Special Offers on Credit Cards and Loans In this festive season

There is a rush in feel-good spending during the Navratras, and given the auspiciousness emotionally involved to purchases made during the festive season, manufacturers of consumer durables and automobiles are usually a happy bunch.

Major Players of Credit cards like SBI, HDFC, ICICI and axis bank offers best discounts and offers on dining, traveling, entertainment and shopping online. If you can buy a Smartphone online via xyz credit card then you get 5% extra cashback or 0% interest free 18 EMI’s etc.

So basically we can say during the festive season, consumer spending is at the highest and credit card transactions are usually of a bigger and increase in ticket size. Every year Festive Season see major chunk of people using or prefer credit card transactions on the place of Cash.

Example – Among the offers that Croma is making this season is a 5 per cent cash-back on all HDFC credit cards, a 5 per cent discount on Mastercard on every Thursday along with a flat Rs 2,500 cash-back on Mastercard’s 12-month EMI transactions.

Kotak Mahindra offering 10 per cent cash back at Snapdeal with its credit and debit cards. On the other side – IndusInd Bank, are offering free couple tickets for Dubai to top spenders.

Major Online players like Flipkart & Snapdeal offers huge discounts on Electronic goods on Internet. Flipkart creates history by selling 600 crore of products in a single day.

Same conditions are going with Loans – Every year Personal loan, home loans and consumer loans portfolio of every bank saw a huge surge in festive season, People prefer personal loans for vacations, luxury items etc.

Navratra’s also the best period for car buyers so in this season car sales are increased by margin and Car loans also because most of the cars are financed by banks.

India’s Major Retail bank – State bank is also offering up to 0.25 % waiver of processing charges on SBI home loans of up to Rs 25 lakh and correspondingly on higher loan amounts.

Bank of India, Canara Bank, Corporation Bank and Bank of Baroda too have waived off processing charges on home loans. In August, SBI and Punjab National Bank trimmed their home loan rates, with SBI offering women borrowers an extra discount of 0.05 per cent. ICICI Bank and HDFC had earlier snipped home loan rates by 10-15 percentage points.

So If you are looking for best deals on loans and credit cards, it’s the best time or season for you to earn more from banks and pay less.