Credit Cards News
Explained: How the Federal Reserve's half-point rate hike will affect American wallets
The effects of the Federal Reserve raising its key interest rate several times this year have been felt by Americans. Those who save will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt
Credit card users can reduce travel expenses by using reward points; here’s how
Credit card issuers are offering a variety of reward points as the holiday season is underway, including cashback on purchases, discounts on flights and hotels, and travel miles
New debit, credit card rules from today: From tokenisation to credit limit, what’s changed
As per RBI, tokenisation refers to replacement of actual card details with an alternate code called the ‘token’ which shall be unique for a combination of cards, token requestor and device. This means an extra layer of security and that websites will no longer have card details on file
RBI extends card tokenisation deadline by three months
The RBI had earlier set a deadline of 30 June for tokenisation of debit and credit cards. As part of this initiative, merchants and payment aggregators are required to delete all card details and replace them with tokens
As NPA resolution crawls, banks stare at spike in credit cost in range of 1.9% to 4.6% in second half of current fiscal
In its earlier assessment, India Rating had estimated the system-wide credit cost floor at 1.9% and capped it at 4.4% for the second half of FY19 and whole of FY20
HDFC Bank to offer 2 million credit, debit cards named Millennia to millennials in next two years
HDFC Bank's credit and debit cards, christened Millennia come with a slew of features like a 5% cashback on shopping and a 1% fuel surcharge waiver
NPCI issues over 64 mn RuPay global cards, aims to grow international acceptance
The RuPay global debit and credit cards are currently issued by 40 banks.
Non-metros lead unsecured loan market in volume game; 10.49% increase in lifestyle credit card applications: Report
The average personal loan ticket size in non-metros is Rs 2.80 lakh compared to Rs 2.55 lakh in the metros
Digital payment transcations rise over 3-fold at 207% to 244.81 cr in August 2018: IT Ministry
Existing payment modes such as debit cards, credit cards, Immediate Payment Service (IMPS) and Pre Paid Instruments(PPI) have registered substantial growth as well.
ICICI Bank launches Manchester United-branded credit and debit cards
ICICI Bank has entered into a multi-year partnership with Manchester United to offer a range of co-branded credit and debit cards to the British soccer club's millions of Indian followers
Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies
Reserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies
'Pay with Google' goes live; lets you skip those lengthy online checkout forms
The Pay with Google feature is available for Android users and ensures that your online payment and buying experience is fast, secure and hassle-free.
Govt officials: Post demonetisation, card transactions rose by only 7 percent, UPI saw highest jump
Transactions through debit and credit cards rose by merely seven percent post demonetisation, as against a surge of over 23 percent in overall digital transactions.
A quick guide to filing income tax return for AY 2017-2018; you can do it online in less than 15 minutes
It took me less than five minutes to do so, as I used the documents upload mode and most of my data was populated on the form automatically.
Digital transactions volume 'leapfrogged' by 3 years post-demonetisation, says SBI report
Increasing number of PoS terminals and ease of doing digital transaction will increase this level further, SBI report said
RBI rules on e-transaction frauds: Onus on customers to prove they were not careless
The Reserve Bank should make it clear that the account holder must have been negligent in allowing a fraudster to access the payment credentials so as to absolve the bank of any liability.
GST rollout: From MF investments to insurance, here’s how it will impact your money life
A comprehensive analysis of how the tax reform will impact your investments
Brace yourself: GST is coming and many services will burn a big hole in your pocket
If you plan to go out for a meal, be ready to shell out more money as well.