Last Update: January 23, 2023, 1:46 PM IST
A credit card works similarly to a loan, but instead of receiving money upfront, you get a predetermined credit limit.
Credit card holders can avail 5% for Prime members and 3% for non-Prime users.
Are you new to the world of credit cards and still trying to figure it all out? Let us learn about the essentials of credit cards and their requirements. Credit cards can be beneficial or harmful depending on how we use them. Hence, it is also important to understand which credit card can be used to earn more rewards.
A credit card gives you access to a certain amount of credit that you can use for purchases and service requests. This amount has a repayment tenure and you have to pay it within that time. These cards come with rewards in the form of cashback or points. A bank or other type of credit provider can issue a credit card.
A credit card works similarly to a loan, but instead of receiving money upfront, you get a predetermined credit limit. The amount you have to spend first is determined by the credit limit set by the issuing authority. But did you know, credit cards like Amazon Pay and ICICI Bank Credit Card members offer Amazon Prime Do they get the benefit of additional reward points when they shop? The fact that the reward points are uncapped is the primary advantage of the Amazon Pay ICICI Bank Credit Card. This means that you can earn an unlimited number of Reward Points during a single billing period. These reward points never expire.
This credit card is free. The card has no initiation or annual fee. One can build up unlimited reward points with this credit card on purchases made through the Amazon app or website. Credit card holders can avail 5% for Prime members and 3% for non-Prime users. Customers can use this card to recharge and pay bills through Amazon and earn 2% indefinite reward points. However, fuel, EMI transactions and gold purchases are not eligible for reward points.
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