INTERVIEW QUESTIONS LOAN CREDIT CARD LOAN DETAILS

Question: What are Reward Points for Credit Cards?

Answer: To encourage frequent usage of cards, the card companies introduced the concept of reward points. For Citibank card holders, every 100 rupees worth of purchases made through the card, the card older gains one point. These points could be redeemed for gifts, select product purchases and even for paying the annual fees. So every point would be equivalent to one rupee.

To encourage frequent usage of cards, the card companies introduced the concept of reward points. For Citibank card holders, every 100 rupees worth of purchases made through the card, the card older gains one point. These points could be redeemed for gifts, select product purchases and even for paying the annual fees. So every point would be equivalent to one rupee. Source: CoolInterview.com

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