Credit Card Reward Points - Are They Really Rewarding? By Priya Agarwal
Credit Cards have come to become an integral part of our lives and our dependency on them can perhaps be regarded as a necessary evil more than anything else. If you are a frequent user of this plastic money, you must have come across the terms 'reward points' or 'cash back' offers. Most of us would have heard about it, but do we know enough to use it well?
Not really, right?
What do they mean?
In fact, using these points and offers will help you save money and a significant amount of it as well! But, in order to save some, you will have to spend first. So, how does the whole thing work?
For starters, the number of reward points you can collect depends on the type of card you avail. For instance, your reward points will vary if you have a gold or a platinum card and it's different for a co-branded card. For instance, for every x amount you spend, you will earn a certain number of reward points. The value of x will across banks and also depend on the type of card you own.
