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Everything about Debit Card Rewards
Posted on Monday, September 27th, 2021 | By IndusInd Bank
The classic Mastercard advertising slogan “There are some things money can’t buy. For everything else, there’s Mastercard” beautifully sums up the indispensability of cashless transactions. Indeed, as time progresses, many people are veering away from using cash given the ease and convenience offered by debit and credit cards. Interestingly, while credit cards are known for their many perks – reward programs, cashback, and point accumulation – lots of users are unaware that debit cards can offer many of the same benefits. Before elucidating the rewards you can enjoy with your debit card, here’s shedding some light on the fundamental advantages of using a debit card:
Unlike credit cards that typically come with late payment charges and annual fees, debit cards have negligible or no fees attached.
As debit card payments remove the money from your account right away, you remain accountable, spending no more than you actually have.
Debit Card Rewards
Though the rewards associated with using a credit card are commonly known, debit cards have long since joined the rewards club. Here are some of the different kinds of rewards banks allow you to enjoy with your debit cards:
- You may enjoy monthly or annual reward points or cashback points shopping with big brands across FMCG, pharmacy, grocery, fuel, and more.
- Many debit cards have exciting offers on tickets for movies, plays, and special events.
- Get exclusive offers of discounts with brands that serve as the respective bank’s partner merchants.
- Many banks allow you to be free of liability lest any fraudulent Point of Sale transactions should take place on the debit card up to a fixed number of days prior to reporting the card loss.
- Some banks allow you to enjoy zero-cost EMI on leading brands of smart phones, furniture, and more.
- Several debit cards come with a special insurance cover for personal accidental death.
- Enjoy annual gift vouchers with some debit cards.
- Many debit cards allow a high ATM transaction limit per day.
- Debit cards are great for banking, besides enabling swift, convenient, secure and contactless transactions at retail outlets and during online shopping.
Advantages of Debit Card Rewards
- If you are frequently using your debit card to make purchases, you can effortlessly start racking up rewards.
- Though credit card reward programs are commonly more attractive, credit cards carry the risk of interest accrual in case you fail to pay off your balance each month, thereby negating the benefit of rewards. On the contrary, you are never at risk of accumulating interest charges with debit cards.
IndusInd Bank Debit Card Rewards
If you are looking for a debit card that comes with an attractive rewards program, make sure to check out the unique loyalty program that comes with IndusInd Bank Debit cards. With ample rewards, including welcome benefits, for all types of purchases on every IndusInd Bank debit card – Regular, Gold/ Titanium, Platinum/Platinum Select/ Platinum Exclusive, and others – spending couldn’t have been more rewarding.
Apply for a debit card online at IndusInd Bank today!
