Reward points are incentives banks provide to their customers for using their debit or credit cards. These points can be redeemed for goods or services, or they can be converted into cash.
Some banks even offer rewards points for certain activities such as shopping online or making payments with your card.
In this article, we will take you through the process of redeeming the debit card reward points you have earned on your purchases. Take a look!
Banks offer reward points on debit cards to add value and enhance the customer’s purchase experience. Reward points are earned on specific approved debit card purchases and can be redeemed at a later date for discounts or deals on other products or purchases.
You can get unique deals and discounts from the brands you love with these reward points. Customers can benefit greatly from debit card reward points, leading to endless opportunities.
Cardholders can redeem reward points offline and online, depending on their purchases. In recent times, there has been a surge in online shopping, which prompted the increase in online redemption of reward points.
Banks provide an online platform to ensure their customers find the assistance they require to redeem these points. Alternatively, they can directly claim redemption benefits from the pages of certain brands and products as well.
Redeeming reward points depends on the bank and the debit card, but here’s how to redeem debit card points:
Your Debit Card reward points can be exchanged for gift cards that can be used to receive special deals on both in-store and online purchases.
Additionally, banks partner with top retailers and online retailers to give consumers access to exclusive shopping discounts. If you've accrued enough points, you can use the discount.
Usually, these are one-time deals that you can only take advantage of for a set amount of time.
There are also direct redemption offers included with some debit cards. This allows you to use your reward points to get a discount on specific brands or products immediately.
Purchases in categories such as food, electronics, clothes, digital services, petrol, and home items can be made at the facility both online and offline.
Debi card reward points can help you save more when you travel. Banks collaborate with travel agencies, hotels, and airlines to provide their clients with amazing benefits. Reward points can be used directly to pay for travel reservations or in the form of vouchers.
You can additionally use your points to get great discounts on a variety of electronic products. Some exclusive offers are only available to customers who have accrued enough reward points to redeem them.
Reward points can be redeemed to receive significant discounts on utility and recharge bills. Some debit cards also allow customers to exchange reward points for extra talk time, data packs, and other benefits.
HDFC customers can redeem HDFC debit card points the following way.
Log into the NetBanking Portal using your user ID and password
After logging in, click on ‘Cards’
Select the ‘Enquire’ tab in the Debit Card section
On the next page, click on the ‘Cashback Enquiry and Redemption’ tab
Select the account number for which you would like to redeem points
You can now redeem the points as you wish!
Your SBI Reward points can be redeemed for a variety of goods and services, including movie tickets, airline tickets, mobile/DTH recharge, and more, as well as goods and services in categories like clothing, electronics, jewelry, home décor, and kitchen appliances.
You can redeem SBI Debit Card reward points in two ways.
Log on to https://rewardz.sbi/, or
Call SBI Rewardz Customer Care at 1800-209-8500
Note: 1 SBI Reward Point is equivalent to Rs.25 Paise. Hence, 1000 SBI Reward Points can get you free shopping worth Rs. 250.
Kotak debit card users can earn points every day by using their debit cards for purchases. Kotak customers can redeem their points at kotakrewards.com or the bank’s partner stores or websites for shopping, travel, recharge, and more.
Cardholders have an extra incentive to use their debit cards for regular purchases thanks to the reward points. With so many options for using the reward points, a feature-rich debit card will provide you with an extremely fulfilling shopping experience.
Most debit cards issued by banks offer reward points. You can approach your bank or go to the bank’s website and look at various options to understand the debit card that best suits your requirements.
Reward points vary depending on the bank and retail outlet. You can visit the bank’s website to understand how the reward points work before redeeming them.
Most reward points don’t expire as long as the account is open and you can redeem them anytime you see fit. However, some rewards come with a specified expiration date.
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