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Credit cards base shrinks by a fourth in less than 2 yrs

Written on 11 Feb, 2010 at 17:21 in News | viewed 467 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)

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Banks to pull out 20 lakh credit cards by March 31

Written on 5 Feb, 2010 at 18:11 in News | viewed 524 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)

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4 Principles to Follow to Avoid Credit Card Debt During the Holidays

Written on 12 Nov, 2009 at 18:23 in Articles, General | viewed 375 views times | 0 Comments

The holiday season has arrived. It is time to celebrate, make merry, and have fun. Travel plans have been made, lists of gifts for family and friends have been drawn up, and arrangements for parties are in full gear. It... (Continue reading)

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Banks deactivating inactive Credit Card customers

Written on 20 Apr, 2009 at 21:45 in General, News | viewed 1,450 views times | 0 Comments

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)

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Banks chasing away credit card customers?

Written on 16 Mar, 2009 at 18:52 in Banks, News | viewed 401 views times | 0 Comments

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)

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Foreign banks challenge ruling on interest rates for credit cards

Written on 10 Sep, 2008 at 23:20 in General, News | viewed 366 views times | 0 Comments

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)

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Mobile Phones as Credit Card?

Written on 30 Apr, 2008 at 19:36 in General, News | viewed 453 views times | 0 Comments
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)

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Cleartrip now accepts debit cards and international credit cards

Written on 23 Jan, 2008 at 18:54 in News | viewed 1,180 views times | 0 Comments
Cleartrip now accepts debit cards and international credit cards

Online travel portal Cleartrip just announced the launch of an upgrade to its payment system which now accepts debit cards from HDFC Bank and Axis Bank. That’s not all, it also announced that they are now accepting international credit cards... (Continue reading)

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