Canara Bank’s ATM Debit Card offers an excellent opportunity for customers to earn rewards and cashback on their daily purchases.
Whether it’s for shopping, dining, or online payments, using your debit card can bring great benefits that save you money and offer additional perks. In this article, we will guide you on how to make the most out of your Canara Bank ATM Debit Card to earn rewards and cashback.
Understanding the Rewards and Cashback Program
Canara Bank offers a rewards and cashback program on its debit cards, providing customers with the opportunity to earn points or cash for their regular transactions. These rewards accumulate as you use your card for purchases, and you can redeem them for various items or convert them into cashback.
- Rewards Points: For every eligible transaction made with your Canara Bank ATM Debit Card, you earn reward points. The points can be redeemed for gift vouchers, merchandise, or even discounts on future purchases.
- Cashback Offers: Certain categories, such as online shopping, dining, or bill payments, may come with cashback offers. These deals provide a percentage of the transaction amount back as cash, credited directly to your bank account.
How to Earn Rewards and Cashback
Earning rewards and cashback with your Canara Bank ATM Debit Card is simple. Follow these steps to maximize your benefits:
- Use Your Card for Daily Purchases: To start earning rewards points and cashback, use your debit card for everyday purchases such as groceries, fuel, and utilities. The more you use the card, the more points you accumulate.
- Shop with Partner Merchants: Keep an eye on special offers from Canara Bank’s partner merchants. Many retailers and online stores offer higher cashback or additional reward points when you shop through their platforms using your Canara Bank ATM Debit Card.
- Take Advantage of Seasonal Offers: Canara Bank periodically runs promotional campaigns that offer extra rewards or cashback for certain categories of purchases. These campaigns might include discounts on travel, dining, or online shopping, and using your card during these promotions will help you earn more rewards.
- Online Bill Payments: Paying your utility bills (like electricity, water, or mobile bills) using your Canara Bank debit card can help you accumulate both cashback and reward points. Many bill payment services offer incentives when you use your debit card as a payment method.
How to Redeem Your Rewards and Cashback
After accumulating reward points or cashback, it’s time to redeem them. Canara Bank provides several ways to use the rewards you’ve earned:
- Redeem for Merchandise and Gift Vouchers: You can convert your reward points into various items such as gadgets, home appliances, or even gift vouchers for popular stores and online platforms.
- Cashback Credit: The cashback you earn is credited directly to your Canara Bank account. You can use this cashback balance for future purchases or save it for other uses.
- Discounts on Future Transactions: Some rewards programs allow you to use accumulated points for discounts on your next transaction, making it easier to save money on your next purchase.
Tracking Your Rewards and Cashback
It’s important to keep track of your rewards and cashback to make sure you’re earning as much as possible. Here’s how to do it:
- Check Your Rewards Points Balance: You can check your accumulated reward points through Canara Bank’s internet banking portal, mobile app, or by calling customer support. This will help you know how many points you have and if you are eligible for any rewards.
- Review Cashback Statements: Cashback earned is usually credited to your bank account. Make sure to check your account statements regularly to see the cashback credited from eligible transactions.
- Stay Updated on Offers: Canara Bank often updates its reward and cashback offers. Make sure to subscribe to notifications or newsletters from the bank to stay informed about new deals and promotions.