Credit Cards in India
As at 31st December 2009, there are 20.645 million credit cards in India, a significant decrease of 5.508 million or 21.06% compares to 26.153 million in the same period 2008. As at 30th April 2010, the number of credit cards in India fluctuate further to 19.288 million. Nonetheless, this is an increase of 1.005 million or 5.5% compares to 18.283 million in 31st March 2010.
In the meantime, as at 31st December 2009, there are 170.568 million debit cards in India, a significant increase of 43.035 million or 33.74% compares to 127.533 million in the same period 2008. As at 30th April 2010, the number of debit cards has continue to climb to a record high of 184.791 million in India. This is a contrast compares to credit card which has continue to decline from an all time high of 28.312 million in April 2008.
However, the decline in number of credit cards is expected as banks in India turned cautious due to an Indian Cards Council report that nonpayment on credit cards had risen to 20 percent between April 2008 and March 2009, compared with a rate of 6 percent the previous year.

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	Kotak Trump Gold Card
	10% Cashback across all restaurants 10% Cashback on movies and plays Zero charge EMI(Convert any purchase above Rs. 5000/- into EMI for 3 months) Railway Surcharge Waiver for offline & online transactions 0% Balance Transfer(Processing fee of Rs.349 per Rs.10000) Interest free period on retail transactions of up to 48 days Free for Life Eligibility: Primary Card holder should be in the age bracket of 21 years to 65 years. Add-on Card holder should be 18 years and above Location – Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune Income – Rs. 3lakh and above per annum For Salaried Executives Should be a resident of India Intro APR Intro Period Annual Fee 0% 3 Months None Click here to Apply Now or Learn More...

	Kotak Fortune Gold Card
	Interest Free Cash Withdrawals up to 48 days(Cash Advance fee of Rs. 199/- per Rs. 10,000 or part thereof) Zero charge EMI(Convert any purchase above Rs. 5000/- into EMI for 3 months) Railway Surcharge Waiver for offline & online transactions 0% Balance Transfer(Processing fee of Rs.349 per Rs.10000) Interest free period on retail transactions of up to 48 days Free for Life Eligibility: Primary Card holder should be in the age bracket of 21 years to 65 years. Add-on Card holder should be 18 years and above Location – Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune Income - Rs. 3lakh and above per annum For Businessmen Only Should be a resident of India Intro APR Intro Period Annual Fee 0% 3 Months None Click here to Apply Now or Learn More...

	Kotak Aqua Gold Card
	Interest Free Cash Withdrawals up to 48 days(Cash Advance fee of Rs. 199/- per Rs. 10,000 or part thereof) Zero charge EMI(Convert any purchase above Rs. 5000/- into EMI for 3 months) 2.5% Fuel Surcharge Waiver across all Fuel Pumps Railway Surcharge Waiver for offline & online transactions 0% Balance Transfer(Processing fee of Rs.349 per Rs.10000) Interest free period on retail transactions of up to 48 days Credit limit, up to 80% of term deposit amount Free for Life Eligibility: Primary Card holder should be in the age bracket of 21 years to 75 years. Add-on Card holder should be 18 years and above Location – Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune Minimum TD Amount – Rs. 25,000 Only Individual TDs are allowed Should be a resident of India Intro APR Intro Period Annual Fee 0% 3 Months None Click here to Apply Now or Learn More...

	Kotak League Platinum Card
	Exclusive dining benefits at the Taj Auto encashment of Reward Points SMS us and we will reach you Lost or stolen card fraud cover Zero charge EMI(Convert any purchase above Rs. 5000/- into EMI for 3 months) Complimentary Taj Epicure Membership Priority Pass for access to international airport lounges worldwide 2.5% Fuel Surcharge Waiver across all Fuel Pumps Railway Surcharge Waiver for offline & online transactions 0% Balance Transfer(Processing fee of Rs.349 per Rs.10000) Interest free period on retail transactions of up to 48 days No annual fee Complimentary Add on cards One-time joining fee of Rs. 3000/Rs. 8500/Rs. 12000 Eligibility: Primary Card holder should be in the age bracket of 21 years to 65 years. Add-on Card holder should be 18 years and above Location – Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune Income - Rs. 15lakh and above per annum Should be a resident of India Intro APR Intro Period Annual Fee 0% 3 Months None Click here to Apply Now or Learn More...

	Kotak Royale Signature Card
	Special concierge services to assist you Enjoy golf privileges worldwide Auto enchashment of Reward points Lost or stolen card fraud cover Exclusive dining benefits at the Taj SMS us and we will reach you Zero charge EMI(Convert any purchase above Rs. 5000/- into EMI for 3 months) Complimentary Taj Epicure Membership Priority Pass for access to international airport lounges worldwide 2.5% Fuel Surcharge Waiver across all Fuel Pumps Railway Surcharge Waiver for offline & online transactions 0% Balance Transfer(Processing fee of Rs.349 per Rs.10000) Interest free period on retail transactions of up to 48 days No annual fee Complimentary Add on cards One-time joining fee of Rs. 25000/- Eligibility: Primary Card holder should be in the age bracket of 21 years to 65 years. Add-on Card holder should be 18 years and above Location – Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune Income - Rs. 25lakh and above per annum Should be a resident of India By invitation only Intro APR Intro Period Annual Fee 0% 3 Months None Click here to Apply Now or Learn More...

Total Card Payments in Volume and Value
For 2009, there are 237.207 million of credit card payment transactions in India, a decrease of 21.980 million or 8.48% compares to 259.187 million in 2008. The total credit card payments for 2009 is Rs 60530.72 crore in value, a decrease of Rs 5982.21 crore or 8.99% compares to Rs 66512.93 crore in 2008. The decrease in credit card payments volume and value is in accordance with the reduction in number of credit cards. However, the credit card payments volume and value has decrease by about 9% even though the number of credit cards has reduced by 21%.
In the meantime, there are 157.096 million of debit card payment transactions in India for 2009, an increase of 39.043 million or 33.07% compares to 118.053 million in 2008. The total debit card payments for 2009 is Rs 23867.87 crore in value, an increase of Rs 6683.45 crore or 38.89% compares to Rs 17184.42 crore in 2008. The significant increase in debit card payments volume and value is in accordance with the growth in number of debit cards.

Retail Finance in India
The Indian economy has grown steadily over the last two decades with a rapidly growing Banking and Financial Services sector based on sound fundamentals (low NPAs, Basel I compliant).
India’s central bank, Reserve Bank of India (RBI) is the regulator for the Banking and Financial Services industry.
As reported, Retail Finance in India(housing loan, auto loan, personal loan, education loan, consumer durable loan and credit card) is expected to grow at an annual rate of 18%, from US$27.6 billion in 2003-04 to over US$75 billion by 2010.
And credit card is one of the most common lending segment for consumers in India. Hence we've decided to take the first step and putting the necessary efforts in creating this credit card offers section.
The Indian credit cards market is expected to grow at CAGR of nearly 25% between 2008-09 and 2011-12. Traveling, dining and jewelry are the top three purchases that Indians make through credit cards.
The main purpose is helping the Indian to make credit cards comparison before applying for one that suit them best.
All these processes(comparing and applying) can be made online, thanks to the fact that India is an early adopter of online credit card application facility and technology in Asia.

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