The <keyword id="6354813" type="COMPANY" weightage="80" keywordseo="nifty">Nifty</keyword> consolidated around the 8,442 levels with the Index losing 10 points in trade today as traders remained bullish on the near term prospects of the market. Nifty's Advance Decline Ratio was at 12:13 with Bharti Airtel and BPCL hitting fresh highs on the Index.

	 The top gainers on the Nifty included auto ancillary giant Bosch, Kotak Bank, ahead of its bonus issue adjustment and Idea Cellular. whereas <keyword id="6354298" type="ORGANIZATION" weightage="80" keywordseo="stocks">stocks</keyword> that lost ground included Tata Motors, Tech Mahindra and Hindalco. Meanwhile on the <keyword id="6484188" type="CITY" weightage="80" keywordseo="Sensex">Sensex</keyword> the <keyword id="30335" type="ORGANIZATION" weightage="80" keywordseo="Shares">shares</keyword> that posted gains were Mahindra &amp; Mahindra, Bajaj Auto and Axis Bank while Cipla, ONGC and Vedanta fell on the 30-share index, which closed 75 points lower at 27,946. 
	
		The Bank Nifty shut shop unchanged at 18,580. The CNX IT Index fell 0.3 percent to 11,180 while mid-priced stocks saw some positive action. The CNX MidCap Index added 0.8% to 13,313 points and the CNX Media Index was up 1.2 percent to 2,256 points.
	 
	
		Stocks that saw positive action included Oil marketing companies that gained ground on expectations that the ongoing reforms in the sector will yield good results within a year. Japanese brokerage Nomura raised its price target on Indian Oil Corp.
	 
	
		Agri and irrigation related stocks were in demand after the government announced a 50,000 crore rupees allocation, over five years, to boost irrigation in the country.

 
(Image credit: Indiatimes)

Know how the Markets fared today

<ul><li>Indian regulations are far more stringent, well designed, and keep investors’ interest as a priority compared to the US’s capital market regulations.</li><li>On Indian exchanges, you can short stocks for intraday without borrowing from SLB platform. But such positions can’t be held overnight</li><li>Unlike in India, where SLB is relatively new and not active, it is a huge market in the US. Many large short-only hedge funds identify and short companies that aren’t doing well without using F&amp;O, simply shorting the stocks directly.</li></ul>I guess you have read the headlines from the US on how retail traders are causing a “short squeeze” in stocks like <keyword id="363661" type="COMPANY" weightage="20" keywordseo="GameStop">GameStop</keyword>, AMC entertainment, etc. If you haven’t, check this article by <a href="https://finshots.in/archive/gamestop-reddit-retail-investors/">Finshots</a> that explains this well. We have been getting a lot of questions around shorting, and if a short squeeze of this scale can happen in stocks listed on Indian exchanges. It cannot, and below, I explain why. Quick intro to Stock lending &amp; borrowing (SLB) Many people who invest in the markets think that the only way to profit is buying stocks that have the potential to grow with an expectation that if the companies do well, the prices will also go up. This buying of stocks is also called going “long stocks”. While most of us invest or go long stocks, there is a small community of active traders who do the opposite. They identify stocks that are not doing well and bet that the stock prices will go down. The trade is to first sell a stock at the current price (yes, sell a stock without owning it) and then buy it back at a lower price, when it falls, and pocket the difference. You sell a stock that you don’t own by borrowing the stock from someone and then selling it in the market. When the price goes down, you buy it back and then return the stock to the lender and profit. Of course, you can lose money if the stock price goes up instead of down as you would have to buy it back at a higher price. Someone will lend you the stock because the borrower will pay a fee for that and in the process, the lender earns an additional income from their stock holding. Of course, a lender will lend the stocks only if their intention is to hold it for the long term and not sell it within the period for which the stock is lent. This mechanism of lending and borrowing stocks is called Stock Lending and Borrowing or SLB. It was introduced in India in 2008 and activity on the SLB platform only started picking up in 2018 when the regulator permitted rollover of stocks lent upto 12 months (minimum 1+11 months). Shorting on Indian exchanges On Indian exchanges, you can short stocks for intraday without borrowing from SLB platform. But such positions can’t be held overnight as you would be required to deliver the stocks for short positions held into the next trading day. While there are many short trades in stocks taken on an intraday basis, almost all overnight short positions are done using futures and options and not SLB, where traders bet on indices or stocks going down. Here are a few reasons: F&amp;O was introduced in 2001, so it had almost a 12-year head start to SLB, which started seeing the first bit of activity in 2013. Leverage (the ability to trade for more than the capital in hand) is inherently available with F&amp;O as a product. Also, with options, you have the flexibility to set up various trading strategies, and not just naked shorting like with SLB. Until recently, all F&amp;O contracts were cash-settled, which meant that they were simpler to trade than SLB where securities have to move between various accounts. In the exchange business, liquidity chases liquidity. F&amp;O contracts have a lot more liquidity than SLB, so by default, traders prefer to trade where the liquidity is higher as the impact costs tend to be much lower. But that said, there are a few benefits of trading on the SLB platform as well. In F&amp;O you can trade only in multiples of minimum lot size, but in SLB you could borrow and sell as low as a single share of a company. There are around 140 stocks that trade on F&amp;O, but the SLB platform has almost 350 stocks. So if you had to short stocks which are not on F&amp;O, the only option is SLB. F&amp;O contracts have a maximum validity of 3 months. You would have to bear a rollover cost (exit existing and enter the next 3-month contract). In stock F&amp;O contracts, the 3rd-month contract usually never has any trading volume, so you would need to roll over a contract almost every 2 months, which would be very expensive for long term short positions. In SLB, if you find a borrower who is willing to lend, you can borrow and sell stocks and hold a short position for upto 12 months without worrying about rollover costs. Lenders can earn an additional income on their long term portfolio and is an added incentive to participate. Because of these reasons, one might assume that there should be enough interest in the SLB platform to see activity. But there have been a few deterrents. Firstly, the lender’s income is qualified as “income from other sources”, so people lending will have to file using ITR3 and may need audits. Whenever there is a corporate action like rights and bonus issues, there is a forced closeout of the position. Finally, the product is complex in terms of back-end operations compared to F&amp;O, and brokerage firms still don’t have systems to scale this. At <keyword id="759851" type="COMPANY" weightage="20" keywordseo="Zerodha">Zerodha</keyword>, we are working on offering the SLB platform to all our customers in the next few months. Shorting on US stock exchanges Unlike in India, where SLB is relatively new and not active, it is a huge market in the US. Many large short-only hedge funds identify and short companies that aren’t doing well without using F&amp;O, simply shorting the stocks directly. I had written this post a couple of years back, comparing Indian brokerage industry to the US. Here is an excerpt from that post that talks about differences in how security lending works in the US compared to India. How there is an incentive for brokers to lend securities, which has helped grow that market. Securities Lending The structure of our depository system, like our payments system, is a newer and advanced system as compared to the US. This is mainly because India didn’t have a legacy when we went online in the 1990s. We have depositories like NSDL and CDSL where we hold demat accounts that remain unaffected even if a brokerage firm goes into trouble. In the US all securities are essentially held in book or street name with the respective brokers, what they call a “books and records system”. This means the securities are all held by brokers. This also allows the brokerage firm in the US to lend these securities to people looking to short stocks or borrow for various trading strategies and earn an additional source of income (Unlike India, borrowing stocks to short is extremely popular in the US). The earning potential for these stocks held by the broker is typically based on the number of people wanting to short the stock. For example, early this year, when Marijuana stocks were moving wildly, there were periods of time where one could earn as much as 100% or more annualized returns just by lending these stocks. Regulations in the US mandate the brokerages to share some of the lending fees with the person who owns the stock, but the entire thing is quite opaque to the customer. Most never get to know how much was earned. In India, brokers can’t lend securities as they sit in the clients’ demat accounts with the depositories. Also, with the new set of regulations that came out on the 1st of Oct 2019, even securities bought by a customer that are unpaid for, cannot be pledged. Also, India does not have an SLB platform where clients can participate directly, and know the exact lending fees being earned. Shorting stocks – India vs the US Indian regulations are far more stringent, well designed, and keep investors’ interest as a priority compared to the US’s capital market regulations. This is also because of fewer legacy issues compared to the <keyword id="123399" type="ORGANIZATION" weightage="20" keywordseo="US-markets">US markets</keyword>. While some of the exchanges are quite old, all our capital market regulations are quite new and were created after the 1991 capital market reforms. Another reason for lax regulations in the US is the existence of powerful lobbies. A short squeeze or a stock going up forcing shorts to cover their positions by buying back stock which adds even more momentum on the way up can happen to any stock where shorting is allowed. But what we see in some of the stocks like Gamestop, AMC, are glaring loopholes left open by the US regulators. In some of these stocks, the total quantity of stocks shorted (stocks borrowed and sold + using derivatives) is much more than the free float or the total number of shares held publicly. Allowing such large speculative positions is quite ridiculous and a recipe for disaster. While everyone is celebrating retail traders winning over a large hedge fund in this case, it rarely ever plays out this way. Most commonly, retail ends up losing money when there is excessive speculation. In India, we have something called market-wide position limit (MWPL) where the maximum net position allowed in any stock is 20% of free float, both in F&amp;O and in SLB. The maximum allowed per client is 5% of open interest or 1% of total free float. Such position limits ensure that the chances of anomalies that can cause crazy spikes up or down, like what we are currently seeing in some US stocks, reduces significantly. But that said, a lower maximum position limit also comes with its own issues. There have been allegations in India that groups of traders move stocks to ban period (no new positions possible to be added) by buying deep OTM options at very low costs on certain low free float stocks. With no new positions allowed, any spike in the underlying stock price might exacerbate the move by forcing those stuck in a position to cover their shorts, causing a spike in the stock prices. The 5% OI on individual holdings makes this tougher to execute, and there are regulations to punish people who act in concert. Should shorting a stock be allowed at all? This is a philosophical question, and there are both for and against arguments to be made. I am for it because it enables better price discovery of a stock. There have been many occasions where short-sellers have identified potential frauds and ensured that such stock prices don’t go up. Additionally, those who hold short positions usually come to the rescue when there is a free fall in price, and there is no demand to buy a stock. A short position profit-booking by buying back the stock tends to add some support to the fall, reducing volatility. The flipside with shorting is that promoters of listed businesses have to also keep a much closer watch on the stock price. Apart from large short traders, it is possible to have competitors of a company trying to hurt the business by attempting to force the stock price down.

The founder of India’s largest broking firm argues that Gamestop-like chaos would never happen in India

Distressed by the snail-pace functioning of the tax department, industry body <keyword id="6355988" type="CITY" weightage="20" keywordseo="Assocham">ASSOCHAM</keyword> has requested the finance ministry to ensure that tax returns filed by tax payers are processed expeditiously. 
	 “While the taxes which are due from the taxpayers are recovered expeditiously and at an appropriate time, but at the same time it is equally important that taxes which are due to the taxpayers should be refunded expeditiously,” said <keyword id="547365" type="ORGANIZATION" weightage="20" keywordseo="DS-Rawat">DS Rawat</keyword> secretary general of the chamber. 
	 
	He has urged that the department must process the returns with a stipulated time period of 10 days. “Despite online filing of return, a period ranging from six months to more than two years are being taken for processing of tax returns with the result that not only the refund due to the taxpayer gets delayed but also the tax demand due on basis of return to the taxpayer also gets delayed,” Rawat. 
	 
	Comparing the tax department with the stock exchanges, the chamber pointed out that despite countless transaction happening in a day online, various stock exchanges successfully maintain ledger account of securities held, dividend paid, bonus issue as well as process them in T+1 mode (transaction day plus one day). 
	 
	“This will go a long way in addressing the taxpayers’ grievances and also expediting in filing the return of income. The public perception is that refunds are delayed in order to meet revenue targets set up in the Budget and as such the tax authorities particularly in the month of March build undue pressure on taxpayer to deposit tax and do not release the refunds,” stated Rawat. The chamber has urged the finance ministry to make taxes a taxpayer-friendly and fair regime.

ASSOCHAM Urges Finance Ministry To Expedite The
Tax Return Process

Shares of <keyword id="2188852" type="UNKNOWN" weightage="100" keywordseo="Just-Dial-Ltd-">Just Dial Ltd.</keyword>, an Internet-based search website, surged 12.4 percent to 918.40 rupees after the company unveiled a new mobile phone-based application that is expected to drive more traffic to the site compared with just desktop-based access. 
 
KESORAM INDUSTRIES: Shares of Kesoram Industries Ltd., a diversified company, rose 4.1 percent to 106.40 rupees on news that the company had sold one of its divisions making tyres to larger rival J K Tyre &amp; Industries Ltd. for an enterprise value of 2,200 crore rupees. The proceeds will be used to cut debt, Kesoram said. 
 
VIVIMED LABS: Vivemed Laboratories Ltd., a pharma company, added 4.3 percent to 306.65 rupees after it announced its plans to sell a part of its specialty chemicals business for 380 crore rupees. 
 L&amp;T FINANCE HOLDINGS Ltd.: L&amp;T Finance, a mid-sized <keyword id="6355260" type="CITY" weightage="100" keywordseo="NBFC">NBFC</keyword>, rose 4.5 percent to 66.95 rupees on media reports that <keyword id="34499" type="POSITION" weightage="100" keywordseo="private-equity">private equity</keyword> investor Bain Capital was interested in buying a minority stake in the lender in a bid to benefit from firm credit growth in the sectors addressed by L&amp;T Finance. 
 
ASIAN PAINTS Ltd.: India's top paints maker gained 2.3 percent to 834.90 rupees on news the company was consolidating its overseas operations into a single, wholly owned subsidiary. 
 <keyword id="45179" type="CITY" weightage="100" keywordseo="NTPC">NTPC</keyword> Ltd.: India's top power producer was the top gainer on the <keyword id="6354813" type="COMPANY" weightage="100" keywordseo="nifty">Nifty</keyword> on news that two of its power plants, under maintenance-related shutdowns, would begin production from October 1st. The stock rose 4.2 percent to 124.70 rupees. 
 
VENKEY's INDIA: The nation's top egg provider jumped 13 percent to 484 rupees after it announced a bonus issue in the ratio of 1:2. 
 
AMTEK AUTO Ltd.: The auto ancillary maker surged 12 percent to 54.15 rupees, gaining for the second day, on expectations that its huge debt pile will be restructured for it to restart interest payments 
 
(Image credits: afaqs)

Launch of a new app worked in favour of Just Dial at the markets today

<div class="KonaFilter image-container display-table lead-image-small"><div><div class="image on-image">Associated PressIf you're booking a stay at a Hilton property like the Grand Waikikian at Hilton Hawaiian Village, see if you're eligible for a bonus points promotion.&#xa0;(AP Photo/Caleb Jones)</div></div></div><ul class="summary-list"><li>I earn more than <a href="https://www.businessinsider.com/cards-in-my-wallet-earn-million-points">one million points per year,</a> in part thanks to cards like the <a href="https://thepointsguy.com/card-hub/chase-freedom-unlimited/?utm_campaign=bi_11042019_aa_earn-rewards-without-cards&amp;utm_source=referral" rel="nofollow">Chase Freedom Unlimited</a> and the <a href="https://thepointsguy.com/card-hub/hilton-honors-american-express-aspire-card/?utm_campaign=bi_11042019_aa_earn-rewards-without-cards&amp;utm_source=referral" rel="nofollow">Hilton Honors American Express Aspire Card</a>.</li><li>But if you already have all the <a href="https://www.businessinsider.com/best-rewards-credit-cards">rewards credit cards</a> you can handle or if you prefer to steer credit cards in general, you still have options for earning points and miles. </li><li>Earning a <a href="https://www.businessinsider.com/best-current-credit-card-signup-bonuses">credit card sign-up bonus</a> may be the quickest way to boost your stash of <keyword id="6354692" type="UNKNOWN" weightage="60" keywordseo="Travel">travel</keyword> rewards, but you can also rack up miles by using airline shopping portals when you make purchases online.</li><li>There are also dining rewards programs like American Airlines AAdvantage Dining that earn you bonus miles or points when you link your credit or debit card to your loyalty account.</li><li><a href="https://www.businessinsider.com/yourmoney?utm_source=bullet">Read more personal finance coverage.</a></li></ul><a href="https://www.businessinsider.com/best-rewards-credit-cards">Rewards credit cards</a> are a great way to reduce your travel costs or splurge on vacations that would otherwise be out of reach. Thanks to using cards like the <a href="https://thepointsguy.com/card-hub/chase-freedom-unlimited/?utm_campaign=bi_11042019_aa_earn-rewards-without-cards&amp;utm_source=referral" rel="nofollow">Chase Freedom Unlimited</a> and the <a href="https://thepointsguy.com/card-hub/hilton-honors-american-express-aspire-card/?utm_campaign=bi_11042019_aa_earn-rewards-without-cards&amp;utm_source=referral" rel="nofollow">Hilton Honors Aspire Amex,</a> I'm able to earn more than one million points and miles per year - and those rewards unlock a lot of travel.But what do you do when you've spent the big <a href="https://www.businessinsider.com/best-current-credit-card-signup-bonuses">welcome bonus</a> and don't want to get another credit card, aside from flying with one airline or paying for hotel stays? If you're in this position, there are still plenty of ways to earn more rewards. Here are six ways to earn more points or miles that don't involve signing up for a credit card.<h2>Shopping portals</h2>Most people shop online these days and there's no easier way to earn extra miles than through an airline shopping portal. All the major frequent flyer programs have their own shopping portals, where you can earn as many as 36 miles per dollar spent.Simply register for these portals using your frequent flyer account number and simply click through to your favorite merchants when you're ready to shop online.<ul><li><a href="https://www.aadvantageeshopping.com/">American Airlines AAdvantage eShopping</a></li><li><a href="https://www.alaskaair.com/MileagePlanShopping/SignIn">Alaska Airlines Mileage Plan Shopping</a></li><li><a href="https://www.skymilesshopping.com/">Delta SkyMiles Shopping</a></li><li><a href="https://trueblueshopping.jetblue.com/">JetBlue TrueBlue Shopping</a></li><li><a href="https://rapidrewardsshopping.southwest.com/">Southwest Airlines Rapid Rewards Shopping</a></li><li><a href="https://shopping.mileageplus.com/">United MileagePlus Shopping</a></li></ul>Around the holidays, some of these portals also offer tiered bonuses based on spending. It's worthwhile to check these portals for special bonus point promotions, so you're earring the most miles possible.If you want to save time while searching the highest shopping portal payouts, simply head over to <a href="https://www.cashbackmonitor.com/">CashBack Monitor</a>, type in the merchant's name and you will get a list of portals paying out the most points.<h2>Dining rewards programs</h2>Every once in a while, I'll go out to dinner, pay the check, then get an email notification that I earned extra airline miles through a dining rewards program. Whether you're paying with your <a href="https://thepointsguy.com/card-hub/chase-sapphire-reserve/?utm_campaign=bi_11042019_aa_earn-rewards-without-cards&amp;utm_source=referral" rel="nofollow">Chase Sapphire Reserve</a>, the <a href="https://thepointsguy.com/card-hub/the-american-express-gold-card/?utm_campaign=bi_11042019_aa_earn-rewards-without-cards&amp;utm_source=referral" rel="nofollow">American Express® Gold Card</a>, <a href="https://www.businessinsider.com/best-credit-cards-for-dining-restaurants-food">another card that earns bonus rewards on dining</a>, or even a debit card, you can earn lots of miles this way. Simply sign up with a dining rewards program of your choice and register the card you most often use to pay for meals (debit or credit).These dining rewards programs will automatically issue miles when you swipe your card at participating restaurants. All of them offer various bonuses when you join and spend a certain amount within the first 30 days.<ul><li><a href="https://www.aadvantagedining.com/">American Airlines AAdvantage Dining</a></li><li><a href="https://mileageplan.rewardsnetwork.com/">Alaska Airlines Mileage Plan Dining</a></li><li><a href="https://skymilesdining.com/">Delta SkyMiles Dining</a></li><li><a href="https://www.hiltonhonorsdining.com/">Hilton Honors Dining Rewards</a></li><li><a href="https://truebluedining.com/">JetBlue TrueBlue Dining</a></li><li><a href="https://www.rapidrewardsdining.com/">Southwest Airlines Rapid Rewards Dining</a></li><li><a href="https://dining.mileageplus.com/">United MileagePlus Dining</a></li></ul>It's important to note that while you can join all of these dining rewards programs, you can't register the same card with more than one. They're all part of the same network, so if you try to register the same card with multiple programs, your card will un-register from the previous program you linked it to.<h2>Miles-earning debit cards</h2><a href="https://www.businessinsider.com/signs-you-probably-shouldnt-be-using-credit-card">Credit cards aren't for everyone</a>, but in an increasingly cash-free world, most people need some form of card payment: That's where debit cards come in. There are currently two banks issuing mile-earning debit cards:<h3>Suntrust SkyMiles debit cards</h3>Suntrust bank offers two mile-earning debit cards, the Delta SkyMiles World Debit Card and the Delta SkyMiles Business Debit Card. Both cards come with a 5,000-mile welcome bonus issued after your first purchase. Cardholders earn 1 mile per $2 spent, which is half what you'll earn from a <a href="https://www.businessinsider.com/delta-amex-credit-card-comparison">Delta SkyMiles credit card</a>.These cards also have annual fees of $95 and $120 respectively, which also puts them at a disadvantage compared to Skymiles credit cards. However, for folks who don't qualify for credit cards or simply don't wan the responsibility, these Skymiles debit cards are a good alternative.<h3>Bank of Hawaii</h3>Bank of Hawaii has two mile-earning debit cards tied to the Hawaiian Miles program:• Bankoh Hawaiian Airlines Visa Debit Card • Bankoh Hawaiian Airlines Visa Check Card for BusinessBoth cards only earn 1 mile per $2 spent, and you need to pay $3 per month in lieu of an annual fee. There's an earning cap of 1,000 miles per month on the Bankoh Hawaiian Airlines Visa debit card. That may be a hindrance for some people, considering a free flight on Hawaiian Airlines starts at 7,500 miles one way.<h2>Airline and hotel bonus point promotions</h2>One of the easiest ways to earn more points without credit cards is to sign up for airline and hotel bonus point promotions. For example, Hilton Honors is currently running a double points promotion for hotel bookings made directly with Hilton. With just a few clicks of the mouse, you'll earn twice as many points as usual on your Hilton bookings.How do you keep up with these bonus point promotions? Make sure you're opted in to receive marketing emails from your favorite airlines and hotel chains. You'll get notified when new offers appear and all you have to do is click through and provide your rewards number register.Since marketing email can stack up, you may even want to create a separate email address linked to all your rewards accounts. That way, your point-earning activities won't interfere with your daily work and personal emails.<h2>The United MileagePlus X app</h2>The MileagePlus X app is one of the most underrated ways to earn extra miles. Simply download the app, log in with your United MileagePlus number, then check for participating merchants in your area. These include popular retailers like Starbucks, Nordstrom, Lowe's, Foot Locker, and more.When you get to the checkout line, simply enter your total due into the MileagePlus X app. You will essentially buy a gift card in the exact amount due and earn up to 5 miles per dollar spent. Simply show the code to the cashier, they'll scan it, and you're done. If you end up returning the item, you'll receive your refund in the form of a store gift card.What's really great about the MileagePlus X app is that it allows you to earn valuable United miles without having a credit card. In fact, you can link your debit card to pay for the gift card purchases or double-dip by using a United MileagePlus card like the <a href="https://thepointsguy.com/card-details/united-explorer-card/?utm_campaign=bi_11042019_aa_earn-rewards-without-cards&amp;utm_source=referral" rel="nofollow">United Explorer Card</a>. Either way, this app lets you accelerate your miles-earning at some of your favorite merchants.<h2>Earn points through partners</h2>Whether you're in the market for a new cell phone plan, hotel, Airbnb, dog sitter or looking to refinance your student loans, you can earn thousands of extra miles thanks to airline partnerships with these vendors. It's worthwhile the check the partner offers page of your frequent flyer programs to find out all the ways you can earn more miles without credit cards.We've highlighted a few below:<h3>American AAdvantage</h3><ul><li>Earn <a href="https://promo.sprint.com/Registration/DisplayLanding?LandingPartial=AAdvantageLanding&amp;ECID=AB:PP:LTPIC100:083018">up to 25,000 miles</a> when activating a new Sprint account.</li><li>Earn <a href="https://www.rocketmiles.com/aa-bonus/?utm_campaign=aa-page-extra-offers-q22019-aa-bonus&amp;utm_medium=partner-page&amp;utm_source=aa">4,000 bonus miles</a> on select RocketMiles hotel bookings.</li></ul><h3>Alaska Airlines Mileage Plan</h3><ul><li>Earn <a href="https://www.carrsqc.com/account/sign-in.html">100 miles for every $300 spent</a> at participating Carrs-Safeway locations in Alaska.</li><li>First-time Rover customers get a <a href="https://go.rover.com/alaskaairmp/">$30 credit and 3 miles per dollar spent</a> on rover.com</li></ul><h3>Delta Air SkyMiles</h3><ul><li>Earn <a href="https://www.deltalyft.com/">1 mile per dollar spent</a> on Lyft rides.</li><li>Illinois Energy customers earn a 2,500 bonus plus additional miles every month.</li></ul><h3>Southwest Airlines Rapid Rewards</h3><ul><li>Earn <a href="https://www.sofi.com/swa/?clk=3374032">up to 50,000 Rapid Rewards points</a> for refinancing your student loans through SoFi.</li><li>Earn <a href="https://www.southwest.com/html/rapidrewards/partners/home-and-lifestyle/marathon.html">1 point for every gallon of gas</a>purchased at Marathon gas stations.</li></ul><h3>United MileagePlus</h3><ul><li>Earn <a href="https://www.lendingclub.com/loans/landing/p/united-promotion?referrerId=489111&amp;partnerID=87757&amp;param2=unitedearnpage&amp;utm_medium=partner_linking&amp;utm_source=united&amp;utm_campaign=pl_evergreen&amp;utm_content=unitedearnpage">up to 80,000 miles when financing a loan</a> through LendingClub.</li><li>Get <a href="https://bizdev.quickenloans.com/rewards/partner?c=mileageplus&amp;qls=MIM_mileagep.homepagedl&amp;int_source=loy&amp;int_medium=uacom&amp;int_campaign=mpearnpage&amp;partner_name=quickenloans_link&amp;asset_type=mpearn_link&amp;launch_date=2017-08-01">25,000 miles for a home mortgage</a> through Quicken Loans.</li><li>Earn up to <a href="https://www.lifelock.com/store?promocode=19UA&amp;cid=par_united_display_19UA_alloffers_partnersite_-_-_-">13,000 miles and 20% off Lifelock</a> with Norton membership.</li></ul><ul class="read-more-links"><li>More <a href="https://www.businessinsider.com/category/credit-cards">credit card</a> coverage</li><li><a href="https://www.businessinsider.com/best-airline-credit-card-comparison-delta-united-american">What's the best airline credit card?</a></li><li><a href="https://www.businessinsider.com/best-cash-back-credit-cards">The best cash-back credit cards</a></li><li><a href="https://www.businessinsider.com/southwest-credit-card-comparison-which-to-get">Southwest credit card review</a></li><li><a href="https://www.businessinsider.com/best-rewards-credit-cards">Best rewards credit cards</a></li></ul>Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.Business Insider may receive a commission from The Points Guy Affiliate Network, but our reporting and recommendations are always independent and objective.Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/candy-corn-ingredients-made-of-gelatin-lac-resin-halloween-sugar-syrup-2017-10">Here's what candy corn is actually made of</a></h3> <div> </div> </div>

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