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Entry level card-Instant Discount or Cashback in Sale

  • JMaurya
  • Apr 29, 2023
  • 2 min read

Updated: May 18, 2023


Online & offline sale is the time when most of us do maximum shopping to stock up on our daily required products as well as a product that we always wanted to have but never bought due to high price. Also, many times you might have seen some electronic products bought with an XYZ credit card that will give you15 % instant discount and if you are planning to buy that product then you start looking for that card with your friends. So to overcome such a situation you can always keep a basic variant of that bank credit card and use it when it comes.

Normally we see sales on online sites going throughout the year but there are some sales that will give maximum discounts and in that sales, we will find some products whose rates will be cut down to increase the count of sales of that product and also to perform warehouse cleanup.

In this blog, I will go through some of the entry-level credit cards which will help you to get maximum discounts in sales as well as help to extract good discounts throughout year sales without worrying about card fees.

Kotak Bank - Kotak League Platinum Credit Card

You can use this card to avail instant discount offers on all online & offline merchants in the sale period. You will get this card as LTF (Lifetime free ) if you apply through an agent directly and sometime Kotak runs offers to give this card as LTF to increase their credit card customer base. Try to get this card only when it is LTF.

Also if you have any higher variant of the Kotak bank card then you don't need this card, your card can get you an instant discount.


Rewards :

The reward structure on this card is average you will get 8 reward points for Rs 150 spent in special categories like travel booking, electronic purchases, departmental stores & durable goods. And 4 reward points for all other spends of Rs 150.

If you reach a milestone of 2 Lac spent in a year you will start getting 8 Reward points for all the spending.

Also if you complete 1.25 Lac spent in the first 6 months then you are eligible for 10K rewards points or instead you can take 4 PVR tickets. Also, this same milestone is applicable for the next 6 months of the year. So this way you can earn 20K rewards point in a year if you spent 2.50 lacs. The value of each reward is 0.25 paise.

ICICI bank - ICICI Plantium Chip card.

If you don't have an ICICI bank credit card other than an Amazon Pay ICICI card then you need this card to avail instant discounts/cashback in sales. This card is an entry-level & basic card from ICICI which comes as LTF and with minimum income criteria of 3 lacs per year.


Rewards:

The rewards on this card are very poor , you get 2 reward points for every 100 Rs spent on retail purchase and 1 reward point for utilities & insurance payments. The value of each reward is 0.25 paise. There are no milestone benefits as well but this card will give you same discount which you can get with ICICI emeralde card which comes with a fee of Rs12000.

SBI Card - SBI SimplyClick credit card

This is an entry-level card from SBI Card which comes with a fee of Rs 499 and if you spend Rs 100000 in the previous year then your next year's fee will be waived. In SBI cards we don't have any LTF, all cards come with some annual fee. There is a trick if you use this card for two years by spending on it then you can get your card converted to LTF by talking to customer care, this applies to all other cards of SBI cards which come with a fee of Rs 500.


Rewards:

This card has an average reward structure where you will get 1 reward for every Rs100 spent and in the special category you will get 5X rewards for online shopping and 10X rewards for some special online tie up like Bookmyshow, eazydiner, netmeds, cleartrip, and Apollo24x7 app. The value of each reward is 0.25 paise . And you can easily redeem your rewards for Amazon pay vouchers.

OneCard Credit card

This is one of the basic card with a premium look from a FinTech company named FPL Technologies. They issue this card in tie-up with banks like a federal bank, BOB Financial, Indian Bank, etc.

This card gives you instant discounts during online sales as well as it has regular offers going on throughout the year with some known companies like Myntra,swiggy, zomato, blinkit, amazon, and Flipkart.


Rewards :

This card has a very simple rewarding structure where you will get 0.20% for all your spending and if you have spent in 3 categories in a month then for 2 categories where you have maximum spends will get an extra 0.80% reward. The best part of this card is it gives you a fractional reward even for spending Rs 10.

If you have these cards with you then you can easily get a sales discount but I will not suggest using these cards for your regular spending as they have a very poor rewarding structure, It's not giving you even a 1 % reward in all categories. So my suggestion will be to use these cards when you are getting more benefits compared to your regular card in online & offline sales.

Thank you for reading this blog. If you are interested in any of the below activities then you can use my referral links. This way you can support this blogging site and encourage me to add more blogs like this.


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