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
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 … Read more
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, … 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
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 … Read more
In personal finance, the terms ‘credit report’ and ‘credit score’ are often used interchangeably, though they represent different concepts. Both serve as tools for assessing the creditworthiness of loan applicants and borrowers, but understanding the difference between them is crucial. 1. Definition, meaning and purpose A credit report is a complete and comprehensive white paper … 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
Obtaining a credit card from a financial institution is an extremely easy process. This is because of the fact that credit cards, personal loans etc., are all credit instruments. They open up a line of credit and the borrower needs to repay consistently to avoid hefty interest charges later on. Keeping the same in mind, … Read more