RBWM: Concepts and Practice · Part B: Retail Products and Recovery

Chapter 8: Credit and debit cards

Debit, credit and prepaid cards: who is in a card payment, what a statement charges, and RBI’s rules for card issuers.

Open Chapter 8 in the e-book The book and its prices

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

8.1Debit, credit and prepaid cardsp. 101
8.2How a card payment worksp. 102
8.3Using a card safelyp. 103
8.4The bill, the minimum due and interestp. 104
8.5Fees, EMIs and the issuer’s conductp. 105
Exam traps and quick checksp. 106
Practice: 16 questions in three roundsp. 107
Answers, with every wrong option explainedp. 109
Make it stickp. 111
Chapter 8 on one pagep. 112

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.