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<ul><li><keyword id="116253" type="General" weightage="20" keywordseo="sbi-cards" source="Orion">SBI Cards</keyword> is the second largest issuer of <keyword id="12065182" type="General" weightage="20" keywordseo="credit-cards-in-india" source="Orion">credit cards in India</keyword>.</li><li>As of July 2021, every fifth credit card issued in India was by SBI Cards.</li><li>With the company’s credit card business bouncing back, find out what analysts have to say.</li></ul>SBI Cards share price fell by over 4% on Tuesday (September 21) after US-based private equity firm, The Carlyle Group offloaded a 3.4% stake in the company, mopping up approximately ₹3,267 crore from the markets.<br /><br />The slump in SBI Cards’ share price today is on expected lines, since Carlyle Group’s price band was ₹1,021-1,072. Shares were trading around ₹1,025 as of 11:00 a.m., on September 21. <br /><br />  <div type="image" title="SBI Cards 01_08_21 to 21_09_21." msid="86390687" hostid="261" caption="&amp;lt;p&amp;gt;SBI Cards share price since August&amp;lt;/p&amp;gt;"></div><br />The Carlyle Group held a 15.89% stake in SBI Cards when the company listed on the Indian stock exchanges in March 2020. Since then, it has pared its stake multiple times, and with the most recent sale, its holding is down to 3.14%.<br /><br />However, for existing investors in the company, there’s good news on the horizon.<br /><br />Analysts at Edelweiss are bullish on the company and its future prospects. “We view SBI Cards as a concept stock offering high-growth and high-returns by the only listed player of its kind for a foreseeable future. It would thus sustainably command a premium accorded to few Indian stocks,” stated an Edelweiss report dated September 15.<br /><br />It's not just the analysts at Edelweiss who are bullish on the company. Here are a few brokerage recommendations for SBI Cards:<br /><br /><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Brokerage<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Recommendation<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Target price<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Upside<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Edelweiss<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Buy<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,350<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">32%<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">ICICI Direct<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Buy<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,200<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">17%<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Motilal Oswal<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Buy<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,200<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">17%<br /><br /></td></tr></tbody></table><br /><cmsannotation type="cmsannotation" annotationid="Credit card business is bouncing back" comment="subhead" text="Credit card business is bouncing back"><span data-til="noop">Credit card business is bouncing back</span></cmsannotation><br /><br />SBI Cards posted a strong comeback in the June quarter, reporting a sharp jump in earnings and lower provision for bad debts.<br /><br />Here’s a quick look at some of the key metrics of SBI Cards’ financial performance:<br /><br /><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Particulars<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Jun-21<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Mar-21<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Jun-20<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net interest income<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹924 cr<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹828 cr<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,138 cr<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net profit<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹3,046 cr<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1754 cr<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹3,933 cr<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net NPA<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">0.9%<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">1.2%<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">0.4%<br /><br /></td></tr></tbody></table><em>Source: Company reports</em><br /><br />While its performance is still not back to the levels of the previous year, SBI Cards has posted a substantial improvement across all the three metrics compared to the previous quarter.<br /><br />Analysts at Motilal Oswal predict that it’s only going to get much better from here onwards.<br /><br /><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Particulars<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">FY22 (est.)<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">FY21<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net interest income<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹4,006 cr<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹3,884 cr<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net profit<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,664 cr<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹985 cr<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net NPA<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">1%<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">1.2%<br /><br /></td></tr></tbody></table><em>Source: Motilal Oswal</em><br /><br />Given that SBI Cards is the second largest credit card issuer in the country, it bodes well for both the company as well as its shareholders.<br /><br />  <div type="image" title="Credit Card market share July 2021." msid="86390698" hostid="261" caption="&amp;lt;p&amp;gt;Credit Card market share in July 2021&amp;lt;/p&amp;gt;"></div><br />“Spends have started showing a gradual improvement from Jun’21. The same is likely to rise further, as economic activity picks up and restrictions ease,” stated a Motilal Oswal report dated July 24.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/stock-market/news/collapse-of-evergrande-may-haunt-tata-steel-jspl-nalco-and-other-metal-stocks/articleshow/86387294.cms">The collapse of Evergrande, one of China’s largest home developers, is “not a Lehman moment” but the fear may haunt steel and metal stocks in India</a><br /><br /><a href="https://www.businessinsider.in/stock-market/news/sbi-cards-adani-ports-hcl-tech-and-other-top-stocks-to-watch-out-for-on-september-21/articleshow/86386406.cms">SBI Cards, Adani Ports, HCL Tech and other top stocks to watch out for on September 21</a><br /><br /></strong><a href="https://www.businessinsider.in/business/corporates/news/how-mukesh-ambani-owned-reliance-industries-crossed-the-15-lakh-crore-market-capitalisation/articleshow/85896448.cms"><strong>All the things that drove Reliance Industries’ shares to a 11-month high and over the coveted ₹15 lakh crore mark</strong></a><br />

SBI Cards is down as Carlyle dumps shares but the credit cards business is bouncing back

<p><div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image on-image"><a title_source="Flickr / José Manuel Ríos Valiente" title_caption="If you have bad credit, start with a secured credit card." class="zoomin" href="https://static-ssl.businessinsider.com/image/55d72b2dbd86ef0f008b4e3a-960/man looking in wallet.jpg"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Flickr / José Manuel Ríos Valiente</span></p><p class="caption">If you have bad credit, start with a secured credit card.</p></div><p></p></div></div>Poor credit makes it difficult to get approved for a credit card, but there's something out there for everyone.</p><p><span>We asked personal finance and credit card comparison site </span><a href="http://www.nerdwallet.com/" target="_blank">NerdWallet</a> to highlight options for those with a low credit score (<span>300 to 629).</span></p><p>The roundup consists of <a href="http://www.nerdwallet.com/blog/top-credit-cards/nerdwallets-best-credit-cards-for-bad-credit/">secured credit cards</a> - cards designed to help you build up your credit.</p><p>They require<span> a cash collateral deposit equal to the credit line, generally have higher interest rates than unsecured cards, and don't offer as many rewards as regular cards. </span><span>With responsible use and timely payments, you will eventually qualify for a unsecured (regular) card. </span></p><p>If you're looking to start or improve your credit history, consider one of these:</p>

The best credit cards for people with bad credit

<p><div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image on-image"><a title_source="Flickr / Luke Redmond" title_caption="Travel is expensive, but these cards will help you out." class="zoomin" href="https://static-ssl.businessinsider.com/image/55d23c792acae78a008c0e07-960/8344835540_7d2e21c74f_k.jpg"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Flickr / Luke Redmond</span></p><p class="caption"><keyword id="6354692" type="ORGANIZATION" weightage="60" keywordseo="Travel">Travel</keyword> is expensive, but these cards will help you out.</p></div><p></p></div></div>Choosing a credit card can be overwhelming.</p><p>To help you navigate the process, we consulted personal finance and credit card comparison site <a href="http://www.nerdwallet.com/" target="_blank">NerdWallet</a>, which compiled <a href="http://www.businessinsider.com/the-best-credit-cards-2015-7">a list of the the best credit cards out there</a> for anyone - here, the site has singled out six great options for jet-setters.</p><p>In addition to no foreign transaction fees, which is particularly beneficial for the world travelers, these cards offer great rewards that will help you save on flights, hotels, rental cars, and more.</p><p>If you're on the road often, consider one of these:</p>

The best credit cards for travelers

<ul><li><strong>The shares of India’s second largest credit card issuer are down by over 33% since listing. <br /><br /></strong></li><li><strong>There is growing fear of default by those with credit card debt in India as coronavirus lockdown has brought business to a standstill and threatens large-scale unemployment.<br /><br /></strong></li><li><strong>However, it is backed by the country’s largest bank, which is owned by the government.<br /><br /></strong></li><li><strong>There is headroom for long-term growth as there are only 4 credit cards for every 100 persons in India. <br /></strong></li></ul>The over 15% fall in SBI Cards and Payments Services share price on Monday (April 13) has taken the stock to ₹505⁠— over 33% below the issue price of ₹755 a piece. Essentially, ₹10,000 invested in SBI Cards during the IPO is worth ₹6,700 now⁠, about a month after it got listed in the stock markets.<br /><br />The lockdown to contain the spread of Covid-19 novel coronavirus has brought business to a standstill and <a href="https://www.businessinsider.in/careers/news/over-136-million-jobs-are-at-risk-due-to-corona-lockdown-here-are-the-worst-hit-sectors/articleshow/74941658.cms" data-type="tilCustomLink" target="_blank">threatens large-scale unemployment</a>. Investors fear that this may lead to defaults by credit card owners and therefore, SBI Cards, India’s second largest credit card issuer is being dumped in the stock market.<br /><br />    <div type="Article" hostid="261" msid="74907443" title="Top Indian banks with the biggest chunks of loans to individual borrowers⁠— and coronavirus has triggered a huge risk" mstype="2" mssubtype="0"></div><br /><br />    <div type="image" title="sbi cards" msid="75126478" hostid="261" caption="&amp;lt;p&amp;gt;SBI Cards share price has lost 33% of its value since its listing last month.&amp;lt;/p&amp;gt;"></div><br />Just about a month ago, before the coronavirus pandemic engulfed the world, the prospects seemed very robust for SBI Cards. And that was one of the reasons why some of the biggest mutual fund houses bet big money on the company in March 2020. <br /><br /><table style="width: 270pt;"> </colgroup>  <tbody><tr> <td class="xl65" style="height:15.0pt;width:154pt"><strong>Mutual Fund House</strong></td> <td class="xl66" style="border-left-width: initial; border-left-style: none; width: 116pt;"><strong>Investment in SBI Cards in March 2020</strong></td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Aditya Birla Sunlife</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;"> ₹134 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Axis </td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;"> ₹161 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Edelweiss</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹44 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">HDFC</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹666 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Kotak</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹169 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Mirae</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹117 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Tata</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹81 crorre</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">LIC</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹57 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">DSP </td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹25 crore</td> </tr> <tr> <td class="xl70" style="height: 15.75pt; border-top-width: initial; border-top-style: none;">IDFC</td> <td class="xl71" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹17 crore</td> </tr></tbody></table><em>*Source: Edelweiss</em><br /><br />Firsty, it is backed by the country’s largest bank, which is owned by the government.<br /><br />Secondly, there is a huge headroom for long-term growth as there are only 4 credit cards for every 100 persons in India. That’s an abysmally low and the penetration level can only go up from here. <br /><br />    <div type="image" title="credit card penetration in india (1)." msid="75126551" hostid="261" caption="&amp;lt;p&amp;gt;There is a huge headroom for long-term growth as there are only 4 credit cards for every 100 persons in India. &amp;lt;/p&amp;gt;"></div><br />It is expected that the total credit card spend in india would exceed ₹15 lakh crore (over $200 billion) in the next five years. And SBI Cards can corner a huge chunk of this market waiting to explode.<br /><br />    <div type="Article" hostid="261" msid="74656454" title="SBI Cards lists on the worst possible day and its stock slips 13% on debut" mstype="2" mssubtype="0"></div><br /><strong>Competition </strong><br /><br />India’s credit card market is controlled by four companies⁠— HDFC Bank, SBI Cards, ICICI Bank, and Axis Bank in the descending order of market share⁠— who together control two-thirds of all credit card debt.<br /><br />    <div type="image" title="india credit card market share (1)." msid="75126578" hostid="261" caption="&amp;lt;p&amp;gt;SBI Cards is India&amp;#39;s second largest credit card issuer after HDFC Bank.&amp;lt;/p&amp;gt;"></div><br /><strong>Policies enabling credit card usage<br /></strong><br />The Narendra Modi government has been in favour of non-cash transactions and that is a big advantage for companies like SBI Cards. “Specially e-commerce industry has helped the growth of credit card usage and spending in India which is expected to grow in near future will boost the growth of credit cards as well,” a report from KR Choksey Securities explained.<br /><br />    <div type="image" title="digital payments." msid="75126590" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;span&amp;gt;&amp;lt;/span&amp;gt;&amp;lt;span&amp;gt;The Indian government has been in favour of non-cash transactions and that is a big advantage for companies like SBI Cards. &amp;lt;/span&amp;gt;&amp;lt;/p&amp;gt;"></div><br /><br />SEE ALSO:<br /><a href="https://www.businessinsider.in/business/news/country-sees-101-ipos-in-mar-quarter-median-deal-size-just-usd-1-mn/articleshow/74830032.cms" data-type="tilCustomLink" target="_blank">India sees 10 IPOs between Jan and March 2020</a><br /><br /><a href="https://www.businessinsider.in/finance/news/how-to-avail-three-month-moratorium-for-sbi-emi-and-credit-cards/articleshow/74945199.cms" data-type="tilCustomLink" target="_blank">How to avail three-month moratorium for SBI EMI and credit cards</a><br /><br /><a href="https://www.businessinsider.in/finance/news/how-to-register-online-for-sbi-internet-banking-using-atm-card/articleshow/75004937.cms" data-type="tilCustomLink" target="_blank">How to register online for SBI internet banking using ATM card</a><br /><br /><br />

₹10,000 invested in SBI Cards during IPO is worth about ₹6,700 now⁠— here’s why

​<strong>Indians are getting more credit cards and swiping them too</strong>​

<p><div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image on-image"><a title_source="Hamilton.edu" title_caption="Start building credit as a student." class="zoomin" href="https://static-ssl.businessinsider.com/image/56157908bd86ef335d8b5005-960/hamilton college mascot.jpg"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Hamilton.edu</span></p><p class="caption">Start building credit as a student.</p></div><p></p></div></div></p><p>Building strong credit early on is essential, and there's no better time to start than college.</p><p>"It's easier to establish credit in college rather than wait and try to do so afterwards," <a href="http://www.businessinsider.com/smart-things-to-do-with-your-money-in-college-2015-9">says Jonathan Meaney</a>, a certified financial planner and wealth manager at <a href="http://carterwealth.com/">Carter Financial.</a></p><p>To help you navigate the credit card selection process, we consulted the experts at <a href="http://www.nerdwallet.com/credit-cards/">NerdWallet</a>, a personal finance and credit card comparison site.</p><p>They singled out their favorite student credit cards - all with no annual fee and solid rewards programs.</p><p>These cards are ideal for first-time credit card users looking to establish credit, and you can continue using them even after graduating. Of course, you can always open a new card - if you're looking for a higher credit limit or better rewards - but it doesn't hurt to keep your student card around and active.</p>

The best credit cards for college students

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"><html><body><p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div>The new year means it's time to reassess your credit card situation - and take advantage of all the best offers.</p><p>Within the last year, credit card issuers have introduced some amazing perks to potential customers, including huge intro bonuses (up to $625), 21-month 0% intro APRs, and other ongoing rewards. Getting the right card could help you save on interest fees and earn extensive rewards that lead to cash. </p><p>Fortunately, <a href="http://www.nextadvisor.com/?kw=bisp_1_04_16" target="_blank">NextAdvisor.com</a>, a consumer information site that reviews credit cards from all major issuers, has done extensive research and compiled the best credit cards for 2016.</p><p class="float_right"><div class="KonaFilter image-container float_right"><div class="image"><a href="http://www.nextadvisor.com/credit_cards/amex_bluecash_preferred_review.php?kw=bisp_1_04_16" target="_blank"></a><p class="source"><span>NextAdvisor</span></p></div><p></p></div></p><h3>Best cash-back card: <a href="http://www.nextadvisor.com/credit_cards/amex_bluecash_preferred_review.php?kw=bisp_1_04_16" target="_blank">Blue Cash Preferred from American Express</a></h3><p><strong>Why you should get it: </strong>The Blue Cash Preferred Card from American Express is ideal for those who spend more on groceries and gas. As the winner of NextAdvisor's <a href="http://www.nextadvisor.com/credit_cards/cash_back_card_analysis?kw=bisp_1_04_16" target="_blank">cash-back-card analysis</a>, it boasts one of the highest cash-back rates as well as a lengthy 0% intro APR period. </p><p><strong>What to know:</strong></p><ul><li>Earn 6% back at supermarkets (on up to $6,000 in purchases annually), 3% at gas stations and select department stores like Sears, Kohl's, Nordstrom, and Macy's, and 1% cash back on all your other purchases.</li><li>There's a $150 bonus after spending $1,000 in the first three months.</li><li>0% intro APR for the first 15 months on purchases and balance transfers (there is a 3% balance-transfer fee).</li><li>$75 annual fee, but you should be able to earn it back.</li></ul><p>If you'd prefer a card with a single cash-back rate for everything, check out the <a href="http://www.nextadvisor.com/credit_cards/citi_double_cash_review.php?kw=bisp_1_04_16" target="_blank">Citi Double Cash Card</a>, which offers an effective 2% cash back across the board.</p><p><div class="KonaFilter image-container float_right"><div class="image"><a href="http://www.nextadvisor.com/credit_cards/citi_diamond_preferred_mc_review.php?kw=bisp_1_04_16" target="_blank"></a><p class="source"><span>NextAdvisor</span></p></div><p></p></div></p><h3>Best low APR card: <a href="http://www.nextadvisor.com/credit_cards/citi_diamond_preferred_mc_review.php?kw=bisp_1_04_16" target="_blank">Citi Diamond Preferred</a></h3><p><strong>Why you should get it: </strong>The Citi Diamond Preferred is the top-rated low APR card, featuring the longest 0% APR NextAdvisor has ever found (21 months). That means you'll pay no interest until 2017. On top of that, the card provides perks like access to special events, a personal concierge service, and extended warranty.</p><p><strong>What to know:</strong></p><ul><li>It has a 21-month 0% intro APR on balance transfers and purchases.</li><li>There's a 3% balance-transfer fee. You can see if the fee might be worth it by checking out NextAdvisor's <a href="http://www.nextadvisor.com/credit_cards/balance_transfer.php?kw=bisp_1_04_16" target="_blank">Balance Transfer Calculator</a>.</li><li>No annual fee.</li></ul><p><div class="KonaFilter image-container float_right"><div class="image"><a href="http://www.nextadvisor.com/credit_cards/capitalone_quicksilver_review.php?kw=bisp_1_04_16" target="_blank"></a><p class="source"><span>NextAdvisor</span></p></div><p></p></div></p><h3>Best for good (but not great) credit: <a href="http://www.nextadvisor.com/credit_cards/capitalone_quicksilver_review.php?kw=bisp_1_04_16" target="_blank">Capital One Quicksilver Cash Rewards Credit Card</a></h3><p><strong>Why you should get it: </strong>If you have a few dings on your credit report, consider the Capital One Quicksilver Cash Rewards Credit Card. Designed for those with good (but not great) credit (i.e. a credit score above 660), it's a terrific cash-back card with a 0% introductory APR period and strong rewards - rivaling cards exclusively offered to those with excellent credit.</p><p><strong>What to know:</strong></p><ul><li>It features a $100 bonus after you spend $500 in the first three months (equal to 20% back on the first $500 you spend).</li><li>You will earn an unlimited 1.5% cash back on every purchase; there are no rotating categories or signups required.</li><li>There's a lengthy 0% intro APR on purchases and balance transfers (but there is a 3% balance-transfer fee).</li><li>There is no annual fee and no foreign transaction fees.</li></ul><p><div class="KonaFilter image-container float_right"><div class="image"><a href="http://www.nextadvisor.com/credit_cards/barclaycard_arrival_world_mc_plus_review.php?kw=bisp_1_04_16" target="_blank"></a><p class="source"><span>NextAdvisor</span></p></div><p></p></div></p><h3>Best travel card: <a href="http://www.nextadvisor.com/credit_cards/barclaycard_arrival_world_mc_plus_review.php?kw=bisp_1_04_16" target="_blank">Barclaycard Arrival Plus World Elite Mastercard</a></h3><p><strong>Why you should get it: </strong>The first place winner in NextAdvisor's annual travel rewards credit card analysis, Barclaycard Arrival Plus World Elite Mastercard is terrific for frequent travelers because of its generous rewards and great redemption flexibility. Not only is there a generous intro bonus, but the ongoing rewards are substantial. Plus it's easy to use your earned miles: Just book your travel, use your card to pay for it, and then redeem your miles for a statement credit against your travel costs.</p><p><strong>What to know:</strong></p><ul><li>Earn 2x miles on all purchases. Miles don't expire as long as your account is open, active, and in good standing.</li><li>Earn 40,000 bonus miles after spending $3,000 in the first three months, equal to a $420 bonus, whether you choose to spend it on travel or cash back.</li><li>Every time you redeem your rewards you'll earn 5% bonus reward miles to use towards your next redemption.</li><li>The $89 annual fee is waived for the first year.</li><li>No foreign transaction fees.</li></ul><p><div class="KonaFilter image-container float_right"><div class="image"><a href="http://www.nextadvisor.com/credit_cards/capitalone_business_spark_cash_review.php?kw=bisp_1_04_16" target="_blank"></a><p class="source"><span>NextAdvisor</span></p></div><p></p></div></p><h3>Best business card: <a href="http://www.nextadvisor.com/credit_cards/capitalone_business_spark_cash_review.php?kw=bisp_1_04_16" target="_blank">Capital One Spark Cash for Business</a></h3><p><strong>Why you should get it: </strong>Both startups and established businesses should take advantage of this card. It has strong cash-back rewards that be redeemed in any amount at any time, and it's easy to add employee cards to your account card to accrue more rewards - particularly if your employees travel often for business or make large purchases for your office or business. Additionally, the card is available to those with just good (rather than excellent) credit, which is usually considered to be a credit score between 660 and 724.</p><p><strong>What to know:</strong></p><ul><li>You'll get a $500 cash-back bonus after spending $4,500 in the first three months.</li><li>Earn an unlimited 2% cash back on all purchases.</li><li>There are no foreign transaction fees.</li><li>There's a $59 annual fee, but it's waived the first year.</li></ul><h2>Other cards you may want to try:</h2><p><strong>Best card for average credit: <a href="http://www.nextadvisor.com/credit_cards/barclaycard_rewards_mc_average_review.php?kw=bisp_1_04_16" target="_blank">Barclaycard Rewards Mastercard</a></strong></p><p><strong>Best card for rebuilding credit: <a href="http://www.nextadvisor.com/credit_cards/capitalone_secured_mc_review.php?kw=bisp_1_04_16" target="_blank">Capital One Secured Mastercard</a></strong></p><p><strong>Best card for students: <a href="http://www.nextadvisor.com/credit_cards/discover_it_student_review.php?kw=bisp_1_04_16" target="_blank">Discover it for Students - New! Good Grades Rewards</a></strong></p><p><em style="line-height: 1.5em;"> </em></p><p><em style="line-height: 1.5em;">This post is based on <a href="http://www.nextadvisor.com/blog/2015/12/14/best-credit-cards-for-2016/?kw=bisp_1_04_16" target="_blank">an article</a> originally published on NextAdvisor.</em></p><p><a href="http://nextadvisor.com" target="_blank"><strong>Learn more about which credit card is right for you.</strong></a></p><p><em>This post is sponsored by <a href="http://www.nextadvisor.com/?kw=bisp_1_04_16" target="_blank">NextAdvisor</a>.</em></p><p>Find out <a href="http://www.businessinsider.com/sponsor-posts">more about Sponsored Content</a>.</p></body></html><p class="tagline"><strong>Follow BI Studios on <a href="https://twitter.com/bi_studios_" target="_blank">Twitter</a>, <a href="https://www.facebook.com/BusinessInsiderStudios" target="_blank">Facebook</a>, and <a href="https://www.linkedin.com/company/bi-studios" target="_blank">LinkedIn</a>.</strong></p>

Here are the best credit cards for 2016

The best rewards credit cards of 2019

<p><em><span style="font-weight: 400;"><div class="KonaFilter image-container display-table lead-image-small"><div><div class="image on-image"><p class="source"><span>Chase/Business Insider</span></p></div><p></p></div></div></span></em></p><h2><strong>Here are the best rewards credit cards of 2019:</strong></h2><ul class="summary-list"><li><strong>Best rewards credit card overall: </strong><strong><a href="https://thepointsguy.com/card-details/chase-sapphire-reserve/?utm_campaign=bi_card_guide&amp;utm_source=referral" target="_blank" rel="noopener noreferrer">Chase Sapphire Reserve</a></strong></li><li><strong><span style="color: #222222;">Best credit card for <keyword id="6354692" type="UNKNOWN" weightage="60" keywordseo="Travel">travel</keyword> perks and benefits: </span><a href="https://thepointsguy.com/card-details/the-platinum-card-from-american-express/?utm_campaign=bi_card_guide&amp;utm_source=referral" target="_blank" rel="noopener noreferrer">Platinum Card® from American Express</a></strong></li><li><strong><span style="color: #222222;">Best credit card with a low annual fee: </span><a href="https://thepointsguy.com/card-details/chase-sapphire-preferred-card/?utm_campaign=bi_card_guide&amp;utm_source=referral" target="_blank" rel="noopener noreferrer">Chase Sapphire Preferred Card</a></strong></li><li><strong><span style="color: #222222;">Best credit card for simplicity: </span><a href="https://thepointsguy.com/card-details/capital-one-venture-rewards-credit-card/?utm_campaign=bi_card_guide&amp;utm_source=referral" target="_blank" rel="noopener noreferrer">Capital One® Venture® Rewards Credit Card</a></strong></li><li><strong>Best credit card for rewards on dining and US supermarkets: <a href="https://thepointsguy.com/card-details/the-american-express-gold-card/?utm_campaign=bi_card_guide&amp;utm_source=referral" target="_blank" rel="noopener">American Express® Gold Card</a></strong></li><li><strong>Best cash-back card: <a href="https://thepointsguy.com/card-details/blue-cash-preferred-card-from-american-express/?utm_campaign=bi_card_guide&amp;utm_source=referral">Blue Cash Preferred® Card from American Express</a></strong></li><li><strong><span style="color: #222222;">Best cash or points credit card with no annual fee: </span><a href="https://thepointsguy.com/card-details/chase-freedom-unlimited/?utm_campaign=bi_card_guide&amp;utm_source=referral" target="_blank" rel="noopener noreferrer">Chase Freedom Unlimited</a></strong></li><li><strong><span style="color: #222222;">Best credit card for frequent flyers: <a href="http://www.businessinsider.com/best-airline-credit-card-comparison-delta-united-american" target="_blank" rel="noopener">Airline credit cards</a></span></strong></li><li><strong><span style="color: #222222;">Best credit card for frequent hotel guests: Hotel credit cards</span></strong></li></ul><p>Since the 2016 launch of the <a href="https://thepointsguy.com/card-details/chase-sapphire-reserve/?utm_campaign=bi_card_guide&amp;utm_source=referral" target="_blank" rel="noopener">Chase Sapphire Reserve</a>, rewards credit cards have exploded into a mainstream obsession. </p><p>It's not hard to see why more people than ever are jumping into the once-obscure world of credit card rewards and bonuses. There's the lure of <a href="https://www.businessinsider.com/best-current-credit-card-signup-bonuses">high sign-up bonuses</a> and special perks, not to mention the opportunity to use points for free flights, hotel stays, and even first-class tickets.</p><p>So what's the best move for someone seeking to boost their stock of credit card points and frequent flyer miles? Here are some of the top credit cards currently available, based on <a href="https://www.businessinsider.com/best-current-credit-card-signup-bonuses">sign-up bonuses</a>, rewards earned on everyday spending, benefits, and overall value.</p><p><em>But first, a word of warning: Credit cards play a big role in maintaining a healthy credit profile and score. Make sure you're aware of the impact that opening a new card can have, especially if you're planning to apply for a mortgage or finance a major purchase anytime soon.</em></p><p><em>It's also important to practice financial discipline when targeting credit card rewards - paying your balances off in full each month, making payments on time, and not spending more than you can afford to pay is the best course of action. After all, interest and late charges can cancel out the value you get from your rewards.</em></p><p class="tagline"><p style="font-size:14px;"><em>Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.</em></p><p style="font-size:14px;"><em>Business Insider may receive a commission from The Points Guy Affiliate Network, but our reporting and recommendations are always independent and objective.</em></p><p style="font-size:14px;"><em>Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.</em></p></p>

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Indians are getting more credit cards and swiping them too