India Credit Cards Review, Advise & Market Research
We were the First in Global Media to do metrics on the size of the Plastic Money [Credit / Debit] Market in India. We have received quite a number of e-mails and hence for your convenience, here is the latest update on the Data of the Indian Credit / Debit Card Market.
Total Number of Debit Cards – 211.87 Mn
Total number of Credit Cards – 18.18 Mn
Surprised on the number of Credit Card User base being Shrunk
ICICI Bank known for its aggressive lending and new age banking practices was caught on the wrong foot as its Direst Sales Associates and Agents bought in Delinquent customers which has led the
We have been writing on this Site for over 2 years not to go for Credit Card if you are unsure of what product you are opting for. Today, we would like to substantiate our statements with Facts Released by the RBI – The Supreme Regulator.
RBI has received a whopping 18,1810 in FY 2009-10 complaints all related to Credit Card
Read moreMis-Selling + Poor Customer Care – Status of Indian Card Industry
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