Shopping has become more affordable with reduced tax rates on items like ACs, refrigerators, and cars under GST 2.0. This change will be effective from September 22nd. By choosing the right Credit Card during the festive season, customers can double their savings by availing Instant Discounts, Cashback, and Rewards.
GST 2.0 on Credit Cards: The GST Council, in its recent meeting, has reduced tax rates on several consumer goods, including ACs, refrigerators, and small cars, which will come into effect from September 22, 2025. This will significantly benefit customers during the festive season shopping. Furthermore, using the right Credit Card will enhance opportunities for additional savings. Options like SBI Cashback Card, Tata Neu HDFC Card, HSBC Cashback Card, ICICI Amazon Card, and Yes Bank-FinBooster Card will offer customers a double benefit on shopping through Instant Discounts, Cashback, and Reward Points.
SBI Cashback Card
- The SBI Cashback Card is an excellent choice for shopping.
- It offers 5% Cashback on online spending.
- It offers 1% Cashback on offline spending.
- The Card's renewal fee is waived if you spend ₹2 lakh in a year.
This card is particularly popular among online shoppers as it provides the most benefits on digital purchases.
Tata Neu HDFC Bank Credit Card
- This Card offers significant benefits on Tata Brands and Partner Companies.
- You get 5% NeuCoins back on non-EMI spending on Tata Neu and Partner Tata Brands.
- You get 1.5% NeuCoins on spending on Non-Tata Brands and any EMI transactions.
- You also earn 1.5% NeuCoins on UPI spending, capped at a maximum of 500 NeuCoins per month.
If you utilize Tata's stores or their online services during the festive season, this Card will prove to be the most beneficial for you.
HSBC Cashback Credit Card
- This Card is advantageous for all types of shopping and travel.
- It offers 10% Cashback on dining, food delivery, and grocery purchases.
- It provides 1.5% Unlimited Cashback on all other expenses.
- Get a 10% Instant Discount on a minimum spend of ₹4000 on Myntra Luxe.
- Enjoy up to 35% off on Samsung Products.
- Benefit from up to 25% off on domestic and international flights, and up to ₹40,000 off on holiday bookings.
If your plans for the festive season include both shopping and travel, this Card will offer benefits across the board.
ICICI Amazon Credit Card
- This Card is specifically designed for Amazon shoppers.
- Amazon Prime members receive 5% Cashback on shopping on Amazon India.
- Non-Prime members get 3% Cashback.
- You earn 2% Cashback on transactions with Amazon Pay merchant partners.
- 1% Cashback is provided on all other payments.
- Enjoy a 10% discount on domestic flight bookings and up to 45% off on hotel bookings.
If you are planning your festive shopping on Amazon, this Card could be a great deal for you.
Yes Bank–BankBazaar FinBooster Credit Card
- This Card offers benefits in both reward points and travel discounts.
- Earn 10 points (5x rewards) on every ₹200 spent on online dining.
- Earn 6 points (3x rewards) on every ₹200 spent on online groceries and clothing shopping.
- Earn 2 points on every ₹200 spent on other retail purchases.
- Get up to 20% off on flight, hotel, and bus bookings on GoIbibo.
- Enjoy a 25% discount on flight, hotel, and bus bookings on EaseMyTrip.
This Card provides various benefits for those who are active in both travel and online shopping.
Double the Joy this Festive Season
The festive season is always a major shopping period. This year, due to GST 2.0, big-ticket items like electronics and automobiles have become cheaper. In such a scenario, using the right Credit Card can further enhance savings.
