CheQ offer on Axis credit card.

[Ekavya]

Just got this email about this CheQ offer on Axis credit cards. The offer is: during the offer period you can get 5% CheQ chips as a cashback. According to the email this chips can also be used for credit card bills.


In short it's too good to be true for me. I have a bill of 50000 due this month. So if I pay through CheQ then I will get 2500 as chips. Then I can use them for my next months bill.
Is there any terms and conditions that limit the use of Chips?

 

[CodeCrusher]

Yes true. But 2500 cheQ chips would be worth 250 Rs when you use it to pay credit card bill. 1 cheQ chip = 0.1 Rs!

 

[Sahil_07]

Yes true. But 2500 cheQ chips would be worth 25 Rs when you use it to pay credit card bill. 1 cheQ chip = 0.1 Rs!

250 not 25

 

[CodeCrusher]

250 not 25

Yeah bro missed a 0!

 

[GalacticTreasurer]

But is there any other option to redeem Cheq chips at a higher conversion rate (ideally at 1:1)? Amazon vouchers or points transfer

 

[HumorSimpson]

But is there any other option to redeem Cheq chips at a higher conversion rate (ideally at 1:1)? Amazon vouchers or points transfer

Nope. Better redeem on cc bills before they devalue again.