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ICICI Bank may be higher based credit card in India and also one of loyalty programs among the most sophisticated banks. They are the ones who start...

swiss gold tea

ICICI Bank may be higher based credit card in India and also one of loyalty programs among the most sophisticated banks. They are the ones who started the rewards program that gives express the accelerated accumulation of reward points based on the total purchase of a map and gives an incentive for customers to switch to card ICICI, since they can accumulate points up to five times faster than the regular rate of 1 point for every Rs 100 spent. The express rewards program ICICI Bank has made popular in a short time, because customers have accumulated more points than the other cards and express rewards program were quickly imitated by other banks like HDFC.

The first thing that consumers should understand that not only the number of reward points that matters but also the type of gifts that are available for redemption and the number of Reward points to redeem them. I have been using credit cards over the past 10 years for personal and business expenses and always do my analysis before exchanging points that accumulate on a regular basis. I have letters from almost all issuers of foreground as ICICI Bank, HDFC Bank, Citibank, Standard Chartered and HSBC Bank and if you ask me I would pick a card from HSBC and HDFC gold money.

ICICI Bank, which is the most aggressive player in the area of credit card but also the most publicized Reward Program. At first it was very good reward options as well and the Taj group of hotels for its members welcome, gold, but those who have been removed far behind. In fact, its Express Awards program has lost its appeal as you need more reward points by ICICI redeem a gift (for example, a good value bloomers Rs 500) compared to other cards, such as HSBC or HDFC.

Traditionally, banks have more or less the same gifts for his rewards program, but now the various banks are working to differentiate their offerings. It remains common to all rewards programs are store vouchers departments, vouchers for clothing fashion and accessories brands, fast food vouchers and some consumer durables as a mixer / grinder, toaster, microwave and OTG. However, a more consumer credit card is compared first and then select the reward points just to claim a special discount as detected that you need almost double the reward points in the HSBC ICICI card to claim some special gifts.

If a gold card, then it is likely having a wider choice than most banks have the option of special awards for Gold Card members, who are generally entertainment products, such as hotel vouchers, perfumes, and collectibles. The HDFC Gold Card program allows you to choose between good and some perfume, but I would not suggest the collection Victorinox Swiss Army Knife or Magpie set the bar I do not think these offers are attractive. For members of ICICI gold trafficking are not as good as most now have more business you have to pay additional amounts, not just the reward points.

ICICI Bank has something called Spotlight Awards where they try to boost China junk and cheap electronics made as digital cameras, USB memory and a pencil etc, and that too often in cash and reward points. Attention award is very preventable and provide essentially the lowest in an award in the category of any bank. Personally, I once ordered a folding tea table with the purchase of more than 1,000 rewards points in the category of projectors and the things that was actually defective and low cost of Rs 100.

Not only ICICI ships defective materials, but also other banks, so the choice of gift is very important if a customer wants to maximize its reward points. OTG once asked my HDFC Gold card and OTG found defective. After many complaints and persuasion that OTG defective was replaced by a faulty, and since I decided that day never go to any consumer durables.

I think a smart consumer should avoid Durables and Articles electronics companies, such as credit card seems few seconds of the original plant to reduce costs is shameful. The best things you can get the documents but do not forget comparison if you have several credit cards. Some things you can try perfume, magazine subscriptions and collectibles, but make sure not to look for points also rewarding.

If you're like cardholders branded Jet Airways Citibank or Amex Indian then convert rewards points to miles carriers are a good option. Silver Cards HSBC also offers Jet Airways and Kingfisher miles, so I think that is one of the best rewards programs like today.

The final opinion is if you are not in the debt trap by getting lured by the gifts and express rewards programs. A smart consumer pays all accounts and credit card expenses, but also pays the bill by credit card in full. This is the best way to accumulate points and redeem them rewards for cool gifts at a later time with interest or incur additional charges.

About the Author:

Jaydeep Bhattacharjee writes on consumer issues concerning the Indian consumers. He is the founder of http://www.admanya.com – India’s leading C2C portal. Admanya is free and it completely depends on consumer participation for its content. Join Admanya and be an empowered consumer – you can read or write a review about almost any product or service.

Article Source: ArticlesBase.com – Credit Card Reward Points – A Consumer Guide to Choose Smartly Among Many Reward Options

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