Rewards Credit Card, Credit Card Reward Programs, Best Travel Rewards Credit Card

Debit Card

Credit Card

A credit card is a way of payment by using the plastic cards which are issued to customers for their payment.

Rewards Credit Card

Credit Card Reward has become one of the most alluring aspects of the credit card market. The basic advantage of a credit card that gives a customer is financial flexibility where the card issuing company pays on behalf of the customer and he has to pay the same to the company only after a specified period. But this basic advantage has almost become vague in our minds where cross promotion and convergence has made it a compulsory attribute for the card issuing companies of rewarding the credit card holders.Credit card reward plays a significant role in projecting itself as the most sought after credit card to the customers. These rewards are alluring enough to make you forget the real purpose of the credit card.
Travel Point is the most popular credit card reward.Almost all credit cards offer travel point reward to its credit card holders. In this the customer earns point each time he/she books air ticket by using the concerned credit card. After the accumulation of a certain number of points the customer is rewarded with a gift/gift certificate/ money/merchandise.

These types of cards have become popular in recent times. These cards allow users to earn incentives for making purchases with their credit card. Points accumulate for the amount charged on the card, and cardholders can redeem these points for various rewards. These cards can be sub-divided .Cash back credit cards: This type of credit card allows you to earn cash rewards for making purchases. The more the card is used, the more cash rewards you receive. Most cash back cards earn users around 1 percent of total purchases, excluding interest and finance charges. For e.g. Sameer purchased a couple of books online for Rs. 1000. He got Rs. 100 credited back to his credit card account.Hotel or Travel credit cards: These credit cards are specific to hotels and travel. Some of these cards are co-branded with hotels. These credit cards allow you to earn points for all purchases, in addition to bonus points for the money spent on stays at the respective hotel. You can redeem your points for free nights and discounts on food and beverage services. For e.g. Mr. Sahni used his credit card to stay at a hotel and when he redeemed the points accumulated on that card, he stayed one night at the hotel, free of charge.

A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services.The issuer of the card grants a line of credit to the consumer from which the user can borrow money for payment to a merchant or as a cash advance to the user.
A credit card is different from a charge card, where a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions.

Credit Card Reward Points :-

Credit Card Reward Points are awarded under the Triple Advantage Rewards Program of the bank. The eligible cardholders accumulate reward points on spending on retail transaction through the card. The points so accumulated are displayed in the monthly credit card statements. These can be redeemed in the form of gifts, gift vouchers or cash. 1 reward point is awarded for every Rs. 125 spent. The Triple Advantage Reward Program was designed for International Card, Card for Doctors and Gold Card whereas it is not applicable for Domestic Cards.
The participation in reward points program is entirely on voluntary basis and at any point an existing participant is free to discontinue their participation by intimidating .