Bangalore: If you get some discount on your bills in these inflationary times, you will dare not deny it. The bankers have comprehended this and are taking up this opportunity to push a credit card in hand- a credit card that gives you cash back. It a very simple scheme, each time you pay a bill using your credit card, you are eligible for a cash back.

For instance, you have paid 2000 for your electricity bill; the bank offers you 5 percent cash back. In that situation, your monthly credit card statement will ask you to pay only 1900. Though the offer of saving money sounds attractive, it’s better to be aware of all the details.

Cash Back Item List

There are certain banks that offer cash back on utility bills while several banks offer cash back only on optional spends for example three-star rated and above restaurant bills. It’s better to keep in check that the service provided by your bank empanels with cash back credit card scheme. Even in case of utility bills, check if your bank empanels the utility service provider you are paying to. For instance, your internet service provider or DTH service provider need not be a 'utility service provider' for your bank as far as the cash back credit card is concerned.