Credit Card Strategy - How to get maximum benefits?

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Deal Cadet
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I have the following cards between me and my brother.

1) SBI Prime
2) ICICI Amazon Pay
3) ICICI MMT Signature
4) Kotak Essentia
5) Kotak Royale Signature
6) Standard Chartered Manhattan Platinum
7) Standard Chartered Digi Rewards
8) SBI Ola Money
9) Citi Rewards
10) Citi Indian Oil
11) RBL ETMoney Loan Pass Card
12) HDFC Millenia

Which ones to -
1) add
2) delete from portfolio.

50 Comments  |  
19 Dimers
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Deal Cadet
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1)add amex MRCC (3.5%),SBI simplyclick(7.5% on amazon)
2)everything else which is not free except citi rewards;

keep kotak essentia only if you have shopping of large amount/month

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Deal Cadet
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demerius2020 wrote:

1)add amex MRCC (3.5%),SBI simplyclick(7.5% on amazon)
2)everything else which is not free except citi rewards;

keep kotak essentia only if you have shopping of large amount/month

Can you explain sbi simply click giving 7.5 percent on Amazon

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Deal Subedar
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demerius2020 wrote:

1)add amex MRCC (3.5%),SBI simplyclick(7.5% on amazon)
2)everything else which is not free except citi rewards;

keep kotak essentia only if you have shopping of large amount/month

And how mrcc gives 3.5%?

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Deal Cadet
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insta wrote:

Normal 2.5% + 5% for shopping on amazon via yono app
@csaram1067

it’s not applicable on recharges and Bill pay

I wonder if they give 5 percent CB for mobiles (that’s not on the no CB https://cdn0.desidime.com/attachments/photos/636473/medium/Screenshot_2020-09-13-11-25-25-184_com.sbi.lotusintouch.jpg?1599976630list)

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Deal Cadet
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csaram1067 wrote:

it’s not applicable on recharges and Bill pay

I wonder if they give 5 percent CB for mobiles (that’s not on the no CB https://cdn0.desidime.com/attachments/photos/636473/medium/Screenshot_2020-09-13-11-25-25-184_com.sbi.lotusintouch.jpg?1599976630list)

Yes, for yono cashback – recharges, bill payments, gift cards and select mobiles are excluded. Mobile exclusion list gets updated regularly.

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csaram1067 wrote:

it’s not applicable on recharges and Bill pay

I wonder if they give 5 percent CB for mobiles (that’s not on the no CB https://cdn0.desidime.com/attachments/photos/636473/medium/Screenshot_2020-09-13-11-25-25-184_com.sbi.lotusintouch.jpg?1599976630list)

Still…. I can’t think of any other cc which gives max benefits for online shopping and can easily achieve annual spend limit

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billubakra wrote:

Same question.

ok now everything comes with some way and avoiding otherS, whAt i mention is the best scenario foR percentage condition, so YOU may use it in a way that it will earn 0%, so the answer should be a range of 0%-7.5% depending upon how u use it and on which product… HOW ?HOW ?HOW ?here is HOW ?HOW? HOW?

1.have a SBI a/c
2.get internet banking
3.login yono sbi website
4.redirect to amazon from clicking there
5.add product except recharges, bill payments, gift cards and select mobiles are excluded
6.check out by simplyclick
7.sbi yono redirect will fetch5%; simplyclick on amazon will fetch 2.5%

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Deal Cadet
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csaram1067 wrote:

it’s not applicable on recharges and Bill pay

I wonder if they give 5 percent CB for mobiles (that’s not on the no CB https://cdn0.desidime.com/attachments/photos/636473/medium/Screenshot_2020-09-13-11-25-25-184_com.sbi.lotusintouch.jpg?1599976630list)

when you see a way that is exlucded , its imperative that all other are included

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Deal Cadet
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Will we get 5% even on electricity bill payment on yono?

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Critic
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Kim_Jong_jun wrote:

Will we get 5% even on electricity bill payment on yono?

No. See the pic posted above for excluded categories for yono offer.

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Deal Newbie
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Decide card as per where do u spend the most..having so many cards is a headache to keep track of payments.. n if you miss….oh boy.. the bank will recover more than u have saved with them

If you r primarily shopping on Amazon – amazon ICICI + SBI are good to have. But if you are shopping on Myntra n zomato, then SC digismart is good to have… SC manhattan is good (5% cashback) if you shop for a lot of groceries directly at the stores (Natures Basket, Fine foods, Big bazaar n all)..mostly I order groceries via bigbasket and typically citi rewards + payzapp wallet gives a better deal at the comfort of my home.

You can read siddharth’s blog on credit cards n keep the ones which suit your spending pattern – https://www.cardexpert.in/author/sidd...h/

For cashback on bill payment – Use Payzapp – 5% cashback on(electricity/ rent/water) & 10% cashback on DTH & mobile bill payment (pre-paid n postpaid)
You can use HDFC Millenia to load the wallet – Gives 1% cashback .. I have SC ultimate which give me a 3.3% return. Total saving is min 8.3% on bill payments smile

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Deal Subedar
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insta wrote:

Normal 2.5% + 5% for shopping on amazon via yono app
@csaram1067

Does one need to do KYC etc on Yono to get this extra 5%??

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maxdealer wrote:

Does one need to do KYC etc on Yono to get this extra 5%??

U need sbi saving account to use yono. It uses same login as sbi internet banking

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Deal Subedar
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demerius2020 wrote:

when you see a way that is exlucded , its imperative that all other are included

It says here that 5% is NOT applicable on “all gift cards”, still it’s coming on buying amazon gift cards (someone said 7.5% effective cashback)??

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maxdealer wrote:

It says here that 5% is NOT applicable on “all gift cards”, still it’s coming on buying amazon gift cards (someone said 7.5% effective cashback)??

No, who said? For gift cards/recharges/bill payments using simplyclick its 2.5% only.

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SavvySaver wrote:

Decide card as per where do u spend the most..having so many cards is a headache to keep track of payments.. n if you miss….oh boy.. the bank will recover more than u have saved with them

If you r primarily shopping on Amazon – amazon ICICI + SBI are good to have. But if you are shopping on Myntra n zomato, then SC digismart is good to have… SC manhattan is good (5% cashback) if you shop for a lot of groceries directly at the stores (Natures Basket, Fine foods, Big bazaar n all)..mostly I order groceries via bigbasket and typically citi rewards + payzapp wallet gives a better deal at the comfort of my home.

You can read siddharth’s blog on credit cards n keep the ones which suit your spending pattern – https://www.cardexpert.in/author/sidd...h/

For cashback on bill payment – Use Payzapp – 5% cashback on(electricity/ rent/water) & 10% cashback on DTH & mobile bill payment (pre-paid n postpaid)
You can use HDFC Millenia to load the wallet – Gives 1% cashback .. I have SC ultimate which give me a 3.3% return. Total saving is min 8.3% on bill payments smile

agree with most part

for electricity bill and sometime shop payment ; amazon pay upi is better sometime . local tea cost me 15-8=7 Rs

got electricity bill discount of 16% on amazon flat upi ; bill amt was low too

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Deal Newbie
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@demerius2020
how you are getting 16% discount on elec.bill payment? there are no offers in my account.
is it user specific offer?

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complicate_simplify wrote:

@demerius2020
how you are getting 16% discount on elec.bill payment? there are no offers in my account.
is it user specific offer?

+ 1

The amazon UPI good offers have almost vanished..the only ones left are where is allows me to win between 1 -100 bucks – n with my luck i dont seem to win beyond 2 rs

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Deal Newbie
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I use amazon icici card which gives 5% unlimited cb on insurance and 1% unlimited on gold 2% on bill payment in Amazon 1% on bill payment in payzapp any how payzapp giving 5%

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srinivas07254754 wrote:

I use amazon icici card which gives 5% unlimited cb on insurance and 1% unlimited on gold 2% on bill payment in Amazon 1% on bill payment in payzapp any how payzapp giving 5%

Amazon cashback for insurance paymnet is 5% ? Are you sure ?

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complicate_simplify wrote:

@demerius2020
how you are getting 16% discount on elec.bill payment? there are no offers in my account.
is it user specific offer?

my bill was less ~200(delhi ) and it had flat 30 cashback offer for UPI electricity payment; i calculated percentage and it come around 16%

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Deal Subedar
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@mihir2812711 if you are open to credit cards with yearly fees, you can try for HDFC Diners Black.

Best card and it would replace your SBI prime and may be many other cards. Annual fees is high but waiver at 5L. So, if can spend 5L+, it will be a no brainer.

Your SBI prime is a paid card, right ?

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Deal Cadet
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srinivas07254754 wrote:

I use amazon icici card which gives 5% unlimited cb on insurance and 1% unlimited on gold 2% on bill payment in Amazon 1% on bill payment in payzapp any how payzapp giving 5%

Wrong information, only 2% for insurance payment.

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indiansoul wrote:

@mihir2812711 if you are open to credit cards with yearly fees, you can try for HDFC Diners Black.

Best card and it would replace your SBI prime and may be many other cards. Annual fees is high but waiver at 5L. So, if can spend 5L+, it will be a no brainer.

Your SBI prime is a paid card, right ?

Diners black is still some time away.

Based on opinions here, I am planning to close Prime (3.5K cost which is reversed based on spend) and Millenia (1K fee which is also reversed) and get Diners Club Privilege (2.5K fee) and AMEX MRCC (free first year and renewal will also be free based on spend).

Diners Privilege is my gateway to Diners Black. MRCC is gateway to AMEX Gold. Eventually plan to do (1000*10) transactions every month and accumulate rewards jointly.

Please advice.

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ItsBetter wrote:

Amazon cashback for insurance paymnet is 5% ? Are you sure ?

Yes by first buying amazon gift cards & then using them to pay but it is a risky method if not done honestly.aka do not spend more than your amazonpay card limit in a month & do not add amazon GVs to any acc other than your amazonpay card linked amazon acc. Also a regular person is not expected to pay more than 1 lakh insurance premium in a year(aka don’t start paying insurance premium of your entire neighbourhood/strangers from your own acc).
@Trusted_fellow

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Deal Subedar
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mihir2812711 wrote:

Diners black is still some time away.

Based on opinions here, I am planning to close Prime (3.5K cost which is reversed based on spend) and Millenia (1K fee which is also reversed) and get Diners Club Privilege (2.5K fee) and AMEX MRCC (free first year and renewal will also be free based on spend).

Diners Privilege is my gateway to Diners Black. MRCC is gateway to AMEX Gold. Eventually plan to do (1000*10) transactions every month and accumulate rewards jointly.

Please advice.

If you are able to meet spend criteria for Prime and get fees waiver, better keep it until you can get DCB. 3.33% reward is pretty good. You can take Amex MRCC for monthly milestone benefits but very few promotions otherwise.
Don’t apply or cancel too many cards together. Keep some time gap between them. There would be a hit on your credit score when you close card, so better apply a new one before you close.

If you need referral for MRCC, pm me. Will share the referral benefit.
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