevated spending on account of year-end and new-year-related expenditures. Transaction volumes similarly…
In the last few years, the cashback category has gained a lot of popularity among customers. Taking note of this trend, banks have launched cashback-specific credit cards. The HDFC Bank Millennia Credit Card is one such cashback card. What are the features and benefits of this card, the fees and eligibility criteria, and should you…
