What is bank reward system abuse ? don't Indians have civic sense in this too ?
I was just scrolling through some posts on TechnoFino and I found this post and comments -
Well, honestly speaking, everyone has their own way of looking at things and reward systems also vary from country to country or people to people.
India is one of those countries where companies use offers to attract people so that they use their products.
But one should have their own ethics about what is right and what is wrong.
First thing, look, using rewards for your personal benefit is not wrong at all. No matter how much you earn from rewards—100, 1,000, 10,000, or even 1 lakh.
Banks give offers for this very reason and you can use them freely. Banks also benefit—they get new customers, people keep savings which the bank loans out and earns from, then those customers take credit cards and banks earn from the interest.
The guy I mentioned—the one whose post and comment I shared—was doing exactly that. Using it for your own benefit isn’t wrong at all. Banks provide these offers for that very reason.
But there’s another side to this as well. You know how everyone say every coin has two sides.
Bank reward system abuse is when you cross all limits just to get those rewards and make it a part of your daily life.
And to get these benefits, you start using every unethical method, which basically means abusing the bank’s reward system.
I think the RuPay Select debit card is the best example of this. What people are doing right now is what you call abusing the bank’s system.
Okay, before explaining, let’s first see what people are saying.
People say:
NPCI/RuPay has given these offers to be used?
Answer – yes, 100% correct.
Some also say that RuPay has given these offers to gain market share and increase their user base.
Answer – yes, 100% correct.
Some say banks earn a lot in this process.
Answer – yes, that’s also 100% correct.
And a few also say that banks don’t get affected by this and actually benefit from it.
Answer – yes, that’s also 100% true.
All of this is correct—so where does the problem come in?
The problem starts here:
These offers are meant for personal use. Banks gain customers, their market share increases, and they earn from people who keep money in their savings accounts.
But when people start trading these offers with others, that’s called abusing the bank’s reward system.
For example, one customer has 100 to 200 RuPay debit cards and he sells the offers and gift vouchers to others. He isn’t using them personally or benefiting as intended. He’s selling them to people who could have easily opened their own bank account and taken their own RuPay Select debit card. The offers were meant for them personally.
Think of it like this:
If one person applies for 200 RuPay Select debit cards and sells the gift vouchers—once the offers end, he will close all 200 cards and bank accounts.
But if those 200 buyers open their own bank accounts and apply for RuPay Select debit cards, then even after the offers end, at least 25% to 50% of them will keep their cards or switch to a RuPay Classic debit card—and some people, they won’t close their bank accounts.
Some of them will become loyal customers of the bank and RuPay for life.
Recently, in the RuPay Platinum Debit Card offer, i saw the same with ICICI Bank. Some customers who took ICICI RuPay DC continued with RuPay even during re-issuance.
In PSU banks too, many did not close their accounts afterwards (and those people don’t even know what a RuPay Select debit card is.)
From the bank’s perspective, this is exactly why offers exist—so loyal customers join and stay.
Banks want to benefit their own customers, not for you to distribute benefits to others. If someone needs the offer, they can open their own bank account, get their RuPay Select debit card and enjoy the offers.
This buy-and-sell business of RuPay Select debit card offers you’ve started—this is called reward system abuse.
So, Is the RuPay offer being exploited?
whatever card you take, use the offer for yourself—not for someone else.
Whether it’s Bank and RuPay/Visa/Mastercard/Amex/Diners Club—any bank or any card network—if 100 cards are issued, they should be for 100 different customers. Of course, one person can take 2–4 RuPay Select debit cards if the bank provides add-on cards. You can take them for yourself and your family (and by family I don’t mean relatives—because for Indians, relatives never end).
Foreigners who criticize Indians for lacking civic sense because of things like this.
In Canada and the USA, Indians take entire boxes of free food home. And in offices there, when free chips or snack packets are kept, they take all the packets from 5–6 refrigerators and take them home. You can find videos of this on YouTube.
Before ending, one more thing. Some people give arguments or examples like the government gives freebies, reservations, government officials take bribes, and many other things.
My point is simply this: if someone commits a crime, will you also do the same? Of course not, right?
Just because some people make mistakes, do scams or the government gives freebies, will you also start doing whatever others are doing? This is why there is a lack of civic sense in India.
And I’m not going to give a long lecture on civic sense — plenty of Indians, NRIs, and foreigners give lectures on YouTube every day. Go watch them if you want.
Anyway, that wasn’t even my point. I was talking about reward system abuse but people start giving completely unrelated examples — I’m mentioning it because they actually said these things.
Use bank offers and rewards as much as you can. That’s exactly why banks and card networks provide these offers — but use them for your personal use. Apply for only as many cards as you actually need.
Tell others to apply too so they can benefit. Help them open their bank accounts as well. But this buying-and-selling business is abuse of the bank’s reward system. Any offer is meant for your own personal use. Never forget that.
I was just scrolling through some posts on TechnoFino and I found this post and comments -
Well, honestly speaking, everyone has their own way of looking at things and reward systems also vary from country to country or people to people.
India is one of those countries where companies use offers to attract people so that they use their products.
But one should have their own ethics about what is right and what is wrong.
First thing, look, using rewards for your personal benefit is not wrong at all. No matter how much you earn from rewards—100, 1,000, 10,000, or even 1 lakh.
Banks give offers for this very reason and you can use them freely. Banks also benefit—they get new customers, people keep savings which the bank loans out and earns from, then those customers take credit cards and banks earn from the interest.
The guy I mentioned—the one whose post and comment I shared—was doing exactly that. Using it for your own benefit isn’t wrong at all. Banks provide these offers for that very reason.
But there’s another side to this as well. You know how everyone say every coin has two sides.
Bank reward system abuse is when you cross all limits just to get those rewards and make it a part of your daily life.
And to get these benefits, you start using every unethical method, which basically means abusing the bank’s reward system.
I think the RuPay Select debit card is the best example of this. What people are doing right now is what you call abusing the bank’s system.
Okay, before explaining, let’s first see what people are saying.
People say:
NPCI/RuPay has given these offers to be used?
Answer – yes, 100% correct.
Some also say that RuPay has given these offers to gain market share and increase their user base.
Answer – yes, 100% correct.
Some say banks earn a lot in this process.
Answer – yes, that’s also 100% correct.
And a few also say that banks don’t get affected by this and actually benefit from it.
Answer – yes, that’s also 100% true.
All of this is correct—so where does the problem come in?
The problem starts here:
These offers are meant for personal use. Banks gain customers, their market share increases, and they earn from people who keep money in their savings accounts.
But when people start trading these offers with others, that’s called abusing the bank’s reward system.
For example, one customer has 100 to 200 RuPay debit cards and he sells the offers and gift vouchers to others. He isn’t using them personally or benefiting as intended. He’s selling them to people who could have easily opened their own bank account and taken their own RuPay Select debit card. The offers were meant for them personally.
Think of it like this:
If one person applies for 200 RuPay Select debit cards and sells the gift vouchers—once the offers end, he will close all 200 cards and bank accounts.
But if those 200 buyers open their own bank accounts and apply for RuPay Select debit cards, then even after the offers end, at least 25% to 50% of them will keep their cards or switch to a RuPay Classic debit card—and some people, they won’t close their bank accounts.
Some of them will become loyal customers of the bank and RuPay for life.
Recently, in the RuPay Platinum Debit Card offer, i saw the same with ICICI Bank. Some customers who took ICICI RuPay DC continued with RuPay even during re-issuance.
In PSU banks too, many did not close their accounts afterwards (and those people don’t even know what a RuPay Select debit card is.)
From the bank’s perspective, this is exactly why offers exist—so loyal customers join and stay.
Banks want to benefit their own customers, not for you to distribute benefits to others. If someone needs the offer, they can open their own bank account, get their RuPay Select debit card and enjoy the offers.
This buy-and-sell business of RuPay Select debit card offers you’ve started—this is called reward system abuse.
So, Is the RuPay offer being exploited?
whatever card you take, use the offer for yourself—not for someone else.
Whether it’s Bank and RuPay/Visa/Mastercard/Amex/Diners Club—any bank or any card network—if 100 cards are issued, they should be for 100 different customers. Of course, one person can take 2–4 RuPay Select debit cards if the bank provides add-on cards. You can take them for yourself and your family (and by family I don’t mean relatives—because for Indians, relatives never end).
Foreigners who criticize Indians for lacking civic sense because of things like this.
In Canada and the USA, Indians take entire boxes of free food home. And in offices there, when free chips or snack packets are kept, they take all the packets from 5–6 refrigerators and take them home. You can find videos of this on YouTube.
Before ending, one more thing. Some people give arguments or examples like the government gives freebies, reservations, government officials take bribes, and many other things.
My point is simply this: if someone commits a crime, will you also do the same? Of course not, right?
Just because some people make mistakes, do scams or the government gives freebies, will you also start doing whatever others are doing? This is why there is a lack of civic sense in India.
And I’m not going to give a long lecture on civic sense — plenty of Indians, NRIs, and foreigners give lectures on YouTube every day. Go watch them if you want.
Anyway, that wasn’t even my point. I was talking about reward system abuse but people start giving completely unrelated examples — I’m mentioning it because they actually said these things.
Use bank offers and rewards as much as you can. That’s exactly why banks and card networks provide these offers — but use them for your personal use. Apply for only as many cards as you actually need.
Tell others to apply too so they can benefit. Help them open their bank accounts as well. But this buying-and-selling business is abuse of the bank’s reward system. Any offer is meant for your own personal use. Never forget that.
