Money9 gives you top four of those money changes which are taken into effect from December 1
Earlier, the Reserve Bank of India notified that it will change the rules of digital transactions from January 2022 to protect the card data
Credit cards have the highest interest and penalty rates.
HDFC Bank remains at top of the list with a market share of 26.5% of the total credit card spending in the country.
A credit card is directly related to your credit score, so there should not be a single room for error in its use.
Credit cards are really helpful if used judiciously. But if used recklessly, it can easily lead one into a debt trap. The rate of interest and penalty
Around 50-60% of recurring transactions may fail as automatic clearance has come to an end.
The monthly value of transaction involved jumped by 258% and volume of transaction by 135% in the past 16 months.
Credit card issuers offer cash backs, reward point programs and other benefits based on target consumer segments