Why you should not apply for lifetime cashback credit cards

Deal Newbie
metamorph

1. It makes you not think about cost; in fact, you'll be happy buying expensive items because of cashback.

2. It encourages you to buy things you don't need, and you do so happily.

3. You can fall into debt trap more quickly than with upfront credit trap, no-interest EMIs trap, or big discounts trap.
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Deal Subedar Deal Subedar
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Those who don't have financial decipline should not have any credit cards. 

For others LTF cards that too with cashback is very good option.

Talk-Of-The-Town Talk-Of-The-Town
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Just treat credit cards as debit cards and you will be fine.

It is always good to make a budget and follow through it for monthly expenses.

Deal Subedar Deal Subedar
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Don't jump into swimming pool. Yo will get wet.😄

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Deal Subedar Deal Subedar
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Those who don't have financial decipline should not have any credit cards. 

For others LTF cards that too with cashback is very good option.

Deal Cadet Deal Cadet
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Credit card is not for those who can not manage their expenses.

Best method to manage online expenses is to keep one excel sheet containing amount and name of expense. 

Deal Cadet Deal Cadet
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like?

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Talk-Of-The-Town Talk-Of-The-Town
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Just treat credit cards as debit cards and you will be fine.

It is always good to make a budget and follow through it for monthly expenses.

Deal Subedar Deal Subedar
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Don't jump into swimming pool. Yo will get wet.😄

Helpful Helpful
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Don't keep money in wallet , you may end up spending

Deal Lieutenant Deal Lieutenant
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hmmm simple just buy for others and pocket in the commission lol thats what these cashback cards are for:) not for personal spendings xD joke

Finance Mentor Finance Mentor
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Get paid upfront else fraud or another soft debt trap...lol

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Finance Mentor Finance Mentor
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This true for any any credit card.

If someone just goes on buying things using credit cards without any thought to their finances, they Should not have credit cards.
Helpful Helpful
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OP how many cashback cards you hold?

Deal Newbie Deal Newbie
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Confidential smile

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Helpful Helpful
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you are basically saying don't get the only thing from bank which is beneficial for us, everything else just let bank make money from you.

Deal Newbie Deal Newbie
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This is how it’s affecting me. Something that makes me happy is getting a 5% cashback on a 1000-rupee purchase (50 rupees online, or 10 rupees offline). But, when I left my card or the cashback, it made me more cautious about my spending, making me consider whether I really need to make this purchase now.  
Deal Cadet Deal Cadet
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The subtle programming of schemes to entice customers unconsciously to become slaves of material things even without realising.

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