At the time of applying for a credit card, card users typically weigh a number of pros and cons. Some card applicants give a lot of significance to the annual fee charged, while some get too carried away with the merchant discounts that come with the cards. Meanwhile, some cards offer a range of cashbacks based on the…
Credit card usage has undoubtedly risen considerably in the past few years, primarily steered by increased consumer spending and the growing popularity of digital payments. However, non-performing assets (NPAs) in the credit card segment also spiked by 28.42 per cent to â‚ą6,742 crore during the 12-month period ended December 2024, the latest Reserve Bank of…
To lay the groundwork for future financial goals, students need to build a robust credit score. This helps them maintain a clean credit profile and boosts their repayment capacity. A clean credit profile and strong credit score, anything above 750, helps immensely when applying for loans and new credit cards, renting apartments or even securing…
In December 2024, total number of credit cards was 108.06 million, a 10.4 percent year-on-year increase as compared to Dec 2023, shows a report by Worldline India. The report further reveals that top five issuers of credit cards were HDFC Bank, State Bank of India (SBI), ICICI Bank, Axis Bank and RBL Bank. 71 percent…
Maintaining a clean credit profile and a good credit score is essential for securing personal loans, credit cards and other similar credit instruments. Due to the recent Reserve Bank of India regulations, Indian credit card users can now cross-check their credit scores for free through the official websites of authorised credit bureaus. Credit Score: Basic…
Credit Cards: If you are an avid UPI app user and a credit card holder at the same time, it is recommended to link your credit card to the UPI. This facility is offered via Rupay credit cards. Currently, 23 banks are live on RuPay credit cards. These banks include Punjab National Bank, Union Bank…
India’s personal loan market is projected to grow at a CAGR of 26.55% between FY2025 and FY2032, according to a report by Markets and Data. This growth aligns with the country’s expanding credit landscape, supported by economic development. With personal loan volumes rising rapidly, borrowers must be extremely careful about opening new credit lines. Instead,…
India is going through an epic credit card boom. The Reserve Bank of India (RBI) recently stated that the credit surge in the country has more than doubled in the last five years. The total number of credit cards has crossed 10.80 crore by January 2025. This number was around 5.53 crore in December 2019-20,…
As the Indian economy continues to evolve and grow, the travel theme is gaining traction. The aspiration to visit new places and travel with joy is becoming an integral part of life for many Indians. Now, to meet such aspirations quickly and seamlessly, more and more people are applying for personal loans and opening up…
Banks review their credit card rewards program regularly and make changes whenever required. Some banks like HSBC India, SBI Card, American Express, etc., have announced changes in their credit card rewards program effective 1st April 2025. In this article, we will understand the changes announced by American Express for its Platinum Travel Credit Card. Changes…
