What to do when Credit Card Application is Rejected ?

It is not uncommon for us as consumers to get tempted to BUY the Latest SmartPhone using Credit Card. However, many of you all don’t know the importance of Credit History and thus end up in the soup. A Reader of our Advisory is in a similar situation and narrates his experience with SBI Credit […]

Central Bank of India to Launch – Debit Cum Credit Card

State owned Central Bank of India has embarked on an innovative product for Indian Consumers – Debit Cum Credit Card which will be launched very shortly according to the management of the bank in a release to CardBhai. The Card will automatically act as a Credit Card when Customer’s Bank account Runs out of Funds […]

Strong Credit Card Portfolio – Next Leg of Growth for Banks

We see an opportunity for Indian banks from the shift towards newer and inexpensive payment platforms and better penetration of non- balance sheet products like Credit Cards. Banks that make money through ATM interchange fees are likely to see higher income through debit / credit card transactions. On the other hand, a strong retail customer […]

ICICI Bank to issue EMV Chip Cards Only

India’s Second Largest Credit Card issued – ICICI Bank just a while ago took the decision to move towards more secured EMV based Chip cards. ICICI Bank has a portfolio of 2.8 Mn Cards which includes VIA and MasterCard as well as the ones issued as Co-Branded Cards. How are EMV Credit Cards Secure ? […]

Secured Credit Cards in India – Great Product to Build Credit History for Students, Housewives etc

Today I’d like to educate our Readers on what a Secured Credit Card means, its availability in India and who can avail the same. Like any other industry, Credit Cards vertical of the banking industry had a bumpy ride since its off-take in 2005 and subsequent bust in 2008-09. Credit Cards by nature are classified […]