diff. b/w credit and debit card for offers
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just on fundamentals , in theory
-debit is what is our money and debit card is how we use it
-credit is bank's money and credit card is how we use it
offers are promotional engagement b/w banks and corporate as marketing
Now does or doesn't RBI have rules reg. it , similar to what SEBI have for share holders to treat them equally
- was thinking of reaching RBI banking obudsman for the selective offers with tons of T&C in consumer intrest
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Time will tell who is wasting time, you care about your own and Ftime OFF
Banks, credit card companies and e-commerce platforms works on the principle of profit.
They do not have to give out any offers.
People will still buy stuff if they really need them even if there are no offer on it.
People here building their whole personality on offers..... 😄
profit and customer service are too diff things
banks cant deny services to customer stating it is generating no profit (better file for bankruptcy then ),or it only give benefit to one set of customer and not other stating no profit
-so if a poor and rich have both a/c in same bank the bank ATM card work for the rich and not for the poor that will be discrimination , provided both have same type of saving account and same card type
-even for diff. card type the bank ATM sud dispense money for both equally
-they get their 'profit ' when they charge card fees
Cashback & offers are never your "right", it is a "privilege" offered by companies which you would know by now if you had ever read full T&C of any offer by credit/debit card. RBI ombudsman & every other regulator/appellate authority in India is there to protect your "rights" not "privileges" & they don't do a good job even there. Share holders have "rights" not "privileges" which SEBI is "supposed" to protect.
So in theory:-
1. under what banking logic bank can deny some offer on credit card to debit card holders?
2 . under what banking logic bank can deny some offer on debit card to credit card holders?
-which is more superior of two?
lets hear from devil's advocates here
besides profit making and which would have counted towards services(better services?)
2. Business logic.
If you don't agree with business logic of a business in India then become customer of another business or start your own business with logic you prefer.
With the exception of RuPay Platinum debit cards which have been outsmarting any CC or DC offer, generally offers on Visa/MC credit cards are more than debit card offers. The simple reason being that credit cards is a more profitable business since people tend to forget to pay back on time and banks can charge late fees and interest. With DC, it's people's money anyway, plus not many keep huge amounts in savings account, just the bare minimum required MAB and banks give loans to those wanting loans against the savings account deposits they have - this is one reason banks want you to keep higher amounts in savings account rather than FD. Interest rate on loans is highest, FDs somewhere in the middle, and on savings account is lowest so more profit for banks.
I know Kotak is one bank that mostly gives equal offers on both credit and debit cards, IndusInd also but otherwise most banks' CC offers are more frequent or slightly higher discounts.
There is difference between shareholder and card holder. Shareholder is a part owner whereas a card holder is a customer. Good luck with wasting time and resources for this useless thing.
If you have too much time use it for some part time job.