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ABN cuts credit limit on cards to a tenth- News-Credit Cards-Personal Finance
ABN Amro India has chopped the credit limit of some credit card customers to a tenth and raised the minimum amount payable to 7% oftotal dues from 5%, possibly to persuade them to surrender their cards as it draws closer... (Continue reading)
Credit cards base shrinks by a fourth in less than 2 yrs
Written on 11 Feb, 2010 at 17:21 in News | viewed 25 views times | 0 Comments
The popularity of credit cards has taken a severe beating in India over the past couple of years. The base fell by 16.4 per cent, or over 4 million, to 20.64 million in the nine months ending December 2009.In fact,... (Continue reading)
PayPal: India Payments Suspended for ‘at Least a Few Months’
Written on 10 Feb, 2010 at 17:41 in News | viewed 14 views times | 0 Comments
PayPal said a ban on personal transactions to and from India will continue for “at least a few months” while the online payment service tries to resolve a problem with local regulators. The ban, which began Saturday and caught PayPal users... (Continue reading)
Banks to pull out 20 lakh credit cards by March 31
Written on 5 Feb, 2010 at 18:11 in News | viewed 26 views times | 0 Comments
Around 20.35 lakh credit cards will be flushed out of the system by March-end, according to a study done by Venture Infotek, India’s leading payment solutions provider. It has shown a sharp drop to 226.64 lakh cards by March-end, from... (Continue reading)
New Online Security Feature for Credit Card transactions: Explained
As per a notification by the RBI, starting August 1, 2009 your online transaction will require an additional security measure.... (Continue reading)
Banks deactivating inactive Credit Card customers
When was the last time you used that credit card? If the answer is I don’t know then you could soon receive a deactivation notice from the bank informing you that your card has been blocked.... (Continue reading)
Banks chasing away credit card customers?
According to RBI data over 22 lakh credit cards have gone out of circulation since April 2008 either due to non renewals or cancellations.... (Continue reading)
Banks invade savings account to cover credit card debt
Written on 25 Feb, 2009 at 8:19 in General, New Credit Cards, News | viewed 30 views times | 0 Comments
Did you know that When a credit card is issued based on an existing savings account, many banks have a ‘Right to Lien’ clause in their credit card agreements with their customers and that this clause allows the banks to... (Continue reading)
Foreign banks challenge ruling on interest rates for credit cards
A group of foreign banks have challenged a consumer court ruling on credit card interest rates, claiming that they are now free to decide interest rates for credit card users. Earlier a consumer court had restrained banks from charging interest... (Continue reading)
Dena Bank to re-launch credit card with SBI
Written on 2 Sep, 2008 at 18:13 in Dena Bank, New Credit Cards, News, SBI | viewed 18 views times | 1 Comment
Dena Bank has decided to enter into a tie-up with SBI to re-launch its credit card service.... (Continue reading)
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- ABN cuts credit limit on cards to a tenth- News-Credit Cards-Personal Finance
(5.00 out of 5) - Banks to pull out 20 lakh credit cards by March 31 (5.00 out of 5)
- Banks deactivating inactive Credit Card customers (5.00 out of 5)
- PayPal: India Payments Suspended for ‘at Least a Few Months’
(0.00 out of 5) - ICICI Bank and American Express Launch Two Credit Cards Jointly (0.00 out of 5)
- Credit cards base shrinks by a fourth in less than 2 yrs (0.00 out of 5)
- Banks chasing away credit card customers? (0.00 out of 5)
- ABN cuts credit limit on cards to a tenth- News-Credit Cards-Personal Finance - 1 votes
- Banks to pull out 20 lakh credit cards by March 31 - 1 votes
- Banks deactivating inactive Credit Card customers - 1 votes
- PayPal: India Payments Suspended for ‘at Least a Few Months’ - 0 votes
- ICICI Bank and American Express Launch Two Credit Cards Jointly - 0 votes
- Credit cards base shrinks by a fourth in less than 2 yrs - 0 votes
- Banks chasing away credit card customers? - 0 votes
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