Cashback credit card: 5 points you must remember

1.Cashback credit card offers an amount every time it is used to buy products or services on that offer.
2.Some cards offer a fixed percentage as cashback, while others offer tiered cashback depending on the spends, or different rates depending on where it is spent.
3.The amount can be in the form of cash in your credit card account to reduce your bill, or reward points to redeem and buy other things.
4.Some cards offer the cashback facility throughout the year, while others offer it only for specific occasions, like festival sales.
5.These cards are useful for those who use the card regularly and pay credit card bills on time every month.


Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.