India Credit Cards Review, Advise & Market Research
Credit Adviser
It should not come as a surprise that Plastic Money – Debit / Credit Cards can help the Government eliminate the Black Money / Parallel Economy if the Government takes certain determined measures and can also save big time on the currency printing
Read morePlastic Money will Curb Parallel Black Money Economy
We have just discovered that, Experian, the leader in Consumer Credit Rating has launched Credit Reports on Demand for any Citizen of India. This facility is made available exactly a year after CIBIL started offering its consumers credit reports directly on demand.
Experian have priced Consumer Report at Rs 138 compared to CIBIL’s Rs 154. I have ordered mine and will weigh the difference between Experian’s and CIBIL’s as soon as it is available with me.
You can Order your Credit Report directly from Experian using the Form available here.
If you are Sending the Credit Information Request Form along with
Read moreExperian Credit Infomration Report Available on Demand in India
We were consulting for an online project and hence wanted to know how many Indians actually own Credit Card and Debit Cards. Together [Debit + Credit], 191.21 Mn Plastic Money Cards has been issued by all the banks in India[Single User may have Multiple Cards] but
Read moreIndians Hold 191.21 Mn Plastic -Debit + Credit Cards
We at CardBhai continuously use lot of data from RBI for internal Research Purpose. Excerpts of this research is made available to you.
During the Last Financial Year – Apr-2009 to March-2010, Indians spent a total of Rs 62,872.23 cr [USD 13.97] on Credit Cards and Rs 26,172.45 cr [ USD 5.81 Bn] using their Debit
Since the CardBhai Forum was opened for participation, we have received lots of queries on help for settlement of Credit Cards / Personal Loans. Today I would like to enlighten readers on why RBI & Credit Institutions are unlikely to clean your name from the Credit Information Companies – CIBIL Records even after Settlement.
First, you should know that Credit Cards and Personal Loans are Unsecured Debt [Loans without any Security]. RBI gives a Free hand to Banks to charge any interest rate on these instruments.
Credit Cards are increasingly being accepted as a means of payment as proved by Data from RBI. However, Credit Card frauds occupies the Top Slot in the Number of Banking Frauds Statistics as released by RBI. Now as the pioneer adviser in this sector, I feel it is my responsibility and have been taking several steps in this direction.
I have received several mails where consumers complain about fraudulent transactions on credit cards. I asked the RBI –
As a Credit Card Customer of a Bank regulated by RBI, what are my rights when a fraudulent transaction occurs on my card which