How to Maximise Credit Card Rewards
28 May, 2024
Synopsis
Credit Cards not only facilitate day-to-day transactions but also help you earn rewards and bonuses, if used strategically.
Pixel Play Credit Card is a virtual and customisable Credit Card that gives you access to rewards, cashback and other exciting offers.
By applying for a Pixel Play Credit Card, you can maximise your rewards and even personalise it based on your style and preference.
One of the most appealing features of a Credit Card is that you can turn everyday spends into exciting rewards. Yes, your Credit Card can do a lot more for you than just facilitate transactions—it can also help you enjoy perks and bonuses. With the Pixel Play Credit Card, you not only get to earn such rewards but also design your card based on your lifestyle needs and spending habits. So, continue reading to learn more about how to maximise rewards using your Credit Card.
Understanding Credit Card Rewards
Credit Card rewards are incentives offered to cardholders for using their cards for purchases or bill payments. These rewards usually come in the form of points, cashback or miles, depending on the card's rewards programme. You can earn rewards based on your spending, with higher rewards often granted for specific categories. These include groceries, dining, travel, etc.
Types of Rewards
Credit card rewards come in various forms. Here are some of the common types:
Reward Points
Reward points are earned by making purchases using a Credit Card. They can be redeemed for travel bookings, merchandise, gift cards or statement credits. The number of points earned per transaction may vary based on the card's rewards programme and spending categories.Cashback
Cashback rewards offer a percentage of the total transaction amount back to the cardholder. This can be in the form of statement credits. Pixel CashPoints, for instance, earned using the Pixel Play Credit Card, can be used to make payments for bills, recharges and PayZapp shop transactions.Loyalty Points
Some Credit Cards offer loyalty points as rewards for using the card. These points are often associated with specific brands or retailers. They can be redeemed for discounts, free products or exclusive offers from partner merchants.Bonus Rewards
Many Credit Cards offer bonus rewards for specific spending categories or promotional periods. For example, a card may offer extra points or cashback on purchases made at grocery stores, restaurants, or gas stations during a certain timeframe.
How to Maximise Your Credit Card Rewards?
Here’s how you can leverage your Credit Card’s features to your advantage:
Choose the Right Card Type
Select a Credit Card that satisfies your spending habits and lifestyle. If you frequently travel, consider a travel rewards card that offers miles or points for flights and hotel stays. For everyday spending, a cashback card may be more suitable, providing rewards on groceries, dining and other essentials.Time Large Purchases Strategically
Plan major purchases strategically to maximise rewards. Many Credit Cards offer sign-up bonuses or increased reward rates for meeting spending thresholds within the first few months of card membership. You can earn extra rewards by timing significant expenses like travel bookings or appliance purchases to coincide with these promotional periods.Redeem Before Expiry
Be mindful of the expiry dates for your reward points or cashback. Certain Credit Card rewards have an expiration date, after which they may lose their value or become invalid. So, check your rewards balance regularly. Redeem them before they expire to get the full benefit of your Credit Card rewards.Pay Bills on Time
Paying your Credit Card bills on time keeps your finances in good standing. It unlocks more opportunities for transactions and rewards. For example, timely payments positively impact your credit score, which is crucial for accessing higher credit limits. With higher credit limits, you have more purchasing power. This allows you to make more transactions, broadening the possibility of earning more rewards.
How to Customise Rewards with a Pixel Play Credit Card?
Customising your rewards with a Pixel Play Credit Card is easy. Here’s how:
Identify your preferred spending categories, whether it's dining, travel or entertainment. With Pixel Play Credit Card, you can choose from any two brand packs of your choice and earn up to 5% cashback:
Grocery: Reliance Smart Bazaar and Blinkit
Travel: MakeMyTrip and Uber
Dining & Entertainment: Zomato and BookMyShow
Electronics: Croma and Reliance Digital
Fashion: Myntra and Nykaa
You can also earn 3% cashback on any one of the following e-commerce merchants:
Amazon
Flipkart
PayZapp
Explore the various redemption options available on PayZapp, such as cashback or vouchers. Choose the ones that align with your preferences.
Personalise your card design to reflect your style and make every transaction uniquely yours.
Transact on Your Own Terms with Pixel Play Credit Cards
With flexible rewards and appealing features, the Pixel Play Credit Card lets you create a transactional experience tailored to your lifestyle. Apply for yours today to curate a truly personalised financial journey— one that complements your unique spending habits perfectly. Click here to get started.
*Disclaimer: 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 Bank's requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.
