Reward Points - The main feature to look for in Credit Cards

Credit Cards can make spending considerably simpler. They offer contactless payments, on the go hassle-free transactions, discounts, simplicity of use, and a lot more. But their long list of benefits does not end here. They also offer rewards to help you lower your expenses. Thus, Credit Cards are a valuable addition to your wallet. However, it is important to know how to earn these reward points and use them wisely to your benefit.

Credit Card companies and banks reward their customers for using a Credit Card for various types of transactions. There are different types of reward points, such as CashBack, CashPoints, Reward Points and airline miles. As a cardholder, you earn rewards whenever you swipe your card and make a purchase, pay a bill, etc. Typically, the more money you spend or the higher the value of the transaction, the higher are the rewards earned. You can even redeem these against your outstanding dues or purchase gift vouchers.

How to earn Rewards with Credit Card?

The rewards you earn can largely depend on the Credit Card you select. Every bank or Credit Card company can offer different rewards based on the value of your transactions, where you spend your money, and how often you use your Credit Card. Hence, it is essential to choose the right Credit Card. You can do this by comparing different options and picking the one that offers the maximum benefits as per your needs.

HDFC Bank Freedom Credit Card

Perfect for big spends and everyday essentials, the HDFC Bank Freedom Credit Card offers the following benefits:

  • Rewards on everyday spends like 10X CashPoints on groceries at BigBasket, entertainment on BookMyShow, food on Swiggy orders, ride bookings on Uber and bookings with OYO hotels

  • 1 CashPoint for every other Rs. 150 spent (excluding fuel and wallet spends)

  • 1% fuel surcharge waiver on fuel transactions

  • Up to 15% off at select restaurants via Dineout

  • Rewards on BIG purchases like 5X CashPoints on EMI spends at select merchant locations

How can you use the rewards earned on Credit Card strategically?

Here are some things you can keep in mind when using the rewards earned with your Credit Card.

  • Make sure to use them before they expire.

  • You can also use them to clear your Credit Card dues. 

  • You can convert them to purchase vouchers. All in all, they can help you lower your expenditure to a great extent. They also come in handy when booking your flight or train tickets or booking a hotel. So, you can efficiently plan your trip and save some money at the same time. 

To sum it up

As you can see, rewards earned with Credit Card can offer several benefits to users. So, make sure that you use them to your advantage.

You can apply for a new Credit Card by clicking here! Pre-approved customers can apply for a Credit Card, by clicking here!

Want to know how to get the perfect Credit Card for everyday rewards? Click here to read more!

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Credit Card approvals at the sole discretion of HDFC Bank limited. Credit Card approvals is subject to documentation and verification as per Banks requirement.

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