Bank Loyalty & Reward Programs for Credit & Debit Cardholders

Bank loyalty program is a designed to reward their valuable customers who have credit and debit cards. When customer use the cards for buying any products and services like online shopping, purchasing or bookings at merchants outlets then they get reward points every time from their bank and some time from the merchants also.

Today these types of initiative program attracts more customers and encourage them to partly involve and increase use of card, and almost all the banks has launched this program. Some banks say that the program is a just way to say thanks because their customers are valuable and special and participating in the program is beneficial for the customers.


About points/Bonus

As I said above that, you earn point whenever you make payment through cards. Generally you would earn 1 point(that is equal to Rs. 0.25) whenever you spend Rs. 100 on using debit card and 2 points on using credit card or perhaps it may vary from bank to bank. And later on the collected points/bonus can be redeemed anytime against different services and products like electronics, home appliances, jewellery, mobile/DTH recharge, Air tickets and many more from bank's partnered merchants/outlets. However to make this simple, some banks have collaborated with the outlet website, which is www.maxgetmore.com. This is the website, which brings the entire partnered merchants in one roof so you do not become lost. To start and know more you should also read the terms & conditions so to make yourself clear about points and validity of points as per your bank.



How to be a part of it?

According to banks, anyone can avail the service who is 18 and above and has debit or credit cards. Perhaps some banks offer this service for their credit cardholder only for eg. Canara & Kotak Mahindra Bank. So for more you should consult your bank.

If you are a bank customer then you are already enter in the program automatically and became its member. It means you do not have to go through extra registration process. Nevertheless, to enable and get its' benefits like redeeming point or bonus you have to activate your account through activation process. to activate the account you can go to your bank's official website or you can consult your branch office. While registration at official web, you just have to put your card number and generate your password or whatever according to your bank's requirement. After registration, you can also check and redeem your earned points whenever you want.


Bank Loyalty programs with their name.
 
These are the list of banks, which have launched the loyalty program for their customers.


           Program Name                                                  Bank

1. Canara Rewardz                                                  Canara Bank
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2. PNB Rewardz                                                      Punjab National Bank
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3. Corp Rewardz                                                      Corporation Bank
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4. BOI Star Rewardz                                                BOI
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5. eDGE Loyalty Program                                       Axis Bank
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6. IOB Rewardz                                                       IOB
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7. Freedom Rewardz                                                SBI
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8. Anmol Rewardz                                                   Central Bank of India
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9. UCO Bank Rewardz                                            UCO Bank
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10. Utsav Rewardz                                                   Federal Bank
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11. Union Rewardz                                                  Union Bank
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12. My Rewardz                                                      HDFC
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13. Anmol Rewardz                                                 KVB
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14. Yes Rewardz                                                      Yes Bank
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15. HSBC Rewardz Program                                   HSBC



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