IDFC FIRST Bank
Check out 5 important things to know about cash back credit cards
Some cards might offer a flat cash back on your transaction. For instance, get ₹100 cash back on every ₹1,000 spent on the card.
In other cards, the cash back can be expressed in terms of percentage of the transaction amount. For instance, 1% of the transaction value.
The cash back can be different for different categories. For example, the cash back can be different for lifestyle, travel, shopping, fuel, etc.
Under some cards, cash back can be offered throughout the year while in others it can be offered at specific events like Diwali, Christmas, etc.
Cash back can be credited to your credit card account to reduce the overall bill or it can be accumulated as reward points for future redemption