NEWS & ADVICE : CREDIT CARDS
Make more out of your credit card with ‘Cash Rewards’
By Ankit Sharma
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The HDFC Gold Business Card for self employed people offers exclusive privileges on business allied spends made by the cardholders. The card brings cash back rewards 1% each, on air-tickets and utility bill payments. The card also offers surcharge waiver on railways and petrol expenses.

Calculating cash rewards gains on your card

You can calculate the cash rewards benefits you can draw on your credit card. For example, if you end up paying an average of Rs 25,000 credit card bill on monthly basis, then using an appropriate credit card, you can earn cash back on your card.

Let us understand this with an illustration. Suppose your monthly expenses are as follows-

Monthly expenses #

Item

Monthly Expense

(In Rs.)

% of total expenses

Petrol

6000

13

Dining & restaurants

2000

4

Air tickets

23000

51

Railways

8000

18

Telephone bills

6000

13

Total

45000

 

                                            Table 1


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