India-Specific Rules
India has unique regulations that affect how you use credit cards — especially for travel and international transactions. Know the rules before you swipe.
RBI Credit Card Regulations
The Reserve Bank of India (RBI) governs all credit card issuance and operations. Banks must provide a 30-day notice before changing card terms; interest can only be charged from the statement date if you pay on time; and banks must process credit card refunds within 3–7 working days.
FEMA and International Spend Limits
Under FEMA, Indian residents can spend up to USD 250,000 per year on international transactions via LRS. Credit card international spends count against this limit since the 2023 TCS rule.
TCS on International Credit Card Spends
From May 2023, TCS at 20% is applicable on international credit card transactions exceeding ₹7 lakh per year under LRS. This is refundable when you file your ITR. Transactions below ₹7 lakh/year remain TCS-free.
Credit Card + UPI Linking
RBI permitted linking Rupay credit cards to UPI in 2022. When paying via UPI using a linked credit card, your full credit card benefits (rewards, cashback) typically apply.
Lounge Access Rules
From 2023, several premium cards shifted from unlimited to capped lounge visits (typically 4–8 per quarter). Always confirm current lounge access terms on your bank's website.