Citibank India has launched ‘Citibank PremierMiles Credit Card’, an airline agnostic card. The new credit card will allow customers to select one loyalty program over other option. The cardholder can also earn and redeem miles across different 100 domestic and international airlines. Moroever, the Citibank has also agreed to mutually end the co-branded card partnership [...]

Union Bank of India has cut home loan rates for current and present floating rate customers. The cut in interest rate varies from 25 basis points to 150 basis points. Customers will be allowed to get housing loans up to Rs 30 lakh at 10.50 per cent. Similarly, rate of interest on home loans above [...]

There has been a sharp decline in credit card defaults in the last one year, according to the data compiled by the Credit Information Bureau (India) Limited (CIBIL), which is known as one of the largest repository of borrower’s information in the country. The figures also show that in the past one year, financial health [...]

The Reserve Bank of India (RBI) has issued guidelines to make it compulsory for all banks to print the MICR and IFSC code on the passbook and account statement of customers. As stated by RBI, “Presently, the MICR code is available on the cheque leaf along with the IFSC code of the branch. After reviewing [...]

Yatra.com has partnered with SBI Cards to launch a unique holiday-cum-shopping credit card in the online travel category. The new Yatra-SBI Card would offer unmatchable travel, holiday and exciting shopping options to Indian travelers. By using the card, you will be able to get exciting discounts on various Yatra.com travel & holiday packages. Moreover, you [...]

ICICI Bank has launched a ‘Sapphiro’ credit card targeted at the rich and affluent segment. Customers will be given two different cards, ICICI Bank Sapphiro Platinum American Express Credit Card & ICICI Bank Sapphiro Platinum Chip MasterCard Credit Card. Both credit cards will be linked to the single card account. As stated by Ms Chanda [...]

Credit card spending has fell to a four month low in January as customers have showed more inclination towards parking their money in varied tax-saving instruments before the end of the financial year. In January, there has been a dip in the total number of transactions through credit cards to 2.6 crore, according to the [...]

Only a couple of years ago, people were conceiving gold and platinum cards as a way of enhancing the social status as now more and more customers are exploring value propositions while choosing credit cards. The shift in trend has encouraged various foreign and private sector banks in the country towards altering their marketing strategies [...]

Karur Vysya Bank has formed a consortium with SBI cards and has launched co-branded credit card, which will come in two variants – gold and platinum. In order to ensure security, the credit cards will come along with a chip and will have a magnetic strip. Customers will get an apparel voucher worth Rs 3,000 [...]

Various credit card companies are encouraging current customers for revolving their credit and promoting usage of card by reducing rate of interest and going in for co-branding of credit cards. Earlier, HSBC has reduced the annual rate of interest on its credit cards by 600 basis points to 31.2 per cent-33.6 per cent. SBI cards [...]