# Credit Cards following fraction system for Reward points/Cashback?

626°
_One_Miller_

Credit Cards following fraction system for Reward points/Cashback

Base Transaction Value on which Reward points calculated :

• SBI Card = 100
• HDFC Bank = 150
• AmEx Card = 50
• SCB Card = 150
• Citi Bank = 125

Credit Cards Follows Integer System : (Round-down)

• SBI Cards
• HDFC Bank
• Axis Bank
• SCB

Cards which give RP on EMI transactions :

• YES Bank
• SBI Cards

Cards which don’t give RP on EMI transactions :

• ICICI Bank
• Citi Bank
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Following roundup system (mostly, but rare cases of rounddown)
• Amex
• Citibank
ICICI

pointshunter wrote:

Following roundup system (mostly, but rare cases of rounddown)
• Amex
• Citibank
ICICI

Integer System. Right?

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_One_Miller_ wrote:

Interger System. Right?

Nope, they will divide your transaction value with the base unit of their reward system, multiply them with the base reward point and roundup the value to the nearest integer.
E.g. transaction of ₹98/- will give roundup(98/50*1)=2 RP in Amex.

As opposed to calculation with HDFC and SBI where they will rounddown the transaction value divided by base unit and then multiply the base reward point.
E.g. transaction of ₹98/- will give rounddown(98/150)*1=0 RP in HDFC.

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pointshunter wrote:

Nope, they will divide your transaction value with the base unit of their reward system, multiply them with the base reward point and roundup the value to the nearest integer.
E.g. transaction of ₹98/- will give roundup(98/50*1)=2 RP in Amex.

As opposed to calculation with HDFC and SBI where they will rounddown the transaction value divided by base unit and then multiply the base reward point.
E.g. transaction of ₹98/- will give rounddown(98/150)*1=0 RP in HDFC.

.

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_One_Miller_ wrote:

Don’t try to misguide.

Theek hain Sir. Jaisi aapki ichcha

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_One_Miller_ wrote:

Don’t try to misguide.

He stated right facts

HDFC will generate integer factor by dividing spends value and then multiple reward denominator

So 290 spends on HDFC will be counted as 1 factor and only 1/2/5 points

Same spends on SCB will get 290×2/150 or 290×3/150 or 290×5/150 rounded down

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

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pointshunter wrote:

Theek hain Sir. Jaisi aapki ichcha

Sorry @pointshunter
I didn’t got what you try to explain.

pointshunter wrote:

Following roundup system (mostly, but rare cases of rounddown)
• Amex
• Citibank
ICICI

This 3 follows roundup system?

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_One_Miller_ wrote:

This 3 follows roundup system?

Yes..on most occassions.

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_One_Miller_ wrote:

Don’t try to misguide.

yes i can confirm about Amex. They follow exactly how @pointshunter explained.
And it is easier to see this since they show exact breakup of points received on their portal.

For example : 149 Rs transaction will give you 3 RP with Amex (50Rs =1 RP) but with HDFC no points for this since min spend amount for getting RP is 150.

on the other hand, ICICI Amazonpay uses rounding of RP in the real sense. eg. transaction of 120 on amazon for prime member (5% CB slab) will give 6 rs in amazon pay credits.

A2Zdeals wrote:

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.

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_One_Miller_ wrote:

What about IndusInd, HDFC, BoB etc.

Don’t have BoB. Never bought anything on EMI on IndusInd or HDFC. Citi doesn’t offer points on EMI

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sardasa wrote:

Don’t have BoB. Never bought anything on EMI on IndusInd or HDFC. Citi doesn’t offer points on EMI

You can give information about all CC except given in main topic and also about point system.

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%

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

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)

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_One_Miller_ wrote:

What about IndusInd, HDFC, BoB etc.

Indusind gives fractional points rounded off to the nearest whole point. Similar to Amex.

also for which bank cc we can track reward points and how
like hdfc, cc we cant track

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_One_Miller_ wrote:

This 3 follows roundup system?

Apay ICICI follows that I know for 75 rs they credit 1 😃😃

vickyVicky wrote:

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%

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

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)

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garamjalebi wrote:

Apay ICICI follows that I know for 75 rs they credit 1 😃😃

They are awesome.

On 5 Rs transaction, I didn’t receive anything. On 10 Rs Transaction, I received 1 Rs reward.

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micke wrote:

They are awesome.

On 5 Rs transaction, I didn’t receive anything. On 10 Rs Transaction, I received 1 Rs reward.

Then, if we do 10 transactions of Rs.10 each, we get 10% cashback

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_One_Miller_ wrote:

Sorry @pointshunter
I didn’t got what you try to explain.

Typical englishman..lol

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shnk2010914 wrote:

Then, if we do 10 transactions of Rs.10 each, we get 10% cashback

Yes may be didn’t tried that way

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 ?)

A2Zdeals wrote:

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

Add – Cards which don’t give RP on EMI transactions : HDFC

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.

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raj7254 wrote:

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.

Then it is a loss to the buyer. He is loosing the credit free days and reward points. Instead, he can take personal loan or loan on cc just before the cc due date and pay off the cc bill.