Credit card users bear brunt of fewer rewards due to misuse by some

[superstar@123]

Credit card users bear brunt of fewer rewards due to misuse by some

The use of credit cards to make payments that are not allowed in order to maximise reward points and other benefits has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists.

www.moneycontrol.com

Views please !!!

 

[pothi]

Good overview on what’s happening. Can’t agree more. 👍🏽

 

[pothi]

Btw, it is written by our own Sumanta Mandal, founder of TechnoFino. See...

Why Credit Card Issuers Are Behind Utility, Insurance, and Other Important Categories?

Credit cards were not very popular in India until a few years ago. However, with India emerging as a digital payment powerhouse, credit card payments have become a significant part of it. Indian credit card issuers have issued approximately 9.50 crore credit cards as of October 2023. While the...

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