If you have recently started using a credit card, you must be aware that it has a fixed credit limit and you are not supposed to spend beyond this. Although the limit is typically generous, it is recommended not to exhaust all of it for the sake of a healthy credit score. Those users who … Read more
Credit cards are financial instruments that offer flexibility, convenience and seamless digital payments. However, relying too heavily on paying only the minimum amount due can lead to a dangerous cycle of debt. While making only the minimum payment might seem like a short-term solution to avoid late payment penalties, it carries serious risks for credit … Read more
Closing a credit card might seem like a simple and straightforward financial decision, especially if you are trying to cut down on unnecessary spending or avoid hefty fines and late payment fees. However, in India, this move can immensely impact your credit score and your overall credit profile in a negative way. That is why … Read more
To combat the ever-rising number of credit card defaults in India, leading financial institutions and banks have implemented strict rules for recovering overdue amounts. Kotak Mahindra Bank, in accordance with Reserve Bank of India (RBI) regulations, ensures that overdue recovery notices are delivered to credit card users seamlessly. This process involves several steps, from initial … Read more
Credit card spending in the country witnessed a seasonal decline in February 2025, registering a 9 per cent month-on-month (MoM) drop to ₹1,672 billion. This is the lowest registered figure, according to data provided by Asit C Mehta Investment Intermediates Ltd (ACMIIL). However, on a year-on-year (YoY) basis, card spending jumped 12 per cent, even … Read more
Visa has reportedly offered Apple a whopping $100 million to take over the tech giant’s credit card partnership, replacing Mastercard, reported Reuters quoting Wall Street Journal on Tuesday, citing sources familiar with the matter. Visa has made a bold push to secure the Apple Card, offering an upfront payment typically reserved for the largest card … Read more
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, … Read more
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 … Read more
If you already have a credit card and are planning to get another one, it is vital to make note of certain points so that you do not end up getting a same or similar card with the same features. Additionally, you should be clear of your purpose of applying for a new card. It could … Read more
ICICI Bank launched the Emeralde Private Metal Credit Card in the second half of 2023. It had good features and benefits. However, with the introduction of the iShop portal in February 2025, the value proposition of the Emeralde Private Metal Credit Card has further improved significantly. On using the card for the iShop portal transactions, … Read more