Outlook Money
As the festive season approaches, it becomes a time not only for celebrations but also for shopping. Co-branded cards can be of great help in enhancing purchasing power and making use of the deals.
A co-branded credit card is a partnership between a credit card issuer and a retail brand, airline, hotel chain, or other service provider. These cards provide exclusive benefits and rewards which are not typically found with standard credit cards, extending their value beyond the usual offerings.
1. Special Discounts and Offers: During festivals, co-branded credit cards offer discounts and exclusive deals. Shopping during this time can save cardholders on high purchases.
During the festive season, these credit cards often boost the accumulation of reward points, especially when utilized at affiliated retailers. This implies that for every rupee spent, one can accumulate more points than normal, which subsequently can be exchanged for discounts, gifts, or other rewards.
Promotional campaigns offering bonus points or rewards for new users who sign up during the festive season are also offered by these cards. Referring to friends and family can yield additional benefits, providing both parties with enhanced rewards as part of the festive promotions.
Many co-branded credit cards allow one to convert festive purchases into no-cost EMI plans. This feature helps to manage the budget by spreading payments over time without extra interest charges.
Compiled by Syed Muskan