WordsCashback
CB
Short for cashback: a card’s rewards paid as money instead of points. HDFC Bank’s MITC, for example, credits it to the card account, from cashback offers or from points turned into cashback, and sets it against your next statement; it doesn’t count as paying the bill that’s already due.
It can be capped, and HDFC Bank’s MITC caps its Swiggy card at ₹3,500 of cashback a statement cycle. When a co-branded card’s partner advertises a cashback, RBI’s rules make the bank responsible for paying it on time, and liable if it’s late or doesn’t come.
Where this comes from
- HDFC Bank, Key Fact Statement cum MITC for Credit CardsVersion 4.12, 30 September 2026: Part I, I) reward points and cashpoints, cashback paragraphs and item z
- RBI, Credit Cards and Debit Cards: Issuance and Conduct Directions, 2025Paragraph 60, as updated 1 October 2026
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RP
Reward points
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A four-digit code for the kind of shop you paid. Rewards often depend on it, and a spend coded differently can earn nothing.
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A spend target with a reward
A bonus for spending a set amount in a month, a quarter or a year: points, a voucher or a membership.
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What happened to members, not financial advice. Offers change, so check with the bank. Terms of use