ICICI customers, did you know that your debit cards are
capable of helping you in many ways than just getting swiped? Not only do you buy things for the money you
earned, you also get to buy things for the money you spend. This is almost like
recycling. Most of the banks offer this facility only for credit cards but
ICICI has been providing this for debit cards too for a long time now.
Payback, formerly known as imint is in collaboration with
ICICI. The money you spend either by swiping or through net banking is
accumulated as points in Payback which has a number of gifts that can be
redeemed against your accumulated points. Say you have 4000 points, Payback has
a number of gifts categorised for you to choose among them. The categories of
gifts in Payback are home & Decor, Electronics, Apparel, Accessories etc. Choose
your desired gift and click “Redeem points”. And there, your gift reaches you
in about a week well packed and well notified.
You can also plan for a higher price gift and keep aiming
for that product by accumulating the points. Or, if you are not interested in
the gifts that is listed there or if you think that your accumulated points is
not worthy enough for the gifts present, you can go for the vouchers. They
offer Fabindia, Addidas, Lifestyle gift vouchers worth Rs.1000 for 4000 points.
Certainly these are the best selling ones.
All you need to do this is to check if your payback card is
linked with your account. If not do it right away. I recently noticed that
ICICI site has included “Reward Points” tab through which you can view the
points accumulated in your Payback account till now.
Other banks offer this type of redemption facilities through
their credit cards. I have gone through the Citibank redemption catalogue and
found it interesting. Most of them are gift vouchers.
Guess that was useful!
Happy spending, Happy swiping! :)
