This Independence Day banks have rolled out various cash back offers luring a wide range of customers. Number of leading banks of the country – Axis bank, HDFC bank, State Bank of India joined hand with several famous retailers to offer amusing cash back offers.
The banks have tied up with Lifestyle, ONLY, Pantaloons, Spencer's etc and are offering discounts and cash backs leading to surge in sales for both retailers as well as the banks. There are ample numbers of tech savvy customers majorly using credit cards for making purchases; the bank offers them exclusive offers on credit cards.
The axis bank in association with pantaloons is offering 5% cash back on the use of Axis bank credit card. Spending on credit cards rose by 30 per cent to 15,027 crore.