Credit Card News India

Last updated: 22 Oct 2026 (today)

Credit card launches, reward changes, fee updates, RBI credit card regulation.

📰 Latest Credit Card News

Westside Charges ₹49 per Swipe: Your Card Costs More

Westside is adding a ₹49 convenience fee on every in-store credit card payment from October 8. This means swiping your card at Westside now costs extra — here's what you can do to avoid the charge.

Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance News

Credit Card

Free Lounge, 42% APR? Read Before You Apply

Paytm and AU Small Finance Bank launched a co-branded RuPay credit card with free family airport lounge access and Paytm rewards. Sounds great — but frequent travellers who carry a balance could pay far more in interest than any lounge perk saves them.

Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance News

Credit Card

SBI Charged ₹2,999 Fee You Never Agreed To: Fight Back

A woman asked SBI for a low-fee credit card but was given a high-fee one charging ₹2,999 annually. When she asked to close it, SBI refused. This is an illegal banking practice — and here's how to fight it if it happens to you.

The Economic Times

Credit Card

Axis Credit Card: 5 Rule Changes Hitting Your Wallet

Axis Bank is updating its credit card rules from August 28, 2025 — covering rewards earning, late payment fees, foreign transaction markups, and more. Here's what every Axis cardholder needs to know before the changes kick in.

NDTV Profit - Latest

Credit Card

Credit Card Rent Pay Returns: 3 Costs You Must Know

PhonePe and CRED may soon let you pay rent using a credit card again. Sounds great for reward points — but processing fees, interest traps, and RBI rules mean it could cost more than you think.

mint - money

Credit Card (also)

Festive Loans: 5 Checks Before You Sign the Deal

Banks and lenders flood the market with festive offers every October. Gold rewards, zero-processing-fee loans, and cashback sound great — but a few hidden traps can cost you more than the discount you got.

Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance News

Credit Card (also)

August 2026 Money Deadlines: 3 That Cost You

August 2026 brings three big financial deadlines: ITR filing, Axis Bank credit card rule changes, and a Kotak DCC fee hike. Miss any one and it costs you real money — here is what to act on now.

Wealth-Economic Times

❓ Credit Card — Quick Answers

Which is the best credit card for new users in India?

Depends on spending pattern. For online shopping and dining: Amazon Pay ICICI or SBI SimplyClick. For airport lounge access: Axis Magnus or HDFC Millennia. For fuel: BPCL SBI or ICICI HPCL. Start with a no-annual-fee card, then upgrade as spending grows.

How do credit card interest rates work?

Interest is charged at 30-45% per year (2.5-4% per month) on the outstanding balance if you don't pay in full by the due date. Interest starts accruing from the transaction date once you miss full payment, not from the due date. Always paying in full avoids all interest charges.

What is the credit utilization ratio?

It's your total outstanding card balance divided by total credit limit. Keeping it under 30% is ideal for your CIBIL. Utilization above 50% starts hurting your credit score noticeably. If you spend heavily, prepay before the statement date so the reported balance is low.

How can I dispute a wrong credit card charge?

File a chargeback within 60-90 days (varies by network) via your card issuer's app or customer care. Documentation needed: transaction proof, correspondence with the merchant, description of the dispute. If unresolved by the bank, escalate to RBI Banking Ombudsman via cms.rbi.org.in.

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