Blog - India Credit Cards

Credit Card users in India have something to cheer about; the National Consumer Disputes Redressal Commission has ruled that banks charging interest rates in excess of 30% per annum is an unfair trade practice.
Most banks in India charge between 35%-40% depending on your credit history and the offer you have signed up for. In developed […]

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Earlier a press release from Indian Bank’s Association had mentioned that they are working on a proposal to launch a payment gateway called “IndiaPay” and now the RBI says it launching a credit card called “IndiaPay”. Are these connected in anyway? They probably are.
The new credit card to be launched by the end of 2009 […]

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An RBI report put the total number of banking complaints at 38,638 in 2006-07 up 22% from 2005-06 which was at 31,732. The banking ombudsman’s scheme now also includes credit card complaints which may have lead to the increase in complaints.

Credit card complaints topped the chart with 7688 complaints which is a huge 20% of […]

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Development Credit Bank (DCB) has announced the launch of its credit card business in India. ICICI bank will manage the credit card business for DCB.

DCB has named its credit card as, the DCB Advantage Credit Card which will be offered to its 4.5 lakh banking customers of who at least 50,000 are expected to sign […]

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Research firm Nielsen released its latest report the “Nielson Global Online Survey on Internet Shopping Habits” with some interesting facts on online shopping behavior from online shoppers around the world.
According to the survey India came in third with 84% of internet users using credit cards for online shopping behind 91% Turkish and 86% Irish users […]

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