Over the past few years, there has been a significant rise in the number of UPI users. It has become a go-to online payment option for millions of Indians. From making payments for your utility bills and recharging your mobile and DTH to receiving money to shopping online and even offline, the digital payment system has been widely accepted. And with the help of UPI new apps, users can even save some while making transactions through cashback, exclusive rewards and promotional offers. But most of the users miss out on these benefits due to lack of awareness.
In this guide, we’ll share expert tips to maximise your rewards using UPI with reasons why these offers matter the most.
Why do UPI Cashback and Rewards Matter?
Here are some of the common reasons why UPI cashback and rewards are beneficial to users:
- The cashback and rewards by UPI on wallet apps make the online payment process even more appealing and promote a cashless economy.
- UPI allows users to save money while making payments and reduce the amount paid on several costs.
- Different UPI apps offer different rewards and cashback deals, helping users make a comparison and choose the one that best suits their situation.
- The UPI apps even offer referral programs, allowing users to earn and save money by referring the app to their friends and family.
How to Maximise UPI Cashback and Rewards?
Let’s explore some of the pro tips to maximise your cashback and rewards on UPI transactions:
- Choose the Right UPI App: Not every UPI app provides offers and rewards that can help you save money. Some of the top UPI Lite payment apps partner with banks, e-commerce sites, restaurants and brands to provide exclusive deals to their users. Check and compare your options to choose the one that offers the best deals and helps you save money.
- Increase UPI Usage: Regular customers are often rewarded with better deals and earn loyalty points. If you make every transaction, like paying bills, recharging your phone, and buying groceries from one platform, then you can get exclusive deals and promotional offers better than others.
- Use Welcome Bonus and Referral Rewards: UPI new apps offer welcome bonuses to their first-time users. Even if you recommend someone, they’ll allow you to earn extra cashback.
- Look Out for Scan and Pay Offers: Take advantage of QR codes and other additional benefits. Several online platforms offer exclusive scans of the code and earn cashback at partner stores.
- Link Your UPI Wallets for Extra Benefits: Many online UPI platforms offer extra and exclusive benefits to users who have successfully used the UPI digital wallet.
Key Considerations
Don’t forget to consider these points when using UPI for cashback and rewards:
- Check the transaction limit of the offers, as some of them are only applicable to transactions above a specific amount.
- Read the terms and conditions of the offers provided by the UPI new apps. Pay special attention to the transaction limit and the expiration date.
- Various cashback offers are valid on selected platforms. Make sure you choose the one that offers the maximum benefit.
- If you use multiple UPI accounts, then compare the deals before making a purchase.
- Double-check the details before you make a UPI payment to avoid fraud.
Final Thoughts
Using the UPI apps smartly can help you save money while making payments from the comfort of your home at any time. With trusted UPI new apps like Bajaj Finserv, users can make quick and easy transfers and earn multiple cashback and reward offers on their transactions.
So, make sure you start applying the above tips, consider the specific points and save money on your everyday expenses.
