HDFC is offering HDFC EasyShop Gold Debit card. They are offering 1% cash back on merchant shopping outlets and on online shopping with maximum cash back of Rs. 750 per month. Should I fall for it?
The card has utility for those who are habitual of shopping/ spending using cards and their monthly bills are on higher side. For example, if your monthly purchases using this card are Rs. 50,000, you will get cash back of Rs. 500, i.e. Rs. 6,000 annually. Deducting annual fee of Rs. 500, you will still get a benefit of Rs. 5,500. Try with it!