Shuffle your cards smartly for those offers

With
the gala season kicking in, Banks and recognition card companies are offering
‘cash backs’ to court you. Smart shamble of plastic could salvage quite
a sum of money for
shoppers. How
to smartly utilize hard cash backs?

▪ Check
if the offering is valid across all categories

▪ Check
if it’s applicable for your card

▪ Read
the statuses â€" they are quite different for assorted cards

▪ Register
for hard cash backs. Some Banks offering hard cash back as an optional facility

▪ See
if there are any ceilings for hard cash dorsums to avoid surprises later

▪ Keep
an oculus on the cogency of the offers

▪ All
things remaining same, usage recognition card instead of debit entry card as the former gives
free credit

For Indians, the fag
end of the twelvemonth is clip for spending. There are clothing to be bought for the
family, a snazzy mobile for dear sister, Faber chimneys to chill the hot tempered
domestic help, a 5.1 transmission channel DVD participant for boy and so on. The disbursement listing is
endless and often emotions regulation during this time. While it might be hard to
cut the shopping list, one could at least cut costs. This is all thanks to
banks and recognition card companies which are coming out with a countless promotional
offers including the ‘ubiquitous’ hard cash backs. Smart shamble of
your debit entry and recognition card could actually salvage quite a sum. What are
cash backs? Cash endorses refer
to the procedure of Banks and recognition card companies offering you hard cash back â€"
based on the amount spent through the recognition or debit entry card. For instance, there
could be a 5% hard cash back, which intends Rs 5 would be credited back to your card
for every Rs 100 spent. The
catch, though, is that there are often ‘conditions’ to be met. For
instance, there could be a ceiling on hard cash back amounts, restrictions on its
usage (like some stipulate it is applicable lone where the card-issuing depository financial institution has
installed terminals), clip limitations, line of merchandises where it is applicable
and so on. Take for instance
the HDFC Bank’s recent advertisement, it says, “You tin experience 5% less
guilty.” It means, if you store by swiping your HDFC Depository Financial Institution debit entry card, you
can bask up to 5% hard cash back on your ‘highest’ transaction. The key
word here is the highest. Further the hard cash back is different for every month. For example, if you are
transacting in all three calendar months (October, November and December in this case),
you will be eligible for 5% hard cash back. If you are transacting in any 2 months,
the hard cash back is capped at 3% and 1% for any 1 month. The offering is valid till
December, it
mentions. Similarly, the HSBC
debit card offerings 5% hard cash back on passes up to Rs 5,000. The lower limit transaction
amount should be Rs 2000 in the offer, which spans from October 6 to November
30. Standard Chartered Depository Financial Institution have worded it differently. They are offering 2 wages points
for every Rs 75 spent on a precedence debit entry entry card and Rs 125 for a smartfill debit
card instead of the usual 1 wages point.