Thus every bank knows the needs of the customers and offers benefits like cashback but you should not forget these things while buying a cashback credit card. Otherwise, you can lose your credit score by not being able to make payments. So here are the things to keep in mind if you want to buy a credit card that comes with cashback…
Things to remember before buying cashback credit:
Check Rewards:
Cashback cards differ from ordinary credit cards only in terms of the reward structure for the customer. Therefore, you should always check first whether the rewards on offer suit your needs.
Comparison with Credit Cards:
Before you apply for a credit card you should compare all credit card options. You should always evaluate multiple options to identify the card that will help you maximize rewards based on the amount of money you spend. Also will your cashback be credited to your card or online wallet? should be checked. Specifically cashback as a percentage of spend instead of reward points? You should also check.
Also Read: How many credit cards should a single person use? Here is the answer!
Is cashback received as statement credit or online wallet credit like online wallet card issuers? Customers should always check that Customers are restricted to using cashback only at certain merchants, even if it’s credit.
Also Read : High interest.. SBI gives another chance! Don’t miss this time!
Most importantly, are you able to pay your bills on time, no matter what kind of credit card you buy? Remember to buy. Perhaps your credit score will suffer if you fail to make credit card payments on time. So it is necessary to handle with care.
From global to local news (Top Tamil News, Breaking News), Latest Tamil News, all can be found instantly on News18 Tamil (News18Tamil.com) website.
News18 Tamil Nadu TV can be found on ARASU CABLE – 50, TCCL – 57, SCV – 28, VK Digital – 30, SUN DIRECT DTH: 71, TATA PLAY: 1562, D2H: 2977, AIRTEL: 782, DISH TV: 2977.