Did you know there are reward points on your debit card transactions? Check out! HDFC Bank vs ICICI Bank vs Axis Bank vs Yes Bank - Compared
The usage of debit cards in India is vast especially at ATMs for cash withdrawal.
You must be familiar with messages and emails that lure you into reward points offered by your banks on your credit card transactions. However, many banks also give the same benefit to its customers on carrying debit card transactions. Very few citizens are aware of this offer on the debit card, the majority of them has boosted the credit card bonus points. But did you know, lenders like HDFC Bank, ICICI Bank, Yes Bank, and Axis Bank have a host of offers on your debit cards?
The usage of debit cards in India is vast especially at ATMs for cash withdrawal. However, a debit card also eliminates the need for carrying cash or physical cheques to make purchases. In fact, this card helps customers in deducting their money directly from their bank account during purchases.
If you are using a debit card, then you must be aware of these reward points offered by above-mentioned banks.
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There are everyday rewards offered by HDFC Bank on their chip card HDFC Bank EasyShop Rewards Debit Card.
Not only this, they come with amazing benefits.
Firstly there is - 5 Reward Points on every Rs 100 spent using HDFC Bank Rewards Debit Card. The merchant partners are: Big Bazaar, BPCL, IRCTC, Apollo, Snapdeal, SmartBuy and PayZapp.
Also, Customer will get Rs 1,935 on spending Rs 13,750 on partner outlets.
Max Reward Points per Card per Month is Rs 2000.
The daily domestic shopping limit for Rewards Debit Card holders is Rs 2.75 lakh (at merchant outlet and online store) & the daily domestic cash withdrawal limit is Rs 50,000.
Not only this, but one is also entitled to a base Personal Accident Death Insurance Cover by Airline/Road/Rail -Sum insured Rs 5 Lakhs.
However, there are few charges on the card as well. For instance - annual fee per card is Rs 500 plus taxes, replacement of damaged card is free, while Rs 200 is charged on free replacement of lost card and charge slip retrieval request has Rs 100 fee.
Earn PAYBACK Points from ICICI Bank Rewards on shopping purchases at (merchant outlets or online purchases) with your ICICI Bank Debit Card as per the below-mentioned structure:
These reward points are available on every Rs 200 spent. Notably, Mutual fund, Telecom, Education, Utilities, Insurance and Insurance premium, Government Payments, Fuel, Post Office payment, Wallets & Account transfer will not be considered for the rewards program.
The above rewards structure for third-party rewards partner can be changed without any prior intimation by the partner. For more information, visit the ICICI Bank website of the partner or PAYBACK.
Axis eDGE Rewards, make your shopping experience more rewarding by earning points when you shop with your Debit Card. The reward points earned can be spent on over 500 exciting rewards spread across various categories.
For every Rs 500 spent, earn 3X points every time you dine or shop with your Titanium Rewards Debit Card or Rewards+ Debit Card.
Not only this, earn 3X points on all online spends with your Online Rewards Debit Card.
On Priority Platinum Chip Card: Any new customer transacting with their card / activating their card for the first time, within 45 days of account opening, will earn 1000 additional Axis eDGE Reward points. The customer will be eligible for this offer only once.
On Online Rewards Debit Card: Any new customer transacting with their card / activating their card for the first time, within 30 days of card issuance, will earn 2500 additional Axis eDGE Reward points.
On Ladies First Card you earn 5 points per every Rs 100 spent on groceries and apparels.
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YES Rewardz is an exclusive loyalty program initiated by YES BANK for its valued customers. The program aims to reward YES BANK customers with YES Points which can be accumulated through payments made through YES BANK Debit Card, NetBanking, MobileBanking, Current/ Savings accounts and ATM.
There are 50 points given on first-time card activation. These can be used on debit card transactions on POS and online shopping portal.
There is 1 point earned on every Rs 200 spent. This is applicable for domestic (in India) spends on your YES BANK Debit Card (POS or eCom transaction only)
Further, there are 4 points earned on Rs 200 transaction which is applicable for international spends on your YES BANK Debit Card (POS or eCom transaction only).
Finally, a massive 500 points are given on card upgrade to Platinum card.
Hence, if you are a customer of the above-mentioned banks, make sure you are aware of the reward points.
08:12 PM IST