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How Many Paid Credit Cards You Hold and Why ?

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beastboy

Thought to discuss on how to max the benefits of paid credit cards and Make best use out of them... 

Coz many of the LTF free cards don't offer much value in terms of Reward points

Below are the Paid Cards I hold 

SBI Simply Click - 499 + 18%GST / Annum (Took just to get benefits of the SBI regular card offers on Amazon and Flipkart)

SBI Simply Save - 499 + 18%GST / Annum (Recently took as it was preapproved with Rs.500 Amazon GV, will close it after a year)

Standard Chartered Digismart - 49 + GST ( Fee Waiver on Spends of 5k per month, I spend approx. 3.5k on Myntra to get 20% off and Load Paytm wallet for remaining 1.5k to get fee waiver)

Amex MRCC - 1st Year Free , 2nd Year 1500 + GST ( Took the card 10 Days back as its free for 1st year under the referral offer and also I found its one of the best card out in market if you can manage to spend 6k monthly on this card , it will fetch you approximate 5% reward value)

ICICI MMT -  499 + GST (Only One Time Need to Pay this , post that card will be LTF - Took the card just to use for regular Amazon and Flipkart Offers)

Expiring In 24 days
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Deal Subedar Deal Subedar
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Axis Airtel: useful to pay bills on airtel (Broadband 25% cb, others 10% cb)
SBI cashback: FYF, will be keeping it for 5% cb on (limited) online spends.

Deal Cadet Deal Cadet
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Nobody seems to have mentioned Axis Freecharge yet.

Fees I think is Rs. 350 which will be waved off at a spend of 50k in a year.

It gives 5% real cashback on every transaction done on Freecharge app (1% + gst convenience fees are charged on Freecharge for electricity > 1k, so effectively one gets 3.9% I think on electricity).

I combine this with AMEX MRCC to get 4-5% on other spends overall.

Overall, I feel 50K spends Axis Freecharge for utility + 1.5L spends on Amex MRCC for other spends gives around 4-5% cashback and much better than having Ace + SBI cashback combo as this combination effectively becomes LTF as the spending criteria can be easily met.

Deal Cadet Deal Cadet
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All my LTF cards are very basic and have rewards even less than a debit card. So I took FK Axis CC and SBI SimplyCLICK CC as paid. Easy to spend the required amount on both these cards for annual fees waiver. The joining fees were reversed as vouchers. So all good. 

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Finance Mentor Finance Mentor
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There are many premium cards in the market out there, which justify their high fees and people holding them

reap more benefits than the card fees , please share if you know which such cards to take.

Deal Subedar Deal Subedar
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SBI CB

SBI BPCL

Deal Cadet Deal Cadet
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Only sbi cashback which is going to be free as 2l spends is definite

Deal Subedar Deal Subedar
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Holding 

SBI Simply Click, fee waiver with 2 Lac spent is feasible

HDFC Infinia, First year free, will evaluate next year and might cancel as fee is ~12k.

Amex MRCC/Pat travel: will pay the fee with RP

Axis ACE: fee waiver with 2 Lac spent is feasible

BoB Ererna: first year free. will cancel next year as SBI CB is giving better value

Deal Subedar Deal Subedar
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Axis Airtel: useful to pay bills on airtel (Broadband 25% cb, others 10% cb)
SBI cashback: FYF, will be keeping it for 5% cb on (limited) online spends.

Deal Newbie Deal Newbie
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Cool07 wrote:

SBI CB

SBI BPCL

Why not simply click, why BPCL

Deal Cadet Deal Cadet
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All my LTF cards are very basic and have rewards even less than a debit card. So I took FK Axis CC and SBI SimplyCLICK CC as paid. Easy to spend the required amount on both these cards for annual fees waiver. The joining fees were reversed as vouchers. So all good. 

Finance Mentor Finance Mentor
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@Loveall bro how you got Infinia and Eterna 1st year free

Deal Subedar Deal Subedar
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beastboy wrote:

@Loveall bro how you got Infinia and Eterna 1st year free

@beastboy Infinia was upgrade from Regalia, Eterna was first year free when i applied, Now also if you spent 25k in 60 days it first year free.  
Beacon Beacon
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Double post

Deal Newbie Deal Newbie
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How you hold two SBI cards OP? I tried to apply SBI simply click while having other SBI card, got rejected 

Hunk Hunk
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SBI Simply Save - 499 + 18%GST . Bhai even with 500 rupees gift voucher they ll take 90 rupees. No clear benefits 

Deal Cadet Deal Cadet
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Ramushamu23 wrote:

How you hold two SBI cards OP? I tried to apply SBI simply click while having other SBI card, got rejected 

You can hold two SBI CC + one co-branded SBI CC

Avant Garde Avant Garde
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Paid Cards -

Axis Ace - 499+ gst

SBI Simply Click - 499+gst

ICICI MMT - 499+GST(1 TIME)

I spent easily more than 1L in sbi so effectively free.

Ace I have to pay 499 as it has 2L spent .

Finance Mentor Finance Mentor
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bikidas2060 wrote:

SBI Simply Save - 499 + 18%GST . Bhai even with 500 rupees gift voucher they ll take 90 rupees. No clear benefits 

2 Lakh spend pe , 2k*2 - 4k worth Cleartrip GV you can get apart from reward points
Hunk Hunk
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beastboy wrote:
2 Lakh spend pe , 2k*2 - 4k worth Cleartrip GV you can get apart from reward points
2 lakh bhi spend karni hai 🐒
Deal Cadet Deal Cadet
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beastboy wrote:
2 Lakh spend pe , 2k*2 - 4k worth Cleartrip GV you can get apart from reward points
For SimplySave? Isn't that for SimplyClick?
Deal Cadet Deal Cadet
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SBI SimplyClick Axis Ace
Finance Mentor Finance Mentor
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@10ven , yes bro you are correct....

@bikidas2060 bro try to get your card variant change....

2 Lakh to aaram se ho jayega, many guys do mobile orders for others 😁

Firestorm Firestorm
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Axis Airtel & ace

Generous Generous
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Only 1.

SBI SimplyClick.

Cause my friend's iphone EMI is going on this card.

Otherwise would have closed it, specially after devaluation.

Helpful Helpful
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Axis airtel, Axis ace, SC Ultimate, Amex MRCC, SBI Ola, SBI Cashback

Finance Mentor Finance Mentor
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Random123 wrote:

Axis airtel, Axis ace, SC Ultimate, Amex MRCC, SBI Ola, SBI Cashback

1st Big Fees card found in the thread...
How you manage to make best use out of SC ultimate bro ?
Post Mogul Post Mogul
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Axis Ace

SBI SimplyClick

SBI Cashback
Also have these Lifetime free
Flipkart Axis
ICICI Amazon Pay
ICICI Platinum
HDFC Indianoil

Deal Cadet Deal Cadet
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Axis Ace

Amex MRCC

Citi Rewards

Beacon Beacon
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Whats the best card for fuel spends? preferred reward points instead of direct cashback. No issue of annual fee/renewal fee.

Finance Mentor Finance Mentor
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muditfbd619 wrote:

Whats the best card for fuel spends? preferred reward points instead of direct cashback. No issue of annual fee/renewal fee.

SBI Octane
Beacon Beacon
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beastboy wrote:
SBI Octane

Not able to apply for it despite having a sbi card already and having excellent cibil

replyuser
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