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Articles tagged Reward Points on FinWiz24 — plain-English guides on tax, GST, loans, and personal finance.
Closing a credit card the wrong way can cost you ₹5,000 in forfeited rewards, drag your credit-history age down, and dent your CIBIL score by 30–60 points. Here is the bank-by-bank closure workflow, the clawback traps, and the math behind each.
Indian households spend ₹8,000–₹15,000 monthly on groceries. We compare SBI SimplySAVE, HSBC Live+, HDFC Millennia, and SBI Cashback to find which card returns the most on supermarket, quick-commerce, and kirana spending.
If you spend ₹5,000 a month at restaurants, which dining credit card actually pays back its annual fee? We do the math across HDFC Diners Club Black, ICICI Amex, and more.
A Merchant Category Code is a 4-digit number attached to every transaction. It controls rewards, milestones, and exclusions.
Wallet loads, rent payments, fuel, and insurance don't always count toward your milestone. Here's the full exclusion list.
All three are ways to earn on your card. The right pick depends on your spend, your redemption habits, and your flexibility.
HDFC points don't expire. Axis EDGE Miles expire in 24 months. Amex MR points expire in 36 months. Here's the rest.
Every rewards programme has three knobs: earn rate, cap, and burn value. Here's how banks tune them.
Cashback and rewards from banks are exempt from income tax under the Income Tax Act 2025. The 2023 TDS rule covers gaming winnings, not card rewards.
Most Indian cards quote '1 point = ₹X' but the real value depends on how you redeem. Here's the framework we use.
The billing cycle is the engine of every reward, fee, and interest decision on your card. Here's exactly how it works in India.