Terms & Conditions for Pay by Rewards

• The Cardholder can chose to pay for a transaction at POS using the available reward points balance on his Credit Card account.
• The value of each reward point is Rs.0.75.
• The Cardholder will need to accumulate a minimum of 500 reward points to use 'Pay by Rewards' option.
• If the Cardholder does not have sufficient reward points balance to adjust against the transaction value, however has met the criteria of minimum 500 reward points balance, we will redeem the available reward points and balance outstanding will be payable by the Cardholder.
• Pay by Rewards option is not applicable for cash withdrawal transactions.
• Request for Pay by Rewards will not be acceded if the card status is blocked/cancelled. In such a situation, the transaction will be billed to the Credit Card account and payable by the Cardholder.
• Pay by Rewards option is not applicable to e-commerce, IVR & MOTO transactions