This festive season brings a variety of offers that provide handsome rewards to the consumers. Higher deposit rates and lower lending rates have been accompanied by cash back offers in this season.
Corporation Bank has introduced a Cash Back Scheme for a period of 100 days on the usage of the Bank's Debit, Credit and Campus cards. This scheme comes under special influence of festival season.
The bank offers a cash-back off upto 5% on purchases made through Credit Cards, Campus Cards and Debit Cards of Corporation Bank. This scheme is available from October15th 2008 to January 22nd 2009.
This offer is only valid for domestic Point of Sale and Internet transactions. Transactions made through ATMs, Funds transfer, NEFT, VISA money transfer, LIC premium payments and Mobile recharge transactions done through ATMs will not be able to enjoy this facility of cash-back.
Transactions through debit card and campus card in the amount range of Rs 501 to Rs 1000 will get 1% off. Transaction amounts between Rs1001 and Rs 5000 will get cash-back of 1.5% where as Rs 5001 and above range will earn a cash-back of 3%.
On the other hand credit card transactions upto Rs 2500 will not be given any cash back and transaction amount above Rs 2500 will get an off of 2%.
All internet transactions made through credit card, debit card and campus card will be given a 5% off irrespective of the transaction amount.
All Debit Cardholders, Credit Cardholders and Campus Cardholders of Corporation bank will be eligible for the cash back. Maximum cash-back is Rs.1000 per card and it accrues to both Primary and Add-on cards separately. The maximum limit is Rs.1000 per Primary card and Rs.1000 per Add-on Card.
Also the card should be used atleast 5 times during the offer period to be eligible for cash-back. Credit cards in default will not be getting any off in their transactions.
The entire cash-back amount will be credited to the users account at the end of the offer period.