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Annual Fee
Reward type
Credit Card
Annual Fee
Citibank Rewards Card
 
4.0 / 5.0
by 150 users
Annual Fee:
Nil
Reward type:
Shopping and Cashback
IndianOil Citibank Platinum Card
 
4.0 / 5.0
by 156 users
Annual Fee:
Nil
Reward type:
Fuel
Citibank PremierMiles Card
 
4.5 / 5.0
by 5 users
Annual Fee:
3000 + ST
Reward type:
Airline
Citibank Cashback Card
 
4.0 / 5.0
by 28 users
Annual Fee:
500 + ST
Reward type:
Shopping and Cashback
IndusInd Bank Platinum Credit Card
 
3.5 / 5.0
by 15 users
Annual Fee:
1st year: 3,000
Reward type:
Premium
IndusInd Bank Platinum Aura Credit Card
 
4.0 / 5.0
by 5 users
Annual Fee:
1st year: 899 (waived if spend ≥ 10,000 within first 3 months)
2nd year onwards: 200 (waived if spend ≥ 12,000 in that year)
Reward type:
Lifestyle
American Express Gold Card
 
4.0 / 5.0
by 14 users
Annual Fee:
1st year: 1,000 + ST
2nd year onwards: 4,500 + ST
Reward type:
Lifestyle
American Express Platinum Reserve Credit Card
 
4.0 / 5.0
by 1 users
Annual Fee:
5,000 + ST
Reward type:
Premium
American Express Payback Credit Card
 
3.5 / 5.0
by 16 users
Annual Fee:
1st year: 750 + ST
2nd year onwards: 1,500 + ST (waived if spend over 1,50,000)
Reward type:
Shopping and Cashback
The NEW American Express MakeMyTrip Credit Card
 
5.0 / 5.0
by 1 users
Annual Fee:
1st year: 750 + ST
2nd year onwards: 1,500 + ST
Reward type:
Shopping and Cashback
American Express Platinum Travel Credit Card
 
4.0 / 5.0
by 10 users
Annual Fee:
1st year: 3,500 + ST
2nd year onwards: 5,000 + ST
Reward type:
Shopping and Cashback
SBI Gold and More Card
 
3.5 / 5.0
by 36 users
Annual Fee:
1st year: 499 + GST@12.36%
2nd year onwards: 499 (Nil If total spends on the Credit card is 75,000 or more in the preceding year)
Reward type:
Shopping and Cashback
SBI Signature Card
 
4.5 / 5.0
by 2 users
Annual Fee:
1st year: 4999 + GST@12.36%
2nd year onwards: 4999 + GST@12.36%
Reward type:
Premium
Air India SBI Signature Card
Annual Fee:
1st year: 4999 + GST@12.36%
2nd year onwards: 4999 + GST@12.36%
Reward type:
Airline
Air India SBI Platinum Card
Annual Fee:
1st year: 1499 + GST@12.36%
2nd year onwards: 1499 + GST@12.36%
Reward type:
Airline
SBI Platinum Card
 
3.5 / 5.0
by 18 users
Annual Fee:
1st year: 2999 + GST@12.36%
2nd year onwards: 2999 + GST@12.36%
Reward type:
Premium
My Choice Credit Card
 
3.5 / 5.0
by 36 users
Annual Fee:
1st year: 250 + ST
2nd year onwards: 250 + ST
Reward type:
Shopping and Cashback
My Wings Credit Card
 
3.5 / 5.0
by 3 users
Annual Fee:
1st year: 1,200 + ST
2nd year onwards: 500 + ST
Reward type:
Airline
My Zone Credit Card
 
4.0 / 5.0
by 41 users
Annual Fee:
1st year: 500 + ST (waived if spend over 5,000 in 45 days)
2nd year onwards: 500 + ST
Reward type:
Lifestyle
Signature Credit Card
 
4.0 / 5.0
by 7 users
Annual Fee:
Joining Fee: 1500
1st year: 1000 (waived on spends achievement of 2.4 lacs)
Reward type:
Lifestyle
JetPrivilege HDFC Bank Platinum
 
4.0 / 5.0
by 17 users
Annual Fee:
1,000 + ST
Reward type:
Airline
Diners Rewardz
 
3.0 / 5.0
by 4 users
Annual Fee:
1,000 + ST
Reward type:
Shopping and Cashback
Superia
 
4.0 / 5.0
by 12 users
Annual Fee:
1,000 + ST
Reward type:
Premium
Diners Black
 
2.5 / 5.0
by 5 users
Annual Fee:
20,000 + ST
Reward type:
Lifestyle
JetPrivilege HDFC Bank World
 
3.0 / 5.0
by 14 users
Annual Fee:
2,500 + ST
Reward type:
Airline
JetPrivilege HDFC Bank Titanium
 
4.0 / 5.0
by 6 users
Annual Fee:
500 + ST
Reward type:
Airline
Titanium Edge
 
4.0 / 5.0
by 145 users
Annual Fee:
500 + ST
Reward type:
Shopping and Cashback
Diners Premium
 
3.5 / 5.0
by 6 users
Annual Fee:
2,500 + ST
Reward type:
Lifestyle
Regalia
 
3.5 / 5.0
by 3 users
Annual Fee:
2,500 + ST
Reward type:
Premium
Citibank PremierMiles Card
 
4.5 / 5.0
by 5 users
Annual Fee:
3000 + ST
Reward type:
Airline
Air India SBI Signature Card
Annual Fee:
1st year: 4999 + GST@12.36%
2nd year onwards: 4999 + GST@12.36%
Reward type:
Airline
Air India SBI Platinum Card
Annual Fee:
1st year: 1499 + GST@12.36%
2nd year onwards: 1499 + GST@12.36%
Reward type:
Airline
My Wings Credit Card
 
3.5 / 5.0
by 3 users
Annual Fee:
1st year: 1,200 + ST
2nd year onwards: 500 + ST
Reward type:
Airline
JetPrivilege HDFC Bank Platinum
 
4.0 / 5.0
by 17 users
Annual Fee:
1,000 + ST
Reward type:
Airline
JetPrivilege HDFC Bank World
 
3.0 / 5.0
by 14 users
Annual Fee:
2,500 + ST
Reward type:
Airline
JetPrivilege HDFC Bank Titanium
 
4.0 / 5.0
by 6 users
Annual Fee:
500 + ST
Reward type:
Airline
IndusInd Bank Platinum Aura Credit Card
 
4.0 / 5.0
by 5 users
Annual Fee:
1st year: 899 (waived if spend ≥ 10,000 within first 3 months)
2nd year onwards: 200 (waived if spend ≥ 12,000 in that year)
Reward type:
Lifestyle
American Express Gold Card
 
4.0 / 5.0
by 14 users
Annual Fee:
1st year: 1,000 + ST
2nd year onwards: 4,500 + ST
Reward type:
Lifestyle
My Zone Credit Card
 
4.0 / 5.0
by 41 users
Annual Fee:
1st year: 500 + ST (waived if spend over 5,000 in 45 days)
2nd year onwards: 500 + ST
Reward type:
Lifestyle
Signature Credit Card
 
4.0 / 5.0
by 7 users
Annual Fee:
Joining Fee: 1500
1st year: 1000 (waived on spends achievement of 2.4 lacs)
Reward type:
Lifestyle
Diners Premium
 
3.5 / 5.0
by 6 users
Annual Fee:
2,500 + ST
Reward type:
Lifestyle
IndianOil Citibank Platinum Card
 
4.0 / 5.0
by 156 users
Annual Fee:
Nil
Reward type:
Fuel
Citibank Rewards Card
 
4.0 / 5.0
by 150 users
Annual Fee:
Nil
Reward type:
Shopping and Cashback
Citibank Cashback Card
 
4.0 / 5.0
by 28 users
Annual Fee:
500 + ST
Reward type:
Shopping and Cashback
American Express Payback Credit Card
 
3.5 / 5.0
by 16 users
Annual Fee:
1st year: 750 + ST
2nd year onwards: 1,500 + ST (waived if spend over 1,50,000)
Reward type:
Shopping and Cashback
The NEW American Express MakeMyTrip Credit Card
 
5.0 / 5.0
by 1 users
Annual Fee:
1st year: 750 + ST
2nd year onwards: 1,500 + ST
Reward type:
Shopping and Cashback
American Express Platinum Travel Credit Card
 
4.0 / 5.0
by 10 users
Annual Fee:
1st year: 3,500 + ST
2nd year onwards: 5,000 + ST
Reward type:
Shopping and Cashback
SBI Gold and More Card
 
3.5 / 5.0
by 36 users
Annual Fee:
1st year: 499 + GST@12.36%
2nd year onwards: 499 (Nil If total spends on the Credit card is 75,000 or more in the preceding year)
Reward type:
Shopping and Cashback
My Choice Credit Card
 
3.5 / 5.0
by 36 users
Annual Fee:
1st year: 250 + ST
2nd year onwards: 250 + ST
Reward type:
Shopping and Cashback
Diners Rewardz
 
3.0 / 5.0
by 4 users
Annual Fee:
1,000 + ST
Reward type:
Shopping and Cashback
Titanium Edge
 
4.0 / 5.0
by 145 users
Annual Fee:
500 + ST
Reward type:
Shopping and Cashback
IndusInd Bank Platinum Credit Card
 
3.5 / 5.0
by 15 users
Annual Fee:
1st year: 3,000
Reward type:
Premium
American Express Platinum Reserve Credit Card
 
4.0 / 5.0
by 1 users
Annual Fee:
5,000 + ST
Reward type:
Premium
SBI Signature Card
 
4.5 / 5.0
by 2 users
Annual Fee:
1st year: 4999 + GST@12.36%
2nd year onwards: 4999 + GST@12.36%
Reward type:
Premium
SBI Platinum Card
 
3.5 / 5.0
by 18 users
Annual Fee:
1st year: 2999 + GST@12.36%
2nd year onwards: 2999 + GST@12.36%
Reward type:
Premium
Regalia
 
3.5 / 5.0
by 3 users
Annual Fee:
2,500 + ST
Reward type:
Premium
IndianOil Citibank Platinum Card
 
4.0 / 5.0
by 156 users
Annual Fee:
Nil
Reward type:
Fuel
Citibank Rewards Card
 
4.0 / 5.0
by 150 users
Annual Fee:
Nil
Reward type:
Shopping and Cashback
Citibank Cashback Card
 
4.0 / 5.0
by 28 users
Annual Fee:
500 + ST
Reward type:
Shopping and Cashback
SBI Gold and More Card
 
3.5 / 5.0
by 36 users
Annual Fee:
1st year: 499 + GST@12.36%
2nd year onwards: 499 (Nil If total spends on the Credit card is 75,000 or more in the preceding year)
Reward type:
Shopping and Cashback
My Choice Credit Card
 
3.5 / 5.0
by 36 users
Annual Fee:
1st year: 250 + ST
2nd year onwards: 250 + ST
Reward type:
Shopping and Cashback
My Zone Credit Card
 
4.0 / 5.0
by 41 users
Annual Fee:
1st year: 500 + ST (waived if spend over 5,000 in 45 days)
2nd year onwards: 500 + ST
Reward type:
Lifestyle
Signature Credit Card
 
4.0 / 5.0
by 7 users
Annual Fee:
Joining Fee: 1500
1st year: 1000 (waived on spends achievement of 2.4 lacs)
Reward type:
Lifestyle
JetPrivilege HDFC Bank Titanium
 
4.0 / 5.0
by 6 users
Annual Fee:
500 + ST
Reward type:
Airline
Titanium Edge
 
4.0 / 5.0
by 145 users
Annual Fee:
500 + ST
Reward type:
Shopping and Cashback

*Check eligibility to see cards you are eligible for

Here are the main highlights of Credit Cards

Credit Card 4.0 / 5.0 by 5934 users  
Used this product? Write a review »

Use of Credit Cards

Today credit cards have found massive usage due to the convenience they offer. Unlike the old days, you do not have to carry cash all the time. Whenever you go out for shopping, all you need to do is take your credit card with you, shop whatever you want, swipe your credit card at merchant’s machine and walk out with your purchase. Simple, isn't it? In addition to the simplicity, Card issuers offer many type of benefits like cash back, reward points, interest free credit and discount offers on purchases made at select stores. All this makes it attractive to use a credit card in lieu of cash for your purchases. If you are wondering, "What happens after I swipe my card at merchant’s machine?", then read on to know more.

What happens after I swipe my Credit card at merchant’s POS machine?

When you hand over your credit card to the cashier to pay for your purchases he takes it and swipes it in the merchant's point of sale (POS) system. This system is connected to the merchant's bank via a communication link. This POS system helps in verifying your data by using an electronic verification system. The details verified include the validity of your card and the availability of sufficient balance on your credit card to pay for the purchases.

Once your details are transmitted to the merchant's bank, they are sent to your bank which then authorizes the payment if all the details are in order. This authorization is then sent to the merchant's bank, which then blocks the amount from your credit limit so as to reimburse it to the merchant later on. The authorization generates an approval code and is transmitted to the merchant. This code has to be keyed in by the cashier, after which two copies of charge slip are generated. This charge slip is your agreement to pay your issuing bank the amount of purchase. You then sign one copy of the charge slip and take the other one with you, along with your purchase.

Just like you, there are many others who use credit cards for their purchases. They also generate their own charge slips. All these charge slips are stored in batches and submitted by the merchant to his bank, once a day at the end of the working day. But remember, the nature of the relationship of the merchant with his bank is far different from your relation with your bank. It is called a merchant account and is actually a line of credit rather than a regular account. As per this contract, the bank agrees to undertake collection of payments on behalf of the merchant from his customers' banks. These payments are credited to the merchant's bank accounts after deducting the fees for all the services involved.

When the merchant deposits these batches in his bank, they are sent by the merchant's bank for clearing and settlement through the credit card association. This association charges your purchase amount to your bank and pays the amount to the merchant's bank. The merchant's bank then reimburses this amount to the merchant.

Your bank now charges your purchase amount to your credit card account. On the specific date, your bank will generate an account statement, listing all the credit and debit transactions in your account. If the debits are higher than credits, you have to pay the difference to your bank. You will also be given a due date, which is the last date by which you have to repay your bank in full. Failure to pay off this amount in full by due date will mean you will have to pay late fees as well as interest charges to the bank. These fees and charges can be very high, so be very careful.

Credit cards are a powerful credit tool to help you tide over short term financial requirements. However they must be used judiciously, as any misuse of the credit card can lead to high charges and make you fall into a debt trap, besides dropping your credit score drastically. So the watch word is - BE DISCIPLINED TO REPAY your credit card!

As the time is changing, the credit card providers have started tailoring their cards as per one’s requirements.

Types of Credit Cards

The different type of credit cards offered include:
  • Airline credit cards - Airline credit cards are primarily designed for those who frequently travel by air. These cards are generally co-branded with some airline service provider wherein the rewards are provided in the form of air miles. The card holders can use/ redeem these air miles during their next travel. In addition to air miles, the card holders can enjoy several other benefits like complimentary Lounge access at key airports in India and abroad, occasional discounts on air fare, special discounts in their network restaurants etc.
  • Lifestyle credit cards - Lifestyle credit cards are tailored to match your elite lifestyle. They offer gourmet experiences through luxurious travel and fine dining, access to airport lounges, free membership to selected golf courses and platinum concierge to assist you anywhere in the globe. With extraordinary benefits and higher credit limits, these cards can be obtained if the applicant has a good credit and repayment history or a huge monthly income.
  • Fuel credit cards - As fuel expenses are shooting up, the best thing to have as a reward is free petrol/ diesel in your vehicle. These cards are one of the best in the industry because they give you a wide variety of redemption options. You can redeem your points instantly over the Fuel counter for free petrol/ diesel, shopping at stores, online shopping, air miles, adjust against card outstanding, purchase gift vouchers or rewards merchandise.
  • Shopping credit cards – These type of Credit cards are designed for those who are deemed to be more shopaholic (doesn’t mean they spend carelessly) and adore to get rewarded for their spending. The rewards from these type of cards can be redeemed instantly at shopping outlets and e-shopping partners, or for various other options like fuel, Air Miles, Cash Back, Online shopping, gift vouchers and Card issuer’s catalog Merchandise.
  • Cashback credit cards – Under these credit cards, the card holders are rewarded for their spending i.e. a percentage of the amount spent is paid back to the card holder. The users can generally get their cash back conveniently and automatically as statement credit (on request). In addition to regular benefits, the users get several other privileges like dining, shopping and EMI privileges.

Top Banks providing Credit Cards in India

American Express Credit card:

Amex is an American multinational financial service provider and a pioneer in offering credit cards with several attractive, irresistible variations. On offer are cards for shopping, lifestyle, travel, to access select lounges and other commonplace as well as luxurious benefits. The patron is entitled to earn reward and loyalty points that can easily be converted into selected products and services including air miles. Amex has proved itself to be a market leader and a visionary when it comes to credit cards and its usage in a developing market such as India. Also on offer are cash cards and traveller’s cheques from Amex, backed by a robust and responsive customer service initiative. A few of the highlights from Amex credit cards include zero lost card liability, attractive offers, variety of cards in its arsenal, 24 x 7 customer support, membership rewards, payback features, privileged loyalty points and an extra dose of travel through its air miles offer. Sounds too good to be true? Apply for the Amex credit card through BankBazaar and enjoy a refined banking experience.

Citibank Credit card:

As a division of Citi Group- a multinational financial service provider, Citibank is an absolute behemoth when it comes to credit cards on the national and international level. Its services in terms of credit cards are loaded with attractive benefits, and offer an irresistible variety, from lifestyle cards, shopping cards, fuel and travel cards to innovative options like the prepaid cards and corporate cards. With a powerful presence in the credit card industry, Citibank has set the benchmark for its competitors to aspire for in terms of quality, availability, features and customer support. Features such as reward points, easy EMIs, instant loans for your financial obligations and insurance benefits on your card make the Citibank credit card a serious contender for your personal banking needs. Apply through Bank Bazaar and enjoy the advantages of a multifaceted credit card like never before.

IndusInd Bank Credit card:

Founded in 1994, IndusInd Bank is the classic example of being ‘a novice by age but not by ability’. In fact, the bank boasts of one of the most recognizable line of credit cards with such products as the super-premium credit card, premium credit card, co- branded credit card and core credit card forming the crux of its offerings. Avail attractive features in terms of golf course membership, reward points, air miles conversion and instant loans for your financial needs, while being backed by an energetic and reliable banking institution. Find everything that can be expected from a world class credit card, and more, with IndusInd Bank credit card. Apply with BankBazaar today, and enjoy partnering a fast growing banking superstar through its attractive line of credit cards.

SBI Credit Card:

SBI is one of the most trusted and in-demand banks in India that commands an attractive range of customer-centric and simplicity driven credit cards. Being a pioneer in almost all the product lines of commercial banking, SBI has also stepped very aggressively in the credit cards business. The products in SBI’s arsenal include premium cards, shopping and travel cards, classic cards and exclusive cards, each offering an amazing bonanza of benefits including free movie tickets, best in class concierge services, lounge access facilities, balance transfer facility, flexi payment in EMIs, reward points, online bills payment through pay net and a plethora of similar goodies. If you are looking for a reliable, comprehensive, simple and scalable credit card experience, SBI credit cards are the way to go. Apply through Bankbazaar today, and enjoy a different breed of credit card that was designed with you in mind.

Axis Bank Credit cards:

Axis Bank is a progressive bank with an impressive line-up of banking products and services. The Axis Bank credit cards are in a class of their own- offering range, flexibility and simplicity. The products on offer include the ‘Infinite Range’, the ‘Signature Range’ with flexi payment and travel benefits that are applicable to its co-branded cards and ‘My Cards’- exclusively designed for you. Axis Bank cards offer you numerous luxurious as well as everyday benefits like dining offers, airport lounge access offers, cash back, online bills payment, EMI conversion facility and lots more. Get the Axis Bank credit card advantage and put a new spin to your personal banking. Apply through Bankbazaar today!

HDFC Bank Credit cards:

HDFC Bank, a top bank in the Indian private sector has already rolled its sleeves to compete aggressively in the credit cards market. Every now and then, you will get acquainted with some special schemes and offers on HDFC bank credit cards, a range that includes featured cards, co-branded cards, super premium cards, professional cards, premium women, premium travel, premium card, regular card, commercial card and cash back card. Undoubtedly, the benefits and rewards attached to these cards are also pocket friendly like movie tickets, travel vouchers, golf club membership, air miles conversion, reward points, exclusive range of gifts, bill payment, EMI facility, cash-on-call, instant loans, dining offers and many more. Avail the HDFC Bank credit card advantage and enjoy a select range of exclusive offers and benefits. Apply through BankBazaar and be the proud owner of a HDFC bank credit card.

News about Credit Card

  • Lost your Debit or Credit Card,
    Citizen COP is Here

    Debit card, credit card, cell-phone, driving license are the latest of victims of the human callousness. Almost everyone has the experience of losing either one or more of the above items. However, no need to grieve any more or worry about going to the police station. Just download a simple mobile application called Citizen COP. The application is completely free of cost to use and is currently available for Indore customers only. However, no need to worry if you are not from Indore. There are other options as well to retrieve or block your lost assets with other methods.

    Most banks offer you credit or debit card insurance. The insurance not only covers theft but also any misuse or damage to your cards. In fact some even cover online frauds in case your card is lost. All you have to do is enquire with your credit card company. The cost is just minimal and there are card insurance schemes which cover more than one card.

    As far as your phone is concerned, if you have enabled GPS on your phone, just open the Android Device manager or download the application to another mobile. Log in using your google play store account and you can easily track your device by just clicking the find option. You can also lock, erase or give a loud ring of up to five minutes to your phone if it is misplaced somewhere in the home or office etc.

    8th December 2014

  • Credit Cards Next Only to
    Online Payments Reveals yStats.com

    Credit cards have found a new of living but not in the real world. Yes, with online payment options marching left, right and centre, it has overthrown all other modes of payment in the Asia-Pacific region, says the recently published data by Hamburg-based business intelligence organization yStats.com.

    With almost every online seller having their own mode of payment like Alipay and Tencent from Alibaba, Line Pay from the mobile messenger Line in Japan and not to forget the omnipresent Paypal, Credit cards have gradually slipped to the lower ranks in terms of the preferred mode of payment.

    Adding to the owes is Cash on delivery, the new kid on arrival is the hottest method chosen by the consumers in the desi India and neighbouring Pakistan, according to reports in 2014. The only other payment preferred next to the COD is the credit card payment. However, credit card payment is available at only three out of seven major shopping sites. So if you are still thinking of ways of using your good old credit card before throwing it, remember that all your credit card now requires is a few clicks of the mouse and types of the keyboard and not the good old swipe at the POS.

    3rd December 2014

  • CIBIL likely to reveal a
    lot more in the coming days

    Credit Information Bureau (India) Ltd (CIBIL), will soon be a lot more accessible to lenders with instant credit report information. The credit information company, has already communicated its willingness to the Reserve Bank of India (RBI), Irda and Trai and has directed them to also ask for credit information of first time lenders from other service providers. This means lenders can now readily get an indicative credit score and avoid risky loans.

    The new suggestion was brought on the occasion of the Fifth Annual Credit Information Conference, by CIBIL chairman, M V Nair. The current lending economy is having a rough patch with PSU banks having an outstanding amount of a mammoth 60,000 crores for just the education loans according to government data.

    If India has to sustain the 8-11% growth in economy, banks have to grow by at least 20-25% in terms of the credit growth. However, at the same time, they cannot just keep on lending money without managing the risk. The simple solution of having a borrower’s financial history and credit score at first hand will go a long way in stopping bad loans.

    3rd December 2014

  • Cash Back & Reward Points-
    Useful Allies to Your Credit Card

    The age old dilemma- Reward points or Cash back? Just as the Remora fish is a constant companion of the shark, cash back offers and reward points are closely attached to credit cards. Cash back offers rebate a fixed percentage of the amount that you spend every time you swipe the credit card while reward points are the bank’s goodwill gesture that you accumulate for independent purchases off your card, say for every 100-150 rupees spent, you get 1-5 reward points. Cash back comes with conditions while reward points may lapse if not utilized in time. While most banks automatically adjust cash back against outstanding bill amounts, reward points can be used to purchase a desired product or service. Both of these might have differing scope of benefits, but there is usually a minimum transaction amount on your credit card beyond which both cash back and reward points come into play. Thus, just as the shark reference from before, all’s well if you don’t abuse your card and fall into a debt trap, or the freebies and rewards will be quickly forgotten while those merciless jaws try closing in on you.

    24th November 2014

  • RBI CRACKS DOWN ON
    ‘CARD NOT PRESENT’
    TRANSACTIONS

    The Reserve Bank of India (RBI) is cracking down hard on lucrative e-commerce platforms such as Google Play, Amazon and Uber, for their continued adherence to the ‘card not present’ transaction model. The RBI states that all purchases of goods and services within India will have to be done through an Indian bank and the currency used in the transaction should be the Indian rupee. Presently, popular e-commerce platforms such as the ones listed above utilise a global system wherein these companies route credit card transactions through an international payment gateway and completely ignore the two-step verification process that is deemed compulsory by the RBI. This, has resulted in a big outflow of foreign exchange from India.

    While acknowledging that the problem persists, the RBI notes that these dealings are made possible by the fact that such merchant transactions have been outsourced to banks that are located overseas, resulting in the exodus of foreign exchange, and a blatant violation of the directive under the Payment and Settlement Systems Act and the Foreign Exchange Management Act, 1999. To curb this menace, the RBI is issuing immediate directives to all involved parties, asking them to modify their business processes in line with the Indian laws and regulation, with the final deadline for such a shift being set at October 31, 2014.

    16th October 2014

  • Visa To Expand
    Operations In India

    Visa Inc.’s decision to establish a new technology base in India in 2015 promises to boost employment among the country’s engineers and software developers. A large number of the estimated 2000 new positions, to be created, will be based out of India. The resources that Visa Inc. plans to utilise will serve to create easy access to VisaNet, the company’s proprietary network for processing transactions. The new centre is expected to power transformation in it’s mobile and digital segments as part of its increasing focus on electronic payments.

    Visa Inc. will be following in the footsteps of many global financial institutions who have already established similar bases in India to gain an edge over competition through technological innovations.

    14th October 2014


   Credit Card Reviews
Customer Reviews
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  • Validated User
    (0)

    With State bank of India, I have Gold and more credit card.The services are quite better however annually, I pay 300 which could be made as life time free as it would be helpful. Even the credit limit is quite less, if it could be enhanced up to 1 lakh, it would be fine.

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    kubendran took a Credit Card from STATE BANK OF INDIA Reviewed on
  • Validated User
    (0)

    I am very much satsified by citi bank services where I am using my platinum credit card . Same as other banks they are having promotional offers and reward points even cash backs. I havent gone through depth in their offers part however at times I used to receive certain promotional mails in my id

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    hitesh took a Credit Card from CITIBANK Reviewed on
  • Validated User
    (0)

    For more than 6 years, I have Indian oil Citi bank Platinum credit card . By using this credit card, fuel surcharges gets waived off as well as I would get cash back by redeeming reward points. I use this card for emergency purposes. Overall fine.

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    kubendran took a Credit Card from CITIBANK Reviewed on
  • Validated User
    (0)

    I am not sure about the name of credit card with HDFC, however felt so happy having it. I normally use this credit card for almost all the purchases, shopping. I also make use of this card for paying utility bills as well.My preferred card is HDFC.

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    kubendran took a Credit Card from HDFC BANK Reviewed on
  • Validated User
    (0)

    It is rewards card with Citi bank for more than a year. They give lots of offers in terms of cash back, reward points in all purchases and shopping. Credit limit is quite fine. Overall happy with the Citi bank credit card services.

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    surendra took a Credit Card from CITIBANK Reviewed on
  • Validated User
    (0)

    I am not much happy with State bank of India TATA credit card. Incase of any queries raised up, there is no clear resolution provided in prompt manner. Even when calling the customer care, I need to wait for such a long time. Previously, I had lost the card and when received the new credit card, the reward points which was existing was not clubbed and was intimated that it got expired. It would have been better if they could had updated about it.

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    edwin took a Credit Card from STATE BANK OF INDIA Reviewed on
  • Platinum Edge
    0.5 3.0/5
    Validated User
    (0)

    Platinum edge credit card with HDFC is quite satisfactory. There are EMI options provided at all outlets and the conversion is so flexible. I would get quick response from the customer service team in case of transactions or verification which is appreciable.

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    edwin took a Credit Card from HDFC BANK Reviewed on
  • Validated User
    (0)

    Am so happy with ICICI credit card services. They provide cash on card loan which is pre approved loan in terms of credit limit. Even while redeeming reward points, I get cash back and even filling fuels, I get 2.5% cash back as well as fuel surcharges gets waived off in HP petrol bunks.

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    edwin took a Credit Card from ICICI BANK Reviewed on
  • Validated User
    (0)

    I have two cards-Rewards credit card as well as Indian oil Citi bank Platinum card with Citi. The benefits are very good in terms of cash back etc. Indian oil credit card is very much useful in filling fuels where there is waive off of fuel surcharges.

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    edwin took a Credit Card from CITIBANK Reviewed on
  • Titanium Edge
    0.5 4.5/5
    (0)

    Bankbazaar services is upto the mark. The website User Interface Experience is really superb, nice and convenient to use the website, easy to follow steps, just in few clicks the work is done. The follow up after applying for a Credit Card is extreme, they are in touch very frequently. Very convenient way to apply for a Credit Cards without much headaches.

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    amit took a Credit Card from HDFC BANK Reviewed on
  • Titanium Edge
    0.5 4.5/5
    (0)

    The HDFC credit card has decent offers as compared to other banks. There are no cashback offers and also the reward points are a bit less. However the EMI option for most of the transactions are a huge boon when buying stuff online. And yes not to forget the few cashback offers that are present only on online shopping

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    biplab took a Credit Card from HDFC BANK Reviewed on
  • Validated User
    (4)

    The Signature Visa credit card which I have with HDFC bank is not so much good. The services are not so much good and there are no special privileges on the card as well. The credit card limit they provided is also very less and they also do not upgrade it in spite of having the card for more than a year with proper payment history.

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    srikanth took a Credit Card from HDFC BANK Reviewed on
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