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Articles for Card Issuers, search results for cards

Cardholders’ data cannot be shared without their consent
9 months, 1 week ago

Cardholders’ data cannot be shared without their consent

New Indian Express  

BENGALURU: From now on, card issuers cannot share card data including transaction data of the cardholders with the outsourcing partners without explicit consent from the cardholder. The new rules stipulate that in case where the customers give explicit consent for sharing the information provided by them with other agencies, card issuers shall clearly state and explain to the customer the …

Consent Customer Explicit Consent Card Issuers
RBI issues new guidelines for issuance of credit cards, allow customers to choose from multiple card networks
9 months, 2 weeks ago

RBI issues new guidelines for issuance of credit cards, allow customers to choose from multiple card networks

India TV News  

RBI guidelines: The Reserve Bank of India on Wednesday issued new guidelines aimed at providing more options and flexibility for credit card customers. The central bank said card issuers must allow provide an option to their eligible customers to choose from multiple card networks at the time of issue. “On a review, it is observed that some arrangements existing between …

Card Rbi Networks New Guidelines Issuers Card Networks Card Issuers
Explained | RBI’s proposal for interoperability of credit and debit cards
1 year, 4 months ago

Explained | RBI’s proposal for interoperability of credit and debit cards

The Hindu  

The story so far: On July 5, apex banking regulator Reserve Bank of India floated a draft circular seeking comments from stakeholders about mandating that card issuers provide their customers with the choice of multiple card networks. The regulator has also proposed that cards be issued across more than one network, with issuers not enteringinto any arrangement or agreement with …

Credit Network Credit Cards Card Cards Rbi Customers
Credit cards: What are some hidden charges associated with their usage? MintGenie explains
1 year, 5 months ago

Credit cards: What are some hidden charges associated with their usage? MintGenie explains

Live Mint  

Credit cards have revolutionized the way we manage our finances, offering convenience, rewards, and financial flexibility. In this article, we will dive into the world of hidden charges, exploring the various fees and costs associated with credit card usage. When you carry forward a balance from one billing cycle to the next, credit card issuers apply finance charges or interest …

India Credit Interest Rates Fees Interest Charges Credit Cards
Demat account login to credit/debit card new rules from Oct: 5 things to know
2 years, 2 months ago

Demat account login to credit/debit card new rules from Oct: 5 things to know

Live Mint  

Developments relating to our personal finances occur on a regular basis from month to month and must be followed. The above guidelines shall be implemented latest by September 30, 2022.” Master Direction provisions for credit and debit card On June 21, 2022 RBI extended the timeline for implementation of certain provisions of Master Direction – Credit Card and Debit Card …

Credit Card Rbi Oct Nomination 2022 Debit Card
The first credit card: What young adults (and parents) should know
2 years, 4 months ago

The first credit card: What young adults (and parents) should know

Live Mint  

Getting a credit card is on the to-do list for many young adults. The Credit CARD Act of 2009 doesn’t spell out exactly how much income a young adult needs to qualify for a credit card, and it varies by issuer. Parents should first ensure that their card issuer reports authorized users to the credit bureaus, as well as their …

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Credit Card: RBI Extends Deadline to Implement New Rules to October 1; Know the Changes
2 years, 6 months ago

Credit Card: RBI Extends Deadline to Implement New Rules to October 1; Know the Changes

News 18  

The Reserve Bank of India on Tuesday extended the timeline to implement various provisions related to credit card issuance till October 1. Moreover, the terms and conditions for payment of credit card dues, including the minimum amount due, shall be stipulated, the Reserve Bank of India said. Credit Card Rules to Change from July 1 Earlier in April, the Reserve …

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Key takeaways from RBI circular on credit cards
2 years, 7 months ago

Key takeaways from RBI circular on credit cards

Live Mint  

The Reserve Bank of India has released directions on issuing credit and debit cards, aiming to empower card users and check misconduct of issuers. Non-bank lenders must seek RBI nod before issuing credit cards, and follow strict regulations on sharing data even with their co-branding partners. The regulations empower credit card customers, mandate lenders to take consent of customers on …

Credit Charges Credit Cards Card Cards Rbi Issuers
Co-branded cards don’t work for everyone
4 years, 4 months ago

Co-branded cards don’t work for everyone

Live Mint  

During the recent sale events from Amazon and Flipkart, customers who have co-branded cards from the e-commerce companies got the usual 5% discount. Credit card issuers prefer such tie-ups as customers are likely to use co-branded cards often due to loyalty. Yatra has a co-branded card with SBI Cards and Payment Services Ltd and MakeMyTrip offers one in partnership with …

Benefits Brand Yatra Icici Bank Opt Customers Flipkart