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BS Primer: Here's why cashbacks may be a better option

BS Primer: Here's why cashbacks may be a better option than reward points in credit card space

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Credit cards reward users either via cashback or rewards points. Users need to understand the pros and cons of these two modes of rewarding customers.   In cashback offers, as the name suggests, you get some cash back every time you use your card. Says Naveen Kukreja, chief executive officer and co-founder, Paisabazaar.com: “Cashback credit cards return a percentage of each card transaction back to the user. The cashback percentage varies across spend categories. For example, the Citi Cash Back Credit Card offers 5 per cent cashback on movie ticket purchases, telephone ...

BS Primer: Heres why cashbacks may be a better option

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First Published: Thu, December 13 2018. 13:04 IST
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BS Primer: Here's why cashbacks may be a better option

BS Primer: Here's why cashbacks may be a better option than reward points in credit card space

Credit cards reward users either via cashback or rewards points. Users need to understand the pros and cons of these two modes of rewarding customers.   In cashback offers, as the name suggests, you get some cash back every time you use your card. Says Naveen Kukreja, chief executive officer and co-founder, Paisabazaar.com: “Cashback credit cards return a percentage of each card transaction back to the user. The cashback percentage varies across spend categories. For example, the Citi Cash Back Credit Card offers 5 per cent cashback on movie ticket purchases, telephone ...

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