Credit cards, Oct. 3 -- From the first credit card issued by the Central Bank of India in 1980 to the digital cards linked to UPI, this payment system has come a long way in the past 45 years.

Currently, there are over 11 crore credit cards in India, per the latest RBI data. These include a variety of them - regular cards, travel cards, lifestyle cards, fuel cards, secured cards, UPI cards and many more. Customers with different priorities and goals opt for the cards which suit their needs.

Earlier, credit cards were only issued by large banks to upwardly mobile people based on their credit scores, but now even small finance banks, including AU Small Finance Bank, Suryoday Small Finance Bank, and Utkarsh Small Finance Bank, issue these ...