Online shopping isn’t just about grabbing discounts, it’s a smart way to get more out of what you spend. With a few simple tricks, you can save more or earn rewards on the stuff you buy every day. It’s all about planning your spending the right way. Let’s dive in and see how you can make every rupee count!
What are debit card cashbacks?
Debit card cashbacks are a way to get some money back when you spend using your debit card. For example, if you buy something for Rs.1,000 and your bank offers 5% cashback, you’ll get Rs.50 back into your account. It’s like a small reward for using your card to shop.
How to strategically plan your purchases?
Planning your spending can help you save money and get the most out of your debit card. Here’s how you can do that:
1. Understand the cashback categories
Many debit cards give cashback for specific types of purchases, such as groceries, dining or online shopping. Understanding these helps you align your spending to earn maximum rewards. Always check the terms and conditions of your card to identify these cashback opportunities. This way, you can plan your purchases smartly and make the most of what your card offers.
2. Use your debit card for everyday expenses
Using your debit card for everyday things like groceries, fuel or dining is a simple way to earn cashback and rewards. Plus, when you use your card instead of cash, you get the added benefit of keeping track of what you spend. It’s an easy habit to build. This can, over time, help you save money without putting in much extra effort.
3. Check for special discounts
Banks often partner with stores or brands to offer exclusive discounts to debit card users. These can include reduced prices, extra cashback or bonus reward points. Regularly check for these deals through your bank’s website, net banking portal, app or emails. This ensures you don’t miss out on potential savings. You can maximise your benefits by timing your purchases with such offers.
4. Make the most of the loyalty programs
Some debit cards come with loyalty programs where you earn points for every transaction. These points can be redeemed for gifts, vouchers or even cashback. To fully benefit, register for the program and regularly track your point balance. Redeem the points before they expire and look for bonus offers to accumulate rewards faster. It’s a great way to get more value for your spending.
5. Avail EMI option with cashback offers
For big purchases, some debit cards offer the option to pay in Equated Monthly Instalments (EMI) while also giving cashback. This helps you manage your budget better while still earning rewards. Before making a large purchase, check if your card supports EMI or are there any cashback deals available. It’s a win-win for affordability and savings.
6. Avoid overspending
Cashback and rewards are tempting, but overspending to earn them defeats the purpose. Stick to a budget and focus only on purchases you need. Always ensure your spending aligns with your financial goals, so you don’t end up in debt. The rewards are a bonus, not the goal, so plan wisely and spend responsibly to enjoy the benefits.
Get Kotak811 Debit Card for making all kinds of transactions
Whether you’re making purchases online or paying bills, the Kotak811 Debit Card ensures you earn rewards and cashback with ease. It’s designed to make every transaction seamless, smarter and more rewarding.
Take control of your spending while enjoying exclusive benefits that add value to your everyday expenses. Don’t wait - unlock the potential of smarter financial choices with Kotak811 and start enjoying the rewards today!
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This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees, and contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.
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