When was the last time you traveled to a nearby shop on foot to get your mobile recharge done? Or when was the last time you had to wait the whole night to recharge it the next day? Well, these times are long gone now.
With the onset of digitalization, everyone around us has an internet-enabled smartphone. Thanks to a network company that changed the entire game around five years ago. Nowadays, one simply has to download an application that works as an all-in-one platform.
Personally, I’ve been using the Bajaj Finserv application for around ten months now, and it has led me to uninstall all other UPI apps on my phone. One of the best recharge cashback app this app offers recharges for almost everything. From my smartphone to my residence’s electricity, everything is available on a single platform.
What is cashback?
Before getting into technical terms, I’d share my experience here. So, basically, cashback is best understood as freebies after every recharge is done. Like every three months, I recharge my smartphone via the Bajaj Finserv app. As soon as the recharge is successful, the company offers some money as cashback, and if not, there are some kinds of coupons or rewards offered. So, when you initiate such transactions via a recharge cashback app, you’ll be rewarded after every single payment, which ultimately hooks you to it for longer.
Cashback is a type of reward that lets you earn cashback from your spending. Some applications offer a standard percentage of cashback on all purchases or a higher level of cashback in select categories. Now, there may be standard bonus cashback categories, or there may be rotating categories that earn a higher percentage of cashback at certain times of the year. Remember, there might also be a cap on how much cashback one earns.
How does cashback work?
Unlike those traditional rewards points, which are only used to buy goods or services, cash-back rewards offered by a recharge cashback app like Bajaj Finserv are what their name implies: cash. Undoubtedly, cashback provides cost savings for consumers when they make eligible purchases.
Although it may seem that a company that offers cashback rewards might be losing money on a transaction, that is not necessarily true. In a cashback transaction, the company would share a portion of the transaction fee generated from the merchant with the consumer.
It is a well-known fact that cashback has worked significantly to pull more and more toward digital transactions. But, have you witnessed anyone benefiting after making a cash payment physically? Well, the merchant won’t offer you a cashback here. Who doesn’t love some freebies?
The Bajaj Finserv application, which I use, is an all-one platform. (I’m not promoting any brand here and sharing my personal experience). It offers all kinds of payments in a single place. Since the day I downloaded this application, I’ve downloaded all the other apps from my smartphone.
Not only this recharge cashback app has made things super easy for me, but it also saved me a lot of smartphone storage. So, this application is highly recommended.