Premium category credit cards have witnessed 100% growth on a YoY basis and industry sources have told us that they expect it to grow 50% this year against the regular credit cards growth of 25-30%.
So what are Premium Credit Cards ?
These
HDFC Business Debit Card
HDFC Bank has introduced a Business Debit Card for Partnership Firms, Private and Public Ltd companies in India. Benefits of the card are as follows
- Cash back
12% default on Credit Card – HDFC Study
HDFC Bank commissioned a study to find the defaulters on its Credit Cards and the rate is at a whopping 12%. It is 4% on its personal loans segment.
So why so many defaulters ? Is it because the bank pampered and gave away credit cards to delinquent customers
ICICI + ABN Amro Hike Credit Card Interest Rate
If you are holding an ICICI Bank or ABN Amro Credit Card, then it is time for you to check on your APR [Annual percentage Rate] or Interet Rate. ICICI Bank thinks that an APR of 2.5% per month is too low and has not been revised in the past 3 years. They cite that housing loans have gone
SBI Gold and More Card Launched.
State Bank of India which launched Gold international Debit Card Last Week and SBI Platinum Card Yesterday has also launched SBI Gold and More Card.
SBI Gold and More Card is a Gold Card in association
SBI – Visa Platinum International Card
You asked and they listened. The State Bank of India, one of the largest Credit Card users in the country with very low frauds [CardBhai Recommends SBI Cards] has finally answered its customers requests.
Just a while ago, we were told that they have launched “SBI Platinum Card“