Credit Card News

HDFC Bank in its latest press release announced that it plans to add 5 lakh new credit cards each month starting February 2022 in an attempt to regain the customer base it had lost to other card issuers, particularly ICICI and SBI owing to the restrictions imposed by RBI. It…

According to the reports published by  CNBC-Tv18, the Reserve Bank of India has partially lifted the ban imposed on HDFC Bank barring it from onboarding new credit card customers. HDFC will now be able to source credit cards users, but won’t be able to launch new digital products. It is…

Until now, Axis Bank had been offering the cobranded shopping credit card, Flipkart Axis Bank Credit Card in partnership with Flipkart and MasterCard. But after the mastercard ban, Axis Bank has partnered with Visa to launch the Visa variant of the Flipkart Axis Bank Credit Card.  Both the Visa and…

American Express has come up with the Shop Small offer under which AmEx cardholders will get a cashback of Rs. 500 on every purchase of Rs. 1,000 or more at the participating merchants. American Express claims that this offer will support small businesses and help them grow and thrive in…

Life Insurance Corporation Of India (LIC) joined hands with IDBI bank and the NCPI powered payments service platform Rupay to launch two co-branded credit cards- Lumine and Eclat credit cards. As of now, the cards are exclusive for the policyholders, agents, and employees of LIC and its subsidiaries/associates. Both these…

ICICI Bank launched another co-branded credit card in partnership with Hindustan Petroleum Corporation Limited (HPCL) on Tuesday, the ICICI Bank HPCL Super Saver Credit Card. The card is powered by Visa and comes with a joining fee of Rs. 500, and offers accelerated benefits on fuel purchases and spends on…

Starting July 19th you can avail of exciting offers and discounts on Citibank credit cards. The bank has launched its Blockbuster Saving Days offer in partnership with many popular brands including Lenovo, Zomato, Swiggy, Paytm, MakeMyTrip, Booking.com TataSky, etc. The offer will last till August 15th, 2021. In this post,…

American Express has been proactively promoting their Platinum credit card, which is the more premium of the two Charge cards they offer in India and comes with a hefty annual membership fee of Rs. 60,000. They have been neglecting the other Charge card (the Gold credit card) that they offer,…

Reserve Bank of India (RBI) today issued a circular restricting MasterCard from onboarding new domestic customers citing its inability to comply with the payment data storage guidelines as per the circular that the central bank had issued in April 2018. The circular, issued under the Payment and Settlement Systems (PSS)…

RBI in a circular issued in April imposed restrictions on American Express from onboarding new customers citing its inability to comply with its guidelines making it mandatory for all card issuers to store their Payment System Data locally in India. However, this order doesn’t affect the existing AmEx customers. That…