Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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  • How to Use Credit Card Reward Points Reviews

    • IndusInd Bank Credit Card
      "Best card to use"
      0.5 5.0/5 "Blown Away!"
      I am having Indus Ind credit card for the past 1 year. The benefits like rewards points cash back offers and online offers are available with this card. I am happy with the credit limit. The interest rate is nominal with this card. The best the thing is free movie ticket reward points, and the low interest rate on cash transactions. I am happy to use this card.
      Was this review helpful? 1
      , lucknow
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Credit Card
      "Overall good"
      0.5 4.0/5 "Great!"
      I hold a credit card with Standard Chartered bank and the offers are good. I earn reward points but I am unable to redeem the points. The credit limit is of 32k, but I am needing a better limit on the card. The customer services and response is good and satisfactory.
      Was this review helpful? 0
      , ernakulam
      Reviewed on Jun 23, 2017
    • HDFC Bank Credit Card
      "Good to Use"
      0.5 4.0/5 "Great!"
      I am using Diner club credit card, whenever I go for any tie up restaurant with the HDFC they are providing some cash back and also I get some reward points. I am happy with credit card service of HDFC. Bill are very transparent and clear about the transaction.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 23, 2017
    • ICICI Bank Credit Card
      "Better card to use"
      0.5 4.0/5 "Great!"
      I have never used this ICICI CORAL credit card properly . I hold this ICICI coral card for past 3 years. When I was using this card I got the reward points, cash back offer and the payback card which is attached with this card. For every transaction I will be some loyalty points which is added to the payback card. I am happy about the credit limit. I am satisfied using this card .
      Was this review helpful? 1
      , lucknow
      Reviewed on Jun 23, 2017
    • HDFC Bank Credit Card
      "Better card to use"
      0.5 4.0/5 "Great!"
      The HDFC bank All miles credit card carries benefits like reward points and cash back offers. The reward points can be redeemed as air tickets, which is very good offer. I am happy about the credit limit. The rate of interest is nominal with this card. I am satisfied using this card.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jun 23, 2017
    • HDFC Bank Credit Card
      "Extremely good in the services"
      0.5 5.0/5 "Blown Away!"
      After seeing my transactions in my account, HDFC Bank offered me a credit card with a credit limit of 60K. They have also told me to use the card for the next three to four months and the bank would increase the limit. Even if they do not do it, I would not mind because I am extremely happy with the clarity they provide in the services.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • SBI Cards Credit Card
      "Better card to use"
      0.5 5.0/5 "Blown Away!"
      I have got a SBI platinum card last month and I have made a purchase of a mobile phone. The service with SBI credit card is really good. The rate of interest is nominal with this card. I am happy about the credit limit. The customer service and the response with SBI is good. I am happy to use this S BI platinum credit card.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 23, 2017
    • HDFC Bank Credit Card
      "Good Card to use"
      0.5 5.0/5 "Blown Away!"
      I am having a Money back credit card with HDFC bank for past 6 months. I get benefits like reward point, cash back offers and Online purchasing offers with this card. I am getting the notifications about the special offers with this card. The rate of interest is nominal with this card. I am happy about the credit limit and satisfied using money back card.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 23, 2017
    • RBL Bank Credit Card
      "Good Card to use"
      0.5 5.0/5 "Blown Away!"
      I am holding this RBL card for almost a year. If I spend more than 5k per month on this card I would be getting rs 500 voucher which can be redeemed as a movie ticket on book my show. This card has an annual fee of rs 500. Happy about the credit limit also I always prefer to pay my credit card bills through NEFT. I am very much satisfied using this RBL card.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 23, 2017
    • SBI Cards Credit Card
      "Very good card to use"
      0.5 5.0/5 "Blown Away!"
      SBI simply click card has got reward points scheme, online offers and I getting a better discounts on online purchases too. Also fuel surcharge waiver is applicable on this card but I have not used it though. I am very much happy with the credit limit which was offered on this card. The turn around time taken to pay my credit card bill was around 45 days. I can also make the payment through SBI online portal. Annual fee on this card is rs 500.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It is very nice place to get credit cards . We get early feed backs . It will be good if we get more cards from different banks . Helps in loans . It's almost a like a bank . You can apply from wherever you stay . No need to stand in que. This is very good application
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • HDFC Bank Credit Card
      "Charges should be reduced"
      0.5 2.0/5 "Expected more"
      Three years back I had taken car loan from HDFC, they have charged 5% of interest for the foreclosure, I had taken the car loan of Rs. 3.60 lakhs for the tenure of five years. I have done a foreclosure between the tenure period, I am not happy with their charges and it was really high.
      Was this review helpful? 0
      , srinagar
      Reviewed on Jun 23, 2017
    • HDFC Bank Credit Card
      "Clear process"
      0.5 4.0/5 "Great!"
      HDFC Bank has been good on the credit card services and the offers are good and satisfactory. The credit limit is also good and the bills are sent on time and I do not have to recheck the statements they send me. No hassles overall and I am happy to use them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • HDFC Bank Credit Card
      "Need improvement in services"
      0.5 3.0/5 "Satisfactory"
      HDFC Bank is not doing well in terms of credit card. They do not value their customers. I am banking for this card for the last nine years and the credit limit is very less and the customer services are also not good, also they are not consistent in the process.
      Was this review helpful? 0
      , madurai
      Reviewed on Jun 23, 2017
    • HDFC Bank Credit Card
      "Average"
      0.5 3.0/5 "Satisfactory"
      The credit card experience with HDFC bank is not good. Probably next year l might stop using this card because they also don't provide any offers and the credit limit they have offered is 50000 rupees and this is a life time free credit card holding this card for more than 5 years now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • ICICI Bank Credit Card
      "Good Service"
      0.5 4.0/5 "Great!"
      Frankly speaking , I am not happy with the level of service offered on my ICICI Bank credit card. I do not get proper services when I contact the bank. No proper offers nothing. The credit limit they have provided is 40000 rupees and 200 rupees is annual charge and this card is 3 years old.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • ICICI Bank Credit Card
      "Its Good"
      0.5 4.0/5 "Great!"
      Most promising feature of ICICI Bank credit card is, I am using ICICI coral credit card it is really good for entertainment, every month I am getting two movie tickets from them. Earlier I had Rubyx credit card there annual charges was more. Hence I migrated to coral visa card its good. I am fine with that too.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 23, 2017
    • HDFC Bank Credit Card
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I hold a credit card with HDFC Bank and when I did not get my personal loan through, I called up the customer care and I got the loan on the card. It was a very quick process and hassle free too. There are other benefits and offers on the card and no inconvenience faced.
      Was this review helpful? 0
      , porbandar
      Reviewed on Jun 23, 2017
    • Kotak Credit Card
      "They should transparent in their service"
      0.5 3.0/5 "Satisfactory"
      Kotak Mahindra always takes some unwanted charges for the credit card and they wont give clear information about the charges. They offered me credit limit of Rs.30,000 its very low. I am using it for one year. So far I haven't get any credit card offers, they should work on it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • HDFC Bank Credit Card
      "Nice Credit card"
      0.5 5.0/5 "Blown Away!"
      HDFC gave me good cash back offers, I got upto Rs.2000 based on the product which I purchased. I have been using it for two years its good, they offered credit limit of Rs.75,000. I always make the total amount so I not aware of interest rate. Overall I am happy with their service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
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    How to Use Credit Card Reward Points is Rated as "Excellent!" by 35784 Users

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    Credit Card BYTES FROM OUR KITCHEN

    The concept of reward points on credit cards has been introduced by banks to encourage more and more customers to make use of their credit cards for purchases. Various credit cards being offered by banks nowadays now come with their own Reward Points Programs which allow customers to earn points on each purchase which they make with their credit card. Once the customer has accumulated a certain number of points, as per their Rewards Program, they can redeem these points for a number of benefits such as vouchers, cash back on future purchases, air miles and lots more. If you too have a credit card which comes with its very own Rewards Program, it might be beneficial for you to be aware about how you can earn and later use these reward points. So read on to find out more.

    What Are Reward Points?

    Reward points are points which a user can collect following each purchase that they make with their credit card. As it usually goes, higher value purchases will earn you more points than smaller value purchases. For example, if you purchase a flight ticket on your credit card, you will earn more reward points, as compared to when you make grocery payments with your credit card. These reward points can later be redeemed or exchanged for a number of things such as vouchers, select product / brand purchases, payment of annual fees, cash back on future purchases, air miles and lots more. Taking the instance of Citibank, credit card holders get to earn 1 reward point for every Rs 100 which is charged to their card.

    How Can I Redeem Reward Points

    Once the credit card holder has collected sufficient points, they can redeem those points in exchange for a number of options which are offered by the bank. An increasing number of banks are now offering a bevy of options when it comes to reward points. Considering that not everyone may make high-value purchases often using their credit card, banks also offer cash back against credit card reward points which can come in handy when you have to make smaller value purchases with your card. Certain banks may only offer a very basic catalogue of products which includes items for household and general use. Several credit cards are associated with ticket booking portals or airlines to offer rewards by way of air miles or discounts on travel bookings. Depending on what your bank offers, you may use your reward points in any of the following ways.

    • Catalogue – Various banks provide customers with a catalogue which contains products which the customer can exchange in lieu of their accumulated reward points. The choice of products may include categories such as clothing, eatables, footwear, accessories, stationery, crockery, travel merchandise, spa and salon services, movie tickets, etc.
    • Vouchers – Various credit cards offer vouchers as one way to redeem reward points. These vouchers can be redeemed at a number of stores which the bank may be associated with. Sometimes, banks also allow customers to avail these vouchers for online purchases with select online retailers. The value of these vouchers may range from as low as Rs 100 up to a few thousand rupees.
    • Cash – Another popular option offered by banks is conversion of reward points to cash. The converted amount in cash is credited to the individual’s credit card account and can be utilized to make any payments. Usually, card holders utilize this amount to pay off any outstanding balance on their credit card bills. Conversion to cash is a great option as it allows the card holder the save money that they’d otherwise have to spend towards their credit card bill.
    • Miles – Miles are an ideal option for individuals who are enthusiastic about travelling. Several banks partner join hands with travel booking portals or airlines to provide card holders with travel related rewards. While in some cases, card holders can earn air miles directly from the purchases which they make with their card. Else, the customer can get their reward points converted to air miles. These miles can later be redeemed for payment of flight tickets or for discounts on flight tickets.
    • Donations – Certain banks also allow card holders to donate their reward points. Customers can choose to donate to a charity of their choice. The reward points will be converted into cash and then donated to the charity chosen by the card holder.
    • Cashback – Another option when it comes to redemption of reward points is cash back. Instead of receiving points for a purchase, the customer will receive a certain part of their purchase amount back as cash back.
    • Other Options – There are a few other options which banks offer customers as a part of their reward redemption program. These include points on fuel purchase, training, classes, availing specialized services, entertainment related purchases. Additionally, card holders can also redeem their reward points in exchange for discounts on vacation packages, hotel bookings, etc. If the bank has partnered with certain store, then customers can use their reward points to make purchases at the store.

    How Do I Earn Reward Points

    Earning reward points on your credit card is an automatic process. The cardholder does not have to do anything extra to earn these points. Each time your card is swiped for a purchase, you get reward points. Usually, for every Rs 100 to Rs 250 that is charged from the credit card, the cardholder earns one point. Also, the higher the value of your purchase, the more points you earn and vice versa. However, the number of points that you collect with every purchase will depend on the type of card you have and the issuing bank. For example, co-branded cards will fetch you more points than a regular card. Like the State Bank of India Gold card will fetch you one point for every Rs 40 spent on the card, whereas the co-branded Tata Card will fetch you 8 points for every Rs 100 charged to the card. The value which each point carried will also vary across banks and credit cards.

    Factors Affecting Reward Points

    The points you earn will depend on the value of your transaction, the type of card you have and the bank which has issued the card and sometimes, also on the place where you have carried out the transaction. However, there are other factors which affect the overall points you earn and their value.

    • Card variant – Card holders with a basic card variant will earn about one or two points for each transaction of around Rs 100 to Rs 250. However, cards that are of a higher variant, i.e. premium or super premium cards, will easily fetch much more points against purchases. For instance, for every Rs 200 that is spent on weekend dining on the Axis Bank My Zone car, the card holder gets to earn up to 40 rewards points. Similarly, American Express provides one point for every Rs 40 spent charged on their platinum card variant and one point for every Rs 50 that’s is charged to a super platinum card. While basic, entry-level cards charge a nominal fee, premium and super premium cards will carry a significantly higher annual and joining fees.
    • Co-branded Cards –Banks and card companies launch co-branded cards in association with major stores, brands, fuel providers, airlines, etc. Co-branded cards fetch reward points which may be as much as 5 to 10 times higher as compared to most other cards. For example, in case of airline co-branded cards, cardholders can avail extra reward points and discounts when they purchase tickets of any partner airline with their co-branded card.
    • Where You Spend – The number or value of reward points that you will earn also depends on where you swipe your card. Swiping your card to pay for your electricity bill will earn you lesser points than it would when you swipe it at a restaurant to pay for a meal. The reason behind this is that the restaurant may be providing the your credit card company with a higher interchange fee in a bid to increase sales, whereas that may not be the case for a utility services company such as the power corporation.
    • Special Occasion Spending – If you swipe your card to make purchases during special or festive occasions, you can get bonus points. For example, if you swipe your card on Christmas, you are entitled to extra bonus points. Some banks also offer bonus points to premium card holders on joining.

    What To Remember About Reward Points

    While they are fairly simple to accumulate and are always welcome, there are some things which you must keep in mind about reward points. It can definitely be a little challenging to calculate your spending and the points you have accumulated as a result.

    It also may happen that, the cost of the product you select may be lesser in stores and higher if you pay for it with points. Since the points seem like they’re freebies, we might not take the trouble to figure it out. So, if you are looking to get the most from your credit card reward pints, here are a few things to remember.

    • Reward points come with an expiry date. Be aware of when your points expire and redeem them before they do.
    • Vouchers are great for gifting purposes or if they are of use to you. It often happens that vouchers will require you to spend way more that they are really worth, just so you can redeem them. Also, vouchers too have an expiry date, so keep that in mind too.
    • If your credit card account has outstanding balance which needs to be paid, converting your points to cash is the wisest option. Conversion to cash is a great option as it allows the card holder the save money that they’d otherwise have to spend towards their credit card bill.
    • Co-branded cards usually carry a limitation in terms of their accelerated reward points they offer. The reward points earned on these cards can usually only be redeemed against products and services offered by a partner establishment, if not the very brand itself. You will accumulate points against your purchases and not withdrawals.
    • Reward points are simply a bonus perk on your credit card. Don’t make purchases only to collect points.
    • Ensure that you pay your credit card bill in time so that you needn’t pay for delayed payment fees or interest on your card. Also, this will make your reward points completely worth the value.
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