Enjoy spending and saving together with a Credit Cards Cashback. But is this all? Learn more about the most popular credit card categories in India!
Credit Cards Cashback
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Did you know that there is an undisputed MVP for the top-selling credit card type in India? According to a recent survey, 65% of credit card users in India prefer the simplicity of cashback over air kilometers or loyalty points. Most people prefer to accumulate cashback with every credit card transaction.
While it may seem like you’re only getting a few bucks with each transaction, the accumulation effect is like filling a piggy bank. And the best part is that it all happens so naturally with just eligible expenses on your credit card.
Essential ‘Cashback’ Guidelines
It is prudent to establish some monetary guidelines in advance for a cashback purchase. You should be aware of some common spending categories that do not offer any cashback. This is not a complete list, note.
Cash arrival on a credit card? no permission. Balance transfer? Uh-huh! Making foreign exchange transactions or buying lottery tickets? Sadly, not all these spending categories give you access to the Cashback Club. Apart from the above, some cards do not offer cashback on fare payments, wallet reloads, jewelry purchases, school/education fees, utility/insurance payments, gift cards/vouchers, and train tickets. That is the best of Credit Cards Cashback.
Your choice matters!
Cashback credit cards offer a variety of options for accumulating cashback. Some provide percentages (ranging from 0.5% to 5%), regardless of the type or location of your purchase.
Some take a more dynamic and tiered approach – the more you spend, the more you earn. For example, you can earn 1% cashback if you spend less than Rs 1 lakh annually and 2% cashback when you spend more than that. However, spend carefully, as sometimes chasing cashback can lead to reckless spending.
Also Read: 11 Less Known Benefits of Credit Cards
There are also category-focused cards, which offer different cashback rates for specific categories – fuel spending, dining experiences, and online shopping are the top ones for Credit card cashback. This can get you 0.5% to 5% cashback.
Reaping the fruits of your efforts!
Now, let’s get into the most personalized aspect of cashback rewards. Yes, recovering them! Whether you want to knock down your credit card bill, get in on the online shopping trend, or just like it, options are abundant.
Some cards allow you to dedicate your cashback to charity or dream vacation through their online portal. The flexibility with which these rewards are offered is evidenced by their diversity.
Strategies for maximum profits!
To get the best cashback on your credit card, you should know these strategies:
1. Match your card, like Free Life Time Credit card to your spending style and discover excellent options for your credit habits.
2. Take advantage of the bonus categories offered by your credit card and don’t forget to track them as you acquire them.
3. Offers from time to time
Apply for Life Time Fee Credit Cards
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