Cashback up to Rs 15,000 available on Rupay card, avail benefits like this. Rupay has introduced a special cashback offer for all its international Rupay JCB debit and credit cardholders. The benefit of this offer will be given only to people traveling abroad.
Customers using RuPay JCB Debit and Credit cards can now avail 25% cashback on purchases made at retail stores in eight countries – Indonesia, Malaysia, Singapore, Sri Lanka, Thailand, Vietnam, Spain and the United States. RuPay has joined hands with JCB International Company Limited for this special offer.
NPCI, the government agency issuing RuPay cards, said in its press release that this offer can be availed between May 1, 2024 and July 31. Under this offer, you can get a maximum cashback of up to Rs 3,000 per transaction. You can avail a maximum cashback of up to Rs 15,000 during the offer period. Keep in mind that this offer is only available for in-store purchases. That is, when you go to the store and buy. Only then they get benefit.
When you are traveling abroad, you should know how Tax Collection at Source (TCS) will be charged on your international debit and credit card payments. If you spend more than Rs 7 lakh in a year from your debit card abroad, you will have to pay 20% Tax Collection at Source (TCS). However, credit card payments are not under the purview of LRS. For this reason, no TCS will be charged on international credit card payments.