How to take real advantage of UPI user cashback and reward points?

Best UPI Offers: Unified Payment Interface (UPI) apps are currently offering cashback, coins and reward points in a big way. For this reason, every user wants to know how to take real advantage of these offers? To understand a reward offer, it is not enough to just look at the cashback percentage, but it is important to know the coin-to-cash value i.e. the actual value of a coin. Apps show 1 to 2% cashback, but the actual payment depends on how much value their coin holds.

Some platforms keep 1 rupee for 1 coin. In some, the price of 1 coin may be 0.40 paise. For this reason, this difference matters a lot in big transactions. If you want quick cash, then instant cashback. If you want more benefits on big purchases, then you want vouchers or discounts. It always proves beneficial to compare the offers of different apps before making a big purchase.

Which expenses get more rewards?

Experts say that the same reward is not available on all expenses. Most apps give more rewards in categories like travel, shopping, dining, movie tickets. Some apps also offer high rewards on electronics, fashion, subscriptions and food delivery. At the same time, rewards on essential expenses like electricity bill, mobile recharge, water bill are very less. But, some apps also give good cashback on bill payments, because they get commission on these transactions. Online shopping is also a category where traders offer additional discounts on UPI payments. So that the cost of cash on delivery and returns can be reduced.

What precautions should be taken while taking rewards?

Use only trusted apps, do not give unnecessary permissions, do not share UPI PIN with anyone and keep your phone and apps updated.

Also read: Now UPI will work without internet, know how you can send money

Why does UPI app offer?

UPI apps offer offers to attract customers to their platform, increase digital transactions, stay ahead of the competition and gain customer loyalty. This includes cashback, reward points and discount coupons, so that users use the app again and again and make digital payments their daily habit. This strengthens the digital payments ecosystem for merchants and users.