Credit-card whizzes are beating banks at their own game

<p>For a people who were quite averse to the whole concept of credit, Indians really seem to be developing a new found love for the piece of plastic and banks have been happy to ride the wave. </p><p>But lately they've been left quite baffled because they are being being beaten at their own game. A growing community of people are constantly finding hacks to take advantage of the loopholes in credit-card reward systems. For some of them , in fact, it's going so well that they’ve turned their secret operations into lucrative businesses. Turns out they can make more money from it than their 9 to 5 jobs.</p><p>Meanwhile banks have realised they are being taken for a ride so some have taken extra security measures to keep such tricksters at bay.</p><p><em>**Correction: The credit for this story was mistakenly attributed to Gaurav Noronha whereas the actual writer is Rounak Kumar Gunjan. We apologise for the error<br /></em><br /><strong><em>Recommendation</em></strong><em><br /></em><a href="https://the-ken.com/story/credit-card-whizzes-outsmart-banks-at-their-own-game/"><em>Credit-card whizzes outsmart banks at their own game</em></a><em><br /></em><br /></p><p><em>Daybreak is produced from the newsroom of </em><a href="https://the-ken.com/"><strong><em>The Ken</em></strong></a><em>, India’s first subscriber-only business news platform. </em><a href="https://the-ken.com/pricing/"><strong><em>Subscribe</em></strong><em> </em></a><em>for more exclusive, deeply-reported, analytical business stories.</em></p><p><br /></p><p><br /></p>