Credit Cards News

Yes…Got it :v:t2: Thanks
Like you, I’m also still wondering why they are doing this. The design of that Rupicard website looks like a fake website :smiley: At least they can improve on this :smile:

Not at all worth it. Unless you buy, eat and sleep reliance.

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"HDFC Bank notifies withdrawal of lounge access on Regalia First Credit Cards effective December 1, 2023

HDFC Bank notifies quarterly milestone of INR 1 Lakh to avail two domestic lounge access vouchers on Regalia Credit Cards effective December 1, 2023

HDFC Bank notifies quarterly milestone of INR 1 Lakh to avail one domestic lounge access voucher on Millenia Credit Cards effective December 1, 2023"

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Ye to hona hi tha

Interesting to read and see direct connection between Ed Sheeran and Credit cards :rofl: :rofl:

The card mentioned on the article :fire: :fire:
https://www.kotak.com/en/personal-banking/cards/credit-cards/white-reserve-credit-card/whitepass.html

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Annual fee of 2999+GST :exploding_head: :exploding_head: for the PRIME (Rupay Select variant)


I think this red version card is for normal customers :smiley:

"So, why are companies devaluing credit cards? “Credit card companies and their business affiliates must respond to the challenges of their times. Today, these challenges may involve improving margins, adjusting to competition, and countering inflation while meeting their customers’ expectations. Everyone in this value chain shares the responsibility for sustainable and profitable growth. Digital payments are rapidly expanding in India, with 93 million credit cards in circulation today and an average credit card spend of around Rs 5,200. As India becomes more credit-mature and millions of Indians become eligible for their first line of credit, credit card companies will need to reevaluate their rewards programs to ensure sustainability,” said Adhil Shetty, CEO of Bankbazaar.com.

Experts say another reason which is contributing to these changes is the decline in the revolver rate for companies. There has been a trend of more people taking personal loans to pay off their outstanding credit card balances, reducing profitability and leading to the devaluation of cards. If this trend persists, we may see further devaluation of credit cards in the industry in the near term."

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For 10% cashback on swiggy, BigBasket, Zomato, utility bill payment and 25% cashback on recharges use Airtel Axis Bank credit card

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Airtel Axis Bank credit card is much more beneficial than this credit card. Reliance unable to defeat Airtel in credit card segment

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More Info here :

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I just got offer from IDFC Bank to get a rupay credit card. This will be a add on card as my primary card is idfc wow. Limit is shared.

Annual+joining fee - 199+gst

Welcome offer-100% cashback upto 200rs (50×4).
4 transaction each maximum cashback 50 within 14 days of issuance.

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Can i apply this card against an existing credit card of kotak with 20000 limit

I have 4 card 3 secured 1 unsecured.

Secured

Sbm one card 6k
Idfc wow 8k
Pnb rupay platinum 15k

Unsecured

Kotak league 20k

Can i apply for card against the existing credit card.

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“Due to money laundering and fraud concerns, banks are either not allowing credit card users to pay more than their outstanding or are not refunding the excess amount.”

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IDFC is providing virtual Rupay Card with UPI linking facility for 199 Rs for WOW cards.

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It’s a virtual card and the limit will be shared.

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No , only on merchent account