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Banks invade savings account to cover credit card debt
Written on 25 Feb, 2009 at 8:19 in General, New Credit Cards, News | viewed 115 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 163 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)
New rules from RBI to help Credit Card users
The RBI has set new rules for credit card issuing banks providing relief to credit card users in India. As per the new guidelines RBI has asked banks not to charge excessive interest rates on personal loans or credit cards.... (Continue reading)
Indian Credit Card Interest Rates Unfair
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%... (Continue reading)
RBI to launch credit card “IndiaPay” next year
Written on 6 May, 2008 at 20:08 in General, New Credit Cards, News | viewed 164 views times | 1 Comment
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... (Continue reading)
Mobile Phones as Credit Card?
The RBI today announced that it is working on formulating a plan to develop a mobile payment system. In other words, it means using your mobile as a credit card. The theory behind this thought is that there are 250... (Continue reading)
MasterCard sponsors IPL team Mumbai Indians
Credit Card major MasterCard has joined the IPL band wagon by announcing itself as the founding sponsor of the Reliance Mumbai Indians team. MasterCard is celebrating its 25th year in India. With every major company wanting a piece of the IPL... (Continue reading)
Credit card complaints on the rise in India
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... (Continue reading)
LIC credit card launch still on by year-end
I had posted earlier that that LIC with its joint venture partner GE Money would launch its credit card operation by September. However, after various speculations on will they or wont they it looks like they finally will launch their... (Continue reading)
Hot Topics in News
- Credit card complaints on the rise in India - 1,727 views
- Banks deactivating inactive Credit Card customers - 630 views
- ICICI Bank and American Express Launch Two Credit Cards Jointly - 547 views
- New rules from RBI to help Credit Card users - 463 views
- New Online Security Feature for Credit Card transactions: Explained - 395 views
- PNB to finally launch credit card business by October - 321 views
- SBI Credit Cards Posts Rs.186.61 cr loss - 316 views
- DCB launches credit card business - 217 views
- RBI to launch credit card “IndiaPay” next year - 164 views
- Dena Bank to re-launch credit card with SBI - 163 views
- 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)
- LIC targets half million credit card sales next year (5.00 out of 5)
- Jet Airways Partners With SBI Credit Card to Offer Easy Payment Option For Purchase of Air Tickets (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)
- Dhanlaxmi Bank launches credit cards (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
- LIC targets half million credit card sales next year - 1 votes
- Jet Airways Partners With SBI Credit Card to Offer Easy Payment Option For Purchase of Air Tickets - 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
- Dhanlaxmi Bank launches credit cards - 0 votes
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