Wednesday | 21 October 2020 | 4 Rabiul-Awal 1442
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Fatwa Answer

Question ID: 1173 Category: Dealings
Cash back and Opening bonus permissibility on credit card

I am thinking about opening a credit card it's from a major bank that does deal with interest and was wondering the credit card they are offering that has

  • No annual fee
  • No interest for 15 months 

but upon opening offers 1-5% cash back for every purchase and a $200 opening bonus

(It's the chase freedom unlimited)

 Am I allowed to use the cash back and spend the $200 opening bonus for either myself or charity? 

الجواب وباللہ التوفیق

It is allowed to use a credit card if it does not involve interest.  

Issuance of credit card from the bank and its offer of discounts on purchases, falls in the fold of bonus/ reward, hence its use is allowed.

However, if your needs can be satisfied without the use of a credit card, it is better to avoid it.

’’ھکذا فی فتاویٰ عثمان ‘‘(جلد سوم کتاب الرباء والقمار والتأمین وفتاویٰ دارالعلوم دیوبند)

فقط واللہ اعلم بالصواب