Linking Credit Cards with UPI to Get Higher Acceptance

The Reserve Bank of India said that it will allow the linking of credit cards with the UPI platform. The central bank said that only RuPay credit cards will be linked to the UPI platform in the initial phase. The move will enhance the credit card acceptance infrastructure as merchants can accept credit cards using UPI. Industry players said that while the integration of Unified Payments Interface (UPI) with RuPay credit cards is seen as an advantage by key stakeholders, more clarity will be needed on some operational aspects. While…

Credit Cards: Track Your Card Usage Ratio

With increasing digitisation, the usage of credit cards is increasing and banks are offering attractive benefits such as cashback, discount coupons and reward point benefits to attract new customers. Many people hold multiple credit cards, especially co-branded cards that offer rewards on purchases of air tickets, train tickets, fuel surcharge waivers, etc. Use Card Responsibly While there are benefits to having multiple cards, you must use them responsibly. Establish a good credit history with a vanilla card and then add some premium cards based on usage and specific purchases. Before…