The credit card market in India is expected to double, with 200 million cards in circulation by 2028-29. The various benefits that credit cards offer could be the key factor powering this growth. These may include convenient payment options, credit score improvements with responsible use, interest-free periods, fraud protection, and special offers on shopping and travel.
Among these, a crucial benefit that attracts many users is credit card rewards. Here is everything you need to know about credit card rewards, from how they work to how you can earn, redeem, and make the most of them. What are credit card rewards, and how do they work? Credit card rewards are incentives offered by banks to encourage spending and foster customer loyalty.
Every time you make purchases with your rewards credit card, you get to earn points. These points gradually accumulate and can be used to claim various rewards. For example, the IndusInd Bank Platinum RuPay Credit Card is a UPI-enabled credit card that offers attractive and never-expiring reward points.
You earn 2 reward points for every ₹100 spent on UPI transactions, while non-UPI transactions give you 1 reward point for every ₹100 spent. You can redeem these accumulated points for various options, such as: Airline miles on InterMiles Gift vouchers on IndusMoments Cash credit Airline miles on Vistara Pay with rewards You can apply for this RuPay credit card online easily as the entire process is 100% digital. Moreover, there are no joini.