Credit Card News: These days every second person is using credit cards. People use it to manage their financial situation. Especially today’s generation i.e. Gen Z is most interested in it. Because with this they keep upgrading their lifestyle. Through this, one can easily do online shopping, food delivery, travel, subscription and digital payments.

However, this youth does not know that if not used properly, it also becomes a mess for the life. Spending without proper planning can increase the debt burden in future. In such a situation, you should use it well. So let us tell you how the spending should be done on the credit card.

Also read: Stock Market: Do you invest money in the stock market after watching YouTube? You should learn a lesson from what happened in South Korea

How much should be spent?
If you also use a credit card, then the expenditure on credit card every month should be between 20% to 30% of your take-home salary. Spending more than this may cause difficulty in paying bills on time and may increase financial pressure.

For example, suppose a person’s take-home salary is Rs 60,000, then he should try to keep his monthly credit card expenses between Rs 12,000 to Rs 18,000. This keeps the budget balanced and does not affect savings.

Don’t just pay the minimum due
If expenses consistently exceed a large portion of income, many people end up paying only the minimum due instead of paying the entire bill. By doing this, interest continues to be charged on the remaining amount every month and gradually the debt starts increasing. Therefore, pay the tochal due in full every month. By paying only the minimum due, the bank can charge late fees and interest, which makes payments more difficult in the following months.

Also read: Cryptocurrency: Will RBI and SEBI together regulate crypto? The government’s statement came, what did it say?

If you have more than one card, control it
If you have multiple credit cards, track all your spending and payments on time. Spending more on different cards can increase the total liability. By using auto-pay or reminder, payments can be made on time.

spend wisely
Credit cards can be used for rewards, cashback and perks, but should not be considered extra income. Budgeting, paying bills in full on time, and using cards only as needed are the best ways to stay financially secure. Especially for Gen Z, adopting good financial habits from the beginning can save from debt and financial stress in the future.

Cheapest Loan in Emergency: In case of emergency, when money is needed, credit card can prove to be a good alternative to loan. If there is any important work at home or you have to pay children’s fees or there is a marriage of someone in the house, then you can easily take a loan through credit card and later repay it with interest, but what if you do not have any credit card? Today we are going to tell you about some such great options, for which there will be no need to have a credit card and the loan will also be available at cheap rates.

Where will you get the cheapest loan?

Gold Loan- If you have some gold kept, you can take a loan by mortgaging it. The interest rates in this are also very low – between 8-10%.

Loan against PPF or LIC- Be it a government scheme or an insurance policy, both can prove to be good options for a loan in times of need. In this, you get a loan at a very low interest rate on the surrender value.

Loan against FD- The bank gives you loan up to 90% against your fixed deposit (FD). In this, only 1-2% more interest has to be paid than the interest received on FD.

Some more easy options to take loan

Suppose you do not have anything to pledge, then even in that situation you will get loans in many other ways. One of these is the option of Buy Now Pay Later. Apps like Amazon, Paytm or Flipkart give interest on credit limit of up to a few thousand if needed. If repaid at the right time, no interest has to be paid. Apart from this, there are some apps like KreditBee, Moneytrap and NAVI, which give loans up to a few thousand only on PAN or Aadhar card. There are some apps which give you small loan instantly based on your salary.

Also read:

Rs 759 crore came into the pension account of an 82 year old man, then what happened next? It is a matter of Bihar

Mobile Number Update: If you have recently changed your mobile number, then merely informing friends and relatives about the new number is not enough. In today’s time, people are using banking, UPI, credit cards a lot, all these services are registered with their mobile number. In such a situation, if you do not update your new number on time, then many important services like OTP, bank alerts and online payments may stop. This is why it is very important to update the mobile number in all your financial accounts after getting a new SIM. Let us know at which places we should not forget to update the new number.

First of all update the new number in the bank account.

If you have taken a new number, then first update your new number in your bank account. Often the bank sends information related to OTP, transaction alert, internet banking login and debit card verification to the same number which is registered with the bank account. In such a situation, if you do not update the new number, the old number will remain registered in your bank account. In such a situation, you may have to face a lot of difficulties in using banking services.

LPG News: Bharat Gas gave ‘Panchmantra’ regarding LPG cylinder, note these 5 important rules today itself

Update UPI apps and card details also

Just changing the number in the bank is not enough, but UPI apps like Google Pay, PhonePe, Paytm and BHIM also work on the basis of the mobile number registered with your bank. In such a situation, if you do not update the new number, you may face difficulty in sending or receiving money.

Apart from this, it is very important to update the new mobile number in your credit card, demat account, mutual fund, share trading platform and other investment accounts. If you have an insurance policy, home loan, personal loan or other financial services, do not forget to update the new number there also. With this, EMI, premium and other important information will be available on time.

PF Rules: Whether you want to buy a house or do renovation, how many times can you withdraw money from PF? Know the rules

Credit Card: Times have changed a lot as compared to earlier, where earlier only adults had mobile phones, now even small children are using them. The change is not limited only to mobile phones, but now even Gen Z in the country is increasingly using credit cards. Whereas earlier the use of credit cards was limited only to the people of big cities, now the youth of small towns are also using it.

What’s in the report?

According to the report, today’s youth are using credit cards and other loan products more rapidly. Also, within just 3 months of getting their first credit card, about 28 percent of Gen Z customers had an outstanding balance of more than Rs 25,000. Not only this, but 69 percent of Gen-Z even took a second credit product within a year of getting their first credit card. Along with this, Gen-Z is not only shopping, but is also using EMI and other credit products more than before.

Those employees who will be retrenched will get 9 months salary, this company has announced

Gen Z leads for the first time

• According to the report, by March 2026, 50 percent of the first-time credit card customers were below 30 years of age.
• Among the first time credit card takers, 46 percent are from rural areas.
• It means clearly that now not only urban people but also rural people are increasingly using credit cards.

Credit card usage continues to increase

In March 2026, the number of people having credit cards has increased to 5.2 crore. During the same period, the number of active credit cards in use increased rapidly by almost five times to 10.7 crore.

The entire global market was shaken by Trump’s statement, crude reached close to 80 dollars; Now what next?

BNPL vs Credit Card: If you like shopping, then you must also know that in today’s time, shopping can be done even if you do not have money. There are many options for this also. Like BNPL (Buy Now, Pay Later) or credit card. With the help of these two you can shop now and pay later. However, the method, cost and usage of both are different. In such a situation, before using it, it is very important to know which of these two options will be better for you.

What is BNPL?
BNPL means (Buy Now, Pay Later) it means ‘Buy now, pay later’. In this, you can buy any goods or service immediately and pay its price later in one lump sum or in easy installments (EMI). Many BNPL companies do not charge interest on payment within the stipulated time. However, if payment is not made on time, you may have to pay both late fees and interest.

Also read: Gold-Silver News: Government took a big decision on gold and silver, prices of gold and silver will reduce further! Jewelery industry will get a boost

What is a credit card?
Credit card is a credit facility provided by the bank. Through this, you can spend up to the prescribed limit and make payment after the billing cycle is over. If you repay the entire dues on time, no interest is usually charged. But just paying the minimum due or delaying the payment may result in paying heavy interest.

BNPL vs credit card
Although the work of both of them is same, but the method of their work is different. BNPL is generally used more for small purchases and limited time payments, whereas credit card is considered more beneficial for everyday expenses, online-offline shopping, travel and large payments. The credit card also offers reward points, cashback, airport lounge access and other benefits, which are often not available at BNPL.

Also read: EPS 2026: Government implemented new pension scheme, know what changed and what not in the new EPFO ​​scheme.

Which of the two is better?
If you ever have to purchase a small amount and you can make the full payment on time, then BNPL can be an easy option. At the same time, if you make digital payments regularly, want to build a good credit history and want to take advantage of rewards, then a credit card can prove to be more beneficial.

New Rules 1 July 2026: The first date of every month brings with it some new rules. The month of June is just about to end and the month of July is about to begin. Many important financial rules are changing in India from July 1, 2026, which will have a direct impact on customers and taxpayers. Many things are expected to happen in these new rules, from withdrawal of PF through UPI, increase in DA, change in LPG prices etc. Let us know what changes are going to happen from July 1, 2026.

Deadline to file ITR

The last date for filing salaried income tax returns (ITR-1 and ITR-2) for salaried and unaudited taxpayers is July 31. That means, salaried employees and those who have income from capital gains, house property or other non-business income which does not require audit, will have to fill ITR-1 and ITR-2 forms.

HDFC credit card rules will change

The second quarter of the new financial year is starting from 1st July. On this occasion, HDFC Bank is going to make some changes in the rules of its Regalia Gold and Diners Club Privilege credit cards. Apart from some changes already implemented, new rules related to airport lounge access will be applicable from July 1, 2026. Some changes have already been implemented, while new rules related to airport lounge access will be applicable from July 1, 2026.

According to the new rule, 1 From July, HDFC Bank Regalia Gold Credit Card users will have to meet a new spend limit every quarter to get access to domestic airport lounges. Under this policy, customers will have to spend at least Rs 60,000 in the previous quarter to get free domestic airport lounge access in the next quarter.

Getting a passport will be expensive

The Ministry of External Affairs has made a huge increase in passport fees after more than a decade. Under the new rules effective from July 1, the fee for a 36-page new or re-issue passport will increase from Rs 1500 to Rs 2500. That means a direct increase of Rs 1000 has been made. At the same time, for immediate service, now you will have to pay Rs 5000 instead of earlier Rs 3500. The fee for 60-page jumbo passport will also be increased to Rs 6000.

Changes in railway penalty rules

From July 1, you will have to pay double fine for traveling without ticket. Under the new rules, the amount of fine is being increased from Rs 250 to Rs 500. Also, from now on, if any man is found traveling in a women’s coach, he can be fined up to Rs 2500.

Aadhaar will be updated for free

Giving great relief to the citizens, UIADAI has made Aadhaar update free for the next six months from July 1. Earlier, to change name, address, date of birth, mobile number and email in Aadhaar, one had to pay Rs 75.

Also read:

8th Pay Commission: What is the government’s game plan on fitment factor? The matter should not be limited to 2.28

Personal Loan vs Credit Card: Many times such an emergency suddenly arises for which money is needed immediately. A medical emergency or a financial emergency can occur at any time. In such a situation, people have two options: borrowing from someone or taking a personal loan, or using a credit card.

However, personal loan or credit card is also a kind of loan. You can get quick money from both, but the methods and expenses of both are different. Therefore it is important to choose the right option. But how will that happen? Let us tell.

Also read: How will children use Paytm UPI without a bank account? Know the complete process, make payment for school-college canteen-metro

What is personal loan?
In personal loan, the bank or financial institution gives you a lump sum amount. You have to repay this amount through EMI every month within the stipulated time. Usually its interest rate is fixed in advance, so that you know in advance how much installment will have to be paid every month.

What is a credit card?
In a credit card, you get a fixed credit limit, which can be used anytime when needed. If you pay the full amount of the bill by the due date, usually no interest has to be paid. But if the payment is not made on time, heavy interest and other charges may be imposed on it.

Also read: What will change from July 1? How much impact will the new rules coming into effect have on your pocket?

Personal Loan Vs Credit Card
Both are used in different ways, like if you need a large amount of money like Rs 2 to 5 lakh, like for hospital bills or any major work, then personal loan is a better option. It has fixed EMIs, making it easy to pay and often cheaper than carrying a credit card outstanding for a long time.

So, if you need a small amount like Rs 10 or 20 thousand, you can pay the full amount when the salary comes next month, then credit card is a better option. There is no process of taking loan in this and the money is received immediately.

Which of the two is better?
While choosing a loan or credit card, one should not only look at the interest rate. Processing fee on personal loan and penalty may be imposed if EMI is over. At the same time, late payment charges, finance charges and other fees can also be added to the credit card. Therefore, take the decision only after understanding the total expenditure.

Credit Card Expenses: Everyone is using credit cards these days. Apart from paying small expenses or bills, people also use it for shopping. These days, government banks are more preferred than credit cards of private banks. An example of this has also been seen in the recently revealed data. Let us tell which bank this is.

This bank is ahead in the race
In fact, according to recent RBI data, 1.82 lakh new credit cards have been issued to the people by SBI Bank in May 2026. During this period, a total of Rs 38556 crore was spent on SBI cards, which is 2% more than in April. These figures are much more than any other institution.

Also read: Personal Loan vs Credit Card: Personal Loan or Credit Card, what to do if you need money for emergency? Experts told the benefits of both

Data from other banks
While SBI has issued the maximum number of credit cards, after this the figures of other banks have also come out, which are as follows:

• ICICI Bank issued 1.68 lakh new credit cards in May 2026. Due to which an expenditure of Rs 32,818 crore was incurred, which is 1% more than in April.
• HDFC Bank issued 1.42 lakh new credit cards in May. Due to which cardholders spent Rs 59,138 crore.
• An increase of 2% has been recorded in HDFC Bank cards per month.
• Kotak Mahindra Bank issued 54,000 new credit cards. Due to which the expenditure increased by 6% to Rs 6,389 crore.
• Axis Bank has issued 52,000 new credit cards in May. Due to which the expenditure increased by 6% to Rs 23,301 crore.

Also read: How will children use Paytm UPI without a bank account? Know the complete process, make payment for school-college canteen-metro

What do the figures say?
These figures show how much the trend of credit cards is increasing among the people in the country. People are also making new cards and using them more than before. Due to this, there is continuous strength in the credit card business of banks. However, the biggest thing is that people have faith in government banks and not in private institutions. In such a situation, SBI is highest in the list of people.

Online Shopping Scam: Online payment has been popular among people for quite some time. This has made it much easier to buy goods. Similarly, online shopping has also become a convenient method for people. From groceries to clothes to food, everything now reaches your doorstep. If you also do online shopping then you must be aware of the Buy Now Pay Later option. Let us tell you what it is and how it works?

What is BNPL?
BNPL (Buy Now Pay Later) means buy first and pay later. This is an option through which you can buy any item immediately and pay for it later in lump sum or easy installments. Its approval is obtained quickly and it does not require many documents. Although this option seems very convenient, but is it really that convenient? Let us know its advantages and disadvantages.

Also read: Kunal Shah Net Worth: How does WhatsApp earn? How much wealth does its new head Kunal Shah have? you will keep counting zeros

Benefits of BNPL
Making payment after making the first purchase can be very beneficial. Let us know some of its main benefits.

• The biggest advantage of BNPL is that one does not have to spend a huge amount at one go.
• Any purchase can be paid in installments.
• Many companies also offer the option of zero-cost EMI.
• This seems cheaper than traditional loans.
• If you do not have a credit card, BNPL is an easy option for them.

Disadvantages of BNPL
Who wouldn’t like it if they get some time to make payment after making a purchase? People find this very beneficial. But it also has many big disadvantages, let us know.

• If you are choosing BNPL option then purchasing more than necessary is harmful.
• Payment has to be made later, so the expense is less realised.
• If installment or payment is not made on time, penalty may be imposed.
• Poor payment records can also damage your credit score.
• It may be difficult to take a loan in future.

Also read: Rishabh Pant Salary Cut: Harsh Goenka said on Rishabh Pant’s ’12 crore pay cut’ – It is impossible to even think of this in corporate life.

Let us tell you that whether it is credit card or BNPL, all these things are very convenient for the people. But if they are not used properly, they can prove to be very heavy. In such a situation, you should use any such facility only after thinking.

Credit Card Limit: If you use a credit card, then you must be aware that the bank gives you offers to increase the limit every now and then. Many people think that this is happening because of their credit score or good customer behavior. Many people accept this offer, but do not know the real truth behind it. So let us tell you why the bank gives such offers and whether we should accept this offer or not.

Why do you get higher credit limit?
In fact, recently the Managing Director of Flexi Capital talked to NDTV about this. During this he told that, due to your financial behavior the bank gives you such offers. What credit limit can be given to you is decided by looking at your income, credit score, payment record and existing loan of the customer. Only if the bank sees these good financial habits of yours, it can offer you higher limit from time to time.

Also read: SpaceX: Amazing work of Elon Musk, SpaceX becomes the 5th most valuable company in the world, surpassing Amazon

too much limit is not bad
However, higher credit limit is not always bad. If you use it properly then it can improve your credit score. It also depends on your credit utilization ratio, i.e. how much of the outstanding limit you are using. Generally it is said that more than 30% of the total credit limit should not be used.

Use higher limit like this
If you have got a higher card limit then it is not necessary that you keep spending it unnecessarily. Only in improving lifestyle and shopping. Rather, the credit card should be used as a backup in times of emergency. People should not consider this as an emergency fund option because the interest rates on credit cards are very high.

Also read: The company where we learned to eat pizza is now on the verge of being sold, a deal worth 2.7 billion dollars