Reward points allotted by credit card companies on purchase transaction with credit cards | Accumulated points can be used to buy things from selected show rooms

November 4th, 2010| Finance.

Reward points allotted by credit card companies on purchase transaction with credit cards | Accumulated points can be used to buy things from selected show rooms

Credit card holders use credit cards to buy new clothes and other things in festival seasons.  Although the customers are aware that reward points are allotted for every purchase with the credit card, they just ignore these4 points.  Most people concentrate on the bill date, interest rate etc.  Though these are very important, they can observe the points and get gifts with the accumulated points.

  • Find out how many points are allotted for paying bills on purchases with the credit card.  This can be found out by observing the monthly statement sent by the bank.
  • These points can be used to buy things.  Points will be lessened depending on the product purchased.  Points will also be adjusted from the usage of card in the next month if the points are not sufficient to buy a particular product.
  • Credit card companies limit the offers to buy few products.  For example, dinner can be had in a particular food court with the points available with you.  These points are to be utilized with in a stipulated period.  Some airline companies are also offering purchase of tickets with these points.
  • Sometimes additional amount may have to pay along with the points.  Find this out before going for shopping.

Festival discounts and cash back offers from credit card companies

Credit card companies are offering cash back and discounts in this festival season.  Up to 10% discount is available when shopping bills are paid using the credit card.

  • HSBC, Axis bank credit card holders can avail a discount of 10% on bills exceeding Rs.2,500 on buying clothes from the selected show rooms.
  • Cash back offer of 15% is available for the customers of ICICI, HDFC bank customers on purchase of selected brands of electronic appliances using the credit card.
  • If rail tickets or hotels are booked through the IRCTC website using the SBI – IRCTC credit card, 17% cash back is offered on bills exceeding Rs.7,500.  These discounts are not offered straight but amount will be deducted from the bill.  Credit card companies are also having understanding with shopping malls and big show rooms to give discounts to those customers who pay the bill using the credit card.  So when you are paying the bills using the credit card find out about these points and discounts offered by credit card companies.
Get updates instantly regarding credit card. Enter your email address: