Why no cashback on Debit cards

Why no cashback on Debit cards

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Deal Newbie
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Why is Amazon stopping cashbacks on Debit cards?
https://www.amazon.in/b?node=5731634031&pf_rd_p...
Is it because Credit cards means more money for the banks?
SBI has been very aggressive to sell its credit cards from the past 6 months.

4 Comments  |  
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yes in credit cards 50% people either forget to pay on time or pay only minimum due. so banks earn lot of money from late fees & interests. there is no such option to earn with debit cards.

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pentiumd wrote:

yes in credit cards 50% people either forget to pay on time or pay only minimum due. so banks earn lot of money from late fees & interests. there is no such option to earn with debit cards.

You are right but is chakkar mein mere jaise ki to lag gayi.
What a crappy Indian banking system. Yeh saale Modi/Mallaya se hi kabu aate hai.

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billubakra wrote:

You are right but is chakkar mein mere jaise ki to lag gayi.
What a crappy Indian banking system. Yeh saale Modi/Mallaya se hi kabu aate hai.

It is same anywhere around the world in us people extensively use credit card debit card is used rarely

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If someone is doing it wrong then why should we follow them? I am talking from customer’s pov

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