Glossary term
Reward Redemption Fee
A reward redemption fee is sometimes charged for redeeming reward points for cash or vouchers, typically Rs. 50 to Rs. 100 per redemption.
Related terms
- Reward as Income
Treating rewards as taxable income.
- Reward Catalogue
A list of items redeemable with points.
- Reward Churning
Maximising rewards via repeated applications.