Credit cards have become a part of our lifestyle as they offer great deals and discounts on everything
your daily needs, so you can save on your expenses without compromise. If you enjoy shopping from your favorite brands, a co-branded store credit card could be a good option for you:
1. Amazon Pay ICICI Bank Credit Card
Participation costs:No participation fees
Main features:
- Get a 7.5% discount up to Rs. 750 on every transaction on Myntra
- Enjoy 5% cashback up to Rs. 1,000 per month on partner brands including Swiggy, PVR, Cleartrip & Urban Company
- Enjoy 1.25% cashback on all other payments
- Avail 2 free PVR tickets, each worth Rs. 250 after completing Rs. 50,000 quarterly issues
- Enjoy a 1% fuel surcharge waiver worth up to Rs. 3,500 annually on transitional amounts between Rs.500 and Rs. 3,000
In conclusion, co-branded credit cards offer you great bonus, rewards and other privileges on the partner brands. However, also keep in mind that these credit cards offer limited options to get other benefits compared to other regular credit cards.
You should also understand that with co-branded credit card offers, you may be tempted to spend more than you actually need to earn reward points and reach milestones.
This could leave you with a hefty bill that you can also afford to pay back, putting you in a debt trap. Therefore, you should always evaluate your financial situation and whether or not you really need the credit card so that you can make a wise decision and avoid unnecessary charges.
(Note: the list is indicative and not exhaustive. Check the banks’ websites for the latest updates on these cards)
