Credit Cards following fraction system for Reward points/Cashback?
- 5945
- 58
-
- Last Comment
- Sort By
Integer System. Right?
Also compile info on cards which give reward points on EMI transactions
Cards which give RP on EMI transactions :
YES Bank
SBI Cards
Cards which don’t give RP on EMI transactions :
ICICI
What about IndusInd, HDFC, BoB etc.
sbi simply click
https://www.sbicard.com/en/personal/credit-card...
online (including municipality) – 1.25%
offline transaction – 0.25%
(emi too eligible on above 2)
fuel – not eligible
gold on amazon/online – 1.25%, gold on ofline – 0.25%
wallet loading – getting as online i guess
axis flipkart card
https://www.axisbank.com/docs/default-source/de...
online (including municipality) – 1.5%
offline transaction – 1.5%
(emi not eligible on above 2)
fuel, gold – not eligible
wallet loading – not eligible. (esp. paytm)
amazon icici
https://www.amazon.in/gp/help/customer/display....
online (including municipality) – 1%
offline transaction – 1%
(emi not eligible on above 2)
fuel, gold on amazon – not eligible (gold on offline eligible)
wallet loading – eligible (sure for payzapp, freec, mobikwik; paytm dont know)
Apay ICICI gives rp on Paytm wallet loading
also for which bank cc we can track reward points and how
like hdfc, cc we cant track
I have query:
I buy an item costing 10k in amazon on EMI (with interest for 36 months) using CC.
1)Will I get RPs for the purchase of 10k?
2)When will the EMI interest starts ? Is it after free credit days? (Ex: Buy a product on 15th of the month and the bill generation date is 20th of the month and the due date is 10th of next month. Will the EMI interest is calculated from 15th Or 20th Or 10th ?)
1. Depends of which credit card you use. some cc do not provide RP on EMI spends like hdfc and amazon pay ICICI card. so you need to check tnc of your card.
Btw, i dont think amazon offers a 36 month EMI option , the max is 24 months.
2. The interest starts from the date of purchase(15th in this case) and when bill is generated (on 20th) the first installment is little higher due to the initial interest amount (15th-20th interest). from second installment it is the usual interest rate and so usual installment amount.
In any case, the total amount that you need to pay will be shown on amazon payment page when you select the EMI option and duration.
Dear Cardmember, please note that select features and Interest Rates on EMI transactions on your YES BANK Credit Card will be revised w.e.f. 1st Jan’20. Details at: http://ysbnk.com/k...nn
Now yes cc removed reward points for EMI transactions 😕
Reward on Wallet transactions :
American Express Credit Cards
Citi Bank Credit Cards
IndusInd Bank Credit Cards
HDFC Millennia Credit Card
BoB Credit Cards
No reward on Wallet Transactions :
Axis Bank Credit Cards
SBI Credit Cards
HDFC Credit Cards
ICICI AmazonPay Credit Card
Kg+
ఎందుకు ?
Citi gives reward points for emi transaction. I got points for last month.
What is base transaction value for axis and icici?
Check the reward structure for their specific cards. If it says “1 RP per 150 rupees spent” then base unit is 150 I think.
Are Hdfc millenia & simply click cc gives reward points for emi transactions now ???
Yes.
Following roundup system (mostly, but rare cases of rounddown)
• Amex
• Citibank
• ICICI