Effective from 15 November 2024, new changes are introduced for its credit card users.
Have a look👇
1. Domestic airport lounge access:
Spending limit increased to → ₹75,000 in the previous quarter
2. International transactions:
Mark-up fee revised to → 2%
3. Revolving credit facility rate:
Revised to → 3.75%/month (45%/annum)
May 22, 2023 • 11 tweets • 2 min read
• 0% Foreign Transaction Fee.
• Global Acceptance.
• No Credit History Required.
And much more🤩
IDFC First Wow Credit Card helps you save on every international adventure.✈
Discover how this card keeps your wallet happy and your adventures on track.⤵
• Recently, Govt. announced that credit cards will attract 20% TCS on all foreign transactions above ₹7 lakhs in a year.🤯
» IDFC First WOW Credit Card shields you from paying additional charges and lets you travel hassle-free.😍
How?🤔
May 1, 2023 • 8 tweets • 2 min read
IDFC First has over 1.5 Million credit card users, and their Select Card is one of the best lifetime-free credit card.🤩
Here's why it stands out and why you should consider getting one ⤵ 1) Rewards
The IDFC First Select Card offers Reward points that never expire.🤩
• 10X Reward Points on spends above ₹25,000 per month
• 10X points on spends done on your birthday
• 6X points on online purchases
• 3X points on offline purchases
• 1 Reward point = ₹0.25
11x growth of Axis Bank Credit Cards after the Citi Deal.🚀
Here are top 5 AxisBank cards that you should get now👇
1. Axis Bank Ace Credit Card
• Joining Fee: ₹499
• Annual Fee: ₹499
• Best For: Cashback💸
What you'll love⤵
• 5% Cashback on Bill Payments.
• 4% on Swiggy, Zomato & Ola.
• 2% on all other spends.
• No Upper Limit on Cashback.
Apr 27, 2023 • 8 tweets • 2 min read
Did you Know?
• Launched in 2018, Amazon Pay ICICI Credit card has more than 3 M users.💳
• It holds 30% of ICICI's entire credit card portfolio🤯
With its innovative features and benefits, it is making a big impact.
Let's dive deeper into what makes the card so popular 👇 1. Its Lifetime Free 🤩
• This implies that the card attracts no annual charges and is an easy-to-use basic card for people who would like to shop from Amazon.
Apr 25, 2023 • 8 tweets • 2 min read
Did you Know?
• Flipkart Axis Bank credit card has more than 3.5 M users.💳
• It holds 38% of Axis Bank's entire credit card business.🤯
A super credit card with many advantages.
Here's a detailed breakdown of its features ⤵ 1. Sign-up benefits
• Flipkart voucher worth ₹500 on the first transaction with credit card.
• 15% cashback up to ₹500 on first transaction on Myntra using Flipkart Axis Bank credit card.
• 50% instant discount up to ₹100 on 1st Swiggy order. Use code - AXISFKNEW
Apr 13, 2023 • 7 tweets • 1 min read
In India, only 4 out of 100 people have credit cards.🤯
In other countries, this number is high📊
🇺🇸 USA 340
🇧🇷 Brazil 132
🇬🇧 UK 92
🇨🇳 China 55
🇮🇳 India 4
Here are 5 reasons why credit card penetration remains low ⤵
1. Lack of awareness
Many people do not know the benefits of credit cards.
The two payment technologies are duelling for the same space
Here's why credit cards are growing ⤵️
1/5 It's largely due to reward points 🏆
In recent years, banks and credit card companies have been offering more and more lucrative reward programs to attract customers to use their cards 🤩
Apr 10, 2023 • 6 tweets • 2 min read
According to a survey - 57% of all Indians (around 80.7 crores) have less than ₹5,000 in their savings account or emergency fund 🤯
This is an alarming statistic that highlights the lack of a savings culture in India ⚠️
2/
One of the reasons for this could be the widespread adoption of digital payments in the country 📲 💳
While digital payments have made transactions easier and more convenient, they have also made it easier for people to spend money without realizing it 💸
Mar 31, 2023 • 10 tweets • 2 min read
Total Cards in India 💳
•Debit Cards 95.0 Cr
•Credit Cards 8.3 Cr
Their Transactions Value 🪙
•Credit Cards 118 Cr
•Debit Cards 49 Cr
(As of Feb 2023)
Let's separate the hype from the facts.
The 7 key differences you need to know ⤵
1) Paying now vs paying later.
Debit cards: Your purchases are automatically deducted from your checking account. You’re limited by how much you have in there.
Credit cards: Money is borrowed from a bank or financial institution, which must be paid back later.