Banking

Top 7 Credit Cards That Offer Amazing Cashback

September 8, 2017 by Rakesh Doddera

Today, with the advent of credit cards, the whole process of shopping has become more and more convenient. One of the key benefits is that you no longer have to carry cash in your wallet. Now, all you need is to just take out your credit card, swap it, and your payments can be met at a later date. Credit cards have really helped in making online shopping easier and needless to say the whole shopping scenario has undergone a significant change.

Whenever you use your credit card to make the payments, you get to earn points or cashback which can be redeemed later on. Cashback offers tend to vary from card to card and you can make a choice as per your purchases. Most of the credit cards in India offer two schemes – Cashback and Rewards Scheme.

Let’s dive into the list of top 7 credit cards that offer amazing cashback –

Citibank Cashback Credit Card

As the name is self-explanatory, this credit card is an apt choice for all movie lovers. If you visit multiplexes quite frequently and pay your bills online, then this card can be a major asset to you. You need to pay Rs. 500 as an annual fee for Citibank Cashback credit card. Cash back offered by the credit card –

● You get to earn 5% cashback on movie tickets

● Every time you pay your telephone bill you earn 5% cash back

● There is 5% cashback on utility payments

● There is 0.5% cashback on all other spends as well.

Standard Chartered Super Value Titanium Credit Card

Securing the second position on the list is Standard Chartered Super Value Titanium Credit Card. This card is known for its lucrative cash back offers. This is an ideal credit card for all those who are looking to have a hassle-free experience with their first credit card. Cash back offered by the credit card –

● You are offered 20% cashback on all your Uber rides.

● You get to enjoy 5% cashback whenever you make payment for your telephone bills.

● There is 5% cashback on your utility payments such as water, gas, and electricity bills.

IndusInd Pinnacle Credit Card

This is an apt credit card to have in your wallet when it comes to cash back offers. This is a credit card for all those who spend a lot online. Cash back offered by the credit card –

● You can have cashback offers of up to Rs. 2,000 when you make international bookings and you get Rs. 1,000 cashback on domestic bookings made through your smartphone.

● There is 2.5% cashback on online spends.

● You are offered 1% cashback on all other spends.

Standard Chartered Manhattan Credit Card

This is another credit card known to offer the best cash back offers. Cash back offered by the credit card –

● You can earn 5% cash back whenever you shop at departmental stores and supermarkets such as – Reliance, Easy Day, Big Bazaar, etc.

● You get 5% cash back on grocery spends.

● You will receive Rs. 500 cash back limited to Rs. 150 per transaction.

ICICI Instant Platinum Card

This is a great credit card for the first time users. This is an apt card for the non-salaried people such as students and housewives as well. Cash back offered by the credit card –

● When you spend a minimum of Rs. 4,000 at HPCL petrol pumps, you get to enjoy 2.5% fuel surcharge waiver.

● Earn two payback points every time you spend Rs. 100 on your credit card.

● When you spend Rs. 100 on your card, you get two payback points.

● Get Rs.100 off on up to two movie tickets a month when you book on bookmyshow.com.

HDFC Bank Bharat CashBack Credit Card

This is one of the popular cashback credit cards in the list. It is a perfect card for all those who have an annual income between 2-5 lacs. Cash back offered by the credit card –

● You are offered 5% cashback on fuel spends.

● There is 5% cash back offered for all SmartBUY, EasyEMI, and PayZapp transactions.

● Enjoy 5% cash back on whenever you book your rail tickets through IRCTC official website or mobile app.

● There is 5% cash back whenever you pay your bills and recharge through your Bharat cashback credit card.

American Express Payback Credit Card

This credit card comes with attractive reward points. In addition to offering lucrative fuel, dining, and travel offers, the card also offers welcome vouchers and bonuses. Cash back offered by the credit card –

● You get to enjoy discounts of up to 30% and additional 5% cashback offers at over thousand restaurants.

● When you avail the credit card, you will receive welcome vouchers of Rs. 3,000.

● Earn bonus payback points whenever you spend Rs. 15,000 within 60 days of receiving the card.

There are some attractive discounts on travel, dining, and online shopping.

Author: Ankita Dixit is a professional writer. She started writing from a young age and most of her writing skills and knowledge are self-taught. Currently, she is working as a professional writer at Paisa.co. She has written on various topics including travel, motivation, finance, technology, credit cards, insurance, and entrepreneurship etc.

How to Use Money Tap app to Get Instant Cash loans in India

July 23, 2017 by Rakesh Doddera

If you need money in an emergency situation, no need to run around or stand in long queues in banks.
Just open Money Tap app, select Amount and click. Money is transferred instantly to your account.

What is Money Tap app?

Money Tap app is a money lending app for immediate cash loans in India. Money Tap app is India’s first app, which helps consumers to get the personal credit line from partner bank. It combines the power of a personal loan and a credit card.

How to Use Money Tap app to get instant Cash loans?

First of all, you need to apply for a Credit Line on Money tap app.
FYI.. “Credit Line” means that the bank will issue a limit of up to Rs 5 lakh, without any collateral or charging any interest.

Step 1: Download & Install Money Tap app.
Step 2: Get instant pre-approval of up to Rs 5 Lakh.
Step 3: Upload KYC documents and get final approval.
Step 4: Choose the amount to withdraw and the tenure.
Step 5: Get your money transferred into your account instantly.
Step 6: Repay EMI’s through app.

How does Money Tap work?

• Transfer as low as Rs. 3000, or as high as your credit limit, to your registered bank account.
• Convert your card spends (Rs.3000 or higher) into EMIs right from the app.
• Know all your charges through the MoneyTap app.

Know The Features and Money Tap Customer Care Number

What’s Inside Money Tap App?

Once you download the Money Tap app from the Google Play Store, you need to upload a selfie for the application form, photo of a PAN card and current residence proof for eKYC.

There are mainly three sections in Money Tap app.

1. Profile
2. Credit decision
3. Amount

1. Profile Creation in Money Tap

If you want to get a loan from a bank, then you need to fill a lot of information & submit plenty of documents. But, with Money Tap the process looks simple and fast.

You also need to enter the purpose for which you require a loan.

It will be much easier if you could simply scan the Aadhar card bar-code and all the required information would be fetched from the card.

2. Credit Decision

Once the eKYC is done than the app takes you to the next level, where you can know about the eligibility for the loan as well as sanctioned amount.

In order to perform ‘Eligibility Check’. You need to enter your PAN details, current organization & residence type. Once these details are submitted, the patent-pending algorithms fetch your CIBIL score, social score, etc
CIBIL score might be the first data point used by MoneyTap for checking eligibility for a loan.

If you pass the eligibility check, then you need to submit last six months bank statements. I highly recommend you to use salary account for this as their target market segment is salaried professionals.

There are 2 options for you to upload bank statements.

1. Secure upload link

Money tap will send you a link on your registered Gmail ID to upload your Bank statements. Upon clicking the link, you will be redirected to the secured portal to upload your Bank statements.

2. Net-banking account

The user has the option to either ‘Login to net-banking account’ inside MoneyTap.
MoneyTap has tied-up with a 3rd party company through which ‘Secure Bank statement upload’ as well as ‘Net Banking Login’ is made possible with mandated security standards and robust protocols.

3. Loan Amount

Once both eKYC and Credit Decision steps are completed, the final step is disbursal of approved loan amount.
Note: Interest is only charged for the amount borrowed with interest rates as low as 1.25~1.5% per month.

You can use Money as you like it

Money Tap App– Transfer the amount you need to your bank account instantly.

Money Tap card– Like any other credit card, you can use your card at any retail stores or at online sites. Convert your spends to easy EMI’s.
There is a one-time setup fee of Rs. 499 plus taxes and the customer would get a MasterCard powered credit card by RBL Bank.

Know more about RBL MoneyTap credit card

Follow MoneyTap on

1.Facebook
2.Instagram
3.Twitter

How to recharge your phone with a missed call using HDFC mobile banking

December 3, 2016 by Rakesh Doddera

If you want to recharge your mobile then there’s no need to visit any shop, no need of internet or download an app – all you need to do, is save 73 08 08 08 08 on your phone and give a missed call whenever you want to recharge your phone.

You can connect your family or friend’s mobile numbers to your account and allow them to recharge their phone easily too!

You, and your family & friends can now recharge your mobile phones just by giving a missed call to 73 08 08 08 08.

Key Features

You need to activate this feature by sending an SMS (as mentioned in Get Started) to 73 08 08 08 08 (to be done just once)
You can set up to 5 mobile numbers to your account for recharges
1 mobile number can be connected to only 1 bank account number at a time.
Recharge amount can be between Rs. 10-500.
Default Top Up amount is Rs. 50. This amount can be changed by sending an SMS (as mentioned in Get Started) to 73 08 08 08 08
Maximum 1 recharge per mobile number per day

Here’s how to activate

Activating this is simple, just send the following SMS to 73 08 08 08 08 (one-time activation):

For your own number:
ACT <Operator Name> <Last 5 digits of Account No>
Eg: ACT IDEA 12345
For your friend’s / family member’s or any other mobile numbers:
ACT <Mobile No> <Operator Name> <Last 5 digits of Account No>
Eg: ACT 9876543210 IDEA 12345

To deactivate the service, you need to send the following SMS to 73 08 08 08 08:

To deactivate a specific number:
DACT <Mobile No>
To deactivate all numbers:
DACT ALL

Benefits

Most convenient way to recharge
Service is available on all phones (Smartphone as well as feature phones) and for all prepaid customers.
You can also add family members/friends and authorize them to recharge their mobile through a Missed call (your bank account will be debited)
You can also set a favorite recharge amount for yourself or added members
Anywhere anytime service
Completely secure as all authorizations happen only from your (the account holder’s) registered mobile number