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Credit card rewards scaled back: This festive season, don’t expect bumper rewards & cashbacks on card spends; here’s why
Banks have scaled back credit card perks, including reward points and cashbacks, during the festive season. The move is aimed at increasing profitability in the loan segment as banks strive to gather deposits after recent interest rate hikes.
Banks have scaled back credit card perks, including reward points and cashbacks, during the festive season. The move is aimed at increasing profitability in the loan segment as banks strive to gather deposits after recent interest rate hikes. 
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