Chart of the Day: Rate cuts bypassed credit cards during pandemic
The transmission of policy rate cuts during pandemic years missed credit cards completely, with interest rates rising for this category.
The transmission of policy rate cuts during pandemic years missed credit cards completely, with interest rates rising for this category.
Don’t set your cards to auto-pay until you read this.
Credit card issuances and spends continued to remain robust in May in an indication that the retail economy continues to be strong, said experts. According to data from the Reserve Bank of India, there were 7.68 crore outstanding credit cards in May 2022, which was about a 2.2 per cent increase from 7.51 crore in…
We are the original credit card rate and fee reporting service for consumers. Since 1986, we have helped millions of people save money by findings a lower rate card, transferring balances, and avoiding scams. Browse, read and search for current news regarding the payments industry, specifically curated for consumers. No signing up and, totally free.
Over the past 30+ years, CardTrak has been featured in thousands of news outlets including TV, Radio, and Newspapers.
We are 100% independent and do not allow credit card or financial companies to pay us to improve our reviews or placement on the website. Rates and terms do change often, and while we do our best to report accurate information, we do urge you to read all terms and pricing before opening an account.