Credit Card

Category Archives for Credit Card.

Axis Bank goes after “non-personal spends” on Credit Cards; blocks rewards accounts

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Axis Bank has gone after manufactured spending, and other “non-personal spend” in a big way last night, blocking access for various customers to their accounts and requiring them to present proof that their spend was not against the T&C of the credit card issued to them.

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Government of India postpones implementation of 20% Withholding Taxes to October 2023

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The Government of India has decided that Credit Cards spending, when abroad, will not count against the LRS limits, and hence no tax will be levied on it. However, when you spend in International Currency while being in India, there will be implications. Details inside.

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