Bangalore: Getting a discount and saving money is always what one likes. Now a days we are addicted to products that give us discounts and if not offering then it is a huge disappoint to most of us. Every sales person takes advantage of this weak nerve of ours and has something to offer which makes us fall for it. In that case, credit cards are no less compared because their offers not only tempt you to shop more but give back cash points on it. Here is how it works, supposedly one spends 3,000 on his bills through his credit card and the bank offers a 5 percent cash back, then the bank asks him to pay only 2,850. The whole idea is very simple yet attractive but there are some must know factors which act as a glitch.

Select a Credit Card which fits your regular expense pattern. There’s no point of opting for a credit card which offers a cash back but to make use of it, you end up spending too much, which will ultimately push you into additional debt. So, always select your card which fits you and your needs the best.

Check the categories enlisted for Cash Back. Some banks provide cash back of 5-6 percent on specific categories while other banks either don’t offer such benefit or yields cash back at much lower rate. For example, banks offer a cash back facility on utility bills for high rated resorts but not in other categories like DTH connections or Mobile bills. So, before using your credit cards at such places, ensure that your resort is eligible for the cash back. It depends whether the resort is empanelled with the bank.