Hot Deal In search of best value back credit card

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Deal Cadet
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Which credit card provides highest value back in terms of Rupee value?

There is a need to spend large sum for this year and coming year for higher education.

There are many cards that provide rewards. But Rupee value of the reward points vary depending on the provider. I am initiating this thread to search for the best value back card and not best rewards or best cashback cards.

Amex rewards, when collected beyond 24000 pts, gives ₹9000 statement credit. Spend ₹1500x4/month to earn 1000 points/month. This turns out to be ₹12.50/₹100 spent. Additional 1000 points/₹20000 spent. Those points are at ₹1.87/₹100 spent. But if you are spending beyond that ₹1500x4/month but less than ₹20000 the point value is ₹0.75/₹100 spent.

IndusInd Bank platinum card gives flat 85ps/reward point. Every ₹100 spend gives 1.5 points. That is ₹1.27/₹100 spent.

HDFC Infinia gives ₹1/point if redeemed on flight/hotels else ₹0.5/point. 5 points/₹150 spent. Effectively, ₹3.33/₹100 spent if redeemed on flight/hotels else ₹1.66/₹100 spent

HDFC Regalia is 4 points/₹150 spent. Depending on the merchants point value varies between 31ps to 35ps/point.

SBI Simply Click is ₹0.25/₹100 spent offline. Or ₹1.25/₹100 spent online

ICICI Bank Amazon Pay co branded card : 5% cb for Prime, 3% for non-prime, 2% for Partner merchants using Amazon Pay, 1% cashback everything else.

Flipkart Axis card provides: 5% cb on Flipkart, 4% on Uber/Swiggy, 1.5% on all others except fuel, cash, EMI, gold etc

HSBC Visa Platinum : 2 points/₹150 spent. Max value 40p/point = ₹0.53/₹100 spent

BOB Eterna : ₹3.75/₹100 spent on dining, travel and international transactions. And 75ps/₹100 spent on other categories.

Indus Pinnacle : E-com – ₹2.5 / ₹100 spent, E-com travel and airline – ₹1.5 / ₹100 spent, Everything else – ₹1 / ₹100 spent

Axis Ace : 5% cb on GooglePay(Bills), 4% on Ola/Swiggy, 2% on everything else except fuel, cash, EMI, gold

Ola Money SBI : Cashback of 7% on Ola rides. Booking via Cleartrip : 5% on flights, 10% on hotel, 6% on international hotels, 12% on activities. 1% on everything else

IDFC First Millenia/Classic/Select/Wealth : if total spend is greater than ₹20000/billing cycle : ₹2.5/₹100 spent, if spend is less than ₹20000 : ₹1.5/₹100 spent online, ₹0.75/₹100 spent offline. No points/cb on fuel, EMI, Insurance, Cash Withdrawal. LTF.

Standard Chartered Super Value Titanium : 4% cashback on fuel (5% Cashback – 1% Surcharge), Max ₹2000/transaction. Max. cb ₹200/month. 5% cashback on telecom and utility – postpaid mobile, landline, electricity, DTH, water and piped gas. Min Rs.₹750/transaction, Max cb ₹200/month for telecom, ₹100/month for utility. Telecom and utility must be paid through SC’s billpay section of the website

Can you plz suggest more cards with better value back?

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Hdfc infinia point value is ₹1 / point only when redeemed for hotels or flights.. otherwise it’s 50 paise(effective cashback becomes 1.6% instead of 3.3% 5 points per 150)

Sbi simply click provides 5x reward points on online transactions (1.25% 5x rewards for online transactions)

Axis ace provides 5% cashback on gpay transactions and 2% cashback on all other transactions.

Hope this helps.

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Flipkart Axis card provides:
5 perc CB on Flipkart
4 perc on Uber/Swiggy
1.5 perc on oall others except fuel, cash, EMI, gold etc

No limit on any of above, also no cost EMI on Flipkart always

500+gst joining fees
500+gst annual fees
They do provide FK voucher for new card during offers

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Fanil wrote:

Hdfc infinia point value is ₹1 / point only when redeemed for hotels or flights.. otherwise it’s 50 paise(effective cashback becomes 1.6% instead of 3.3% 5 points per 150)

Sbi simply click provides 5x reward points on online transactions (1.25% 5x rewards for online transactions)

Axis ace provides 5% cashback on gpay transactions and 2% cashback on all other transactions.

Hope this helps.

So do you mean -
for HDFC Infinia the cashback is 1.6% ? Then what we need to spend each one point or to earn 1.6% ?

SBI Simply Click – What I know is 0.25/point. Do you mean it is 1.25/point if Rs.100 is spent online ?

Axis ace looks most promising if 5% flat cashback is there. However, I think no payment gateway allows you to pay using credit card through gpay. It can work only on offline transactions.

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bridges wrote:

So do you mean -
for HDFC Infinia the cashback is 1.6% ? Then what we need to spend each one point or to earn 1.6% ?

SBI Simply Click – What I know is 0.25/point. Do you mean it is 1.25/point if Rs.100 is spent online ?

Axis ace looks most promising if 5% flat cashback is there. However, I think no payment gateway allows you to pay using credit card through gpay. It can work only on offline transactions.

Hdfc infinia provides 5 points per 150 rs. If we see rp value which is ₹1/point (in case of flights/hotels) and ₹0.50(in case of gv) and convert it to percentage it comes to 3.33%(for flights/hotels) and 1.6%(in case of gv).

For simply click credit card rp value is 0.25. but for online transactions it’s 5x reward points. Normally it’s 1 rp per ₹100 but when you purchase online it is 5rp per 100. 5*0.25=1.25 per 100 or simply 1.25%. (only redeemed as Amazon/Cleartrip gc).

Yeah not sure if 5% works here for axis ace but still there is flat 2% cashback which is also very promising.

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I used this info to update the main content. Thanks.

Looks like 1.5% seems to be among the top value cards.

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raman12 wrote:

Flipkart Axis card provides:
5 perc CB on Flipkart
4 perc on Uber/Swiggy
1.5 perc on oall others except fuel, cash, EMI, gold etc

No limit on any of above, also no cost EMI on Flipkart always

500+gst joining fees
500+gst annual fees
They do provide FK voucher for new card during offers

I used this info to update the main content. Thanks.

Looks like 1.5% seems to be among the top value cards.

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bridges wrote:

I used this info to update the main content. Thanks.

Looks like 1.5% seems to be among the top value cards.

No, Flipkart Axis ace card provides 2 percent

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raman12 wrote:

….
1.5 perc on oall others except fuel, cash, EMI, gold etc

But you mentioned 1.5%

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Their is no one size fit all solution here. credit card usage and rewards are dependent upon your spend profile and preferences. for eg – if you a frequent flier, you might use a card that has good reward rate on air miles conversion, like Infinia or sbi air India etc.

I prefer to use cards based on their reward milestones and category. for eg –
1. BOB Eterna – monthly usage of ~42k on rental payments (reward rate of ~3.75%)
2. HDFC Diner – monthly usage of 80k on rental/others (reward rate of 3.3% + INR 1000 vouchers)
3. HDFC Infinia – regular household expenses (reward rate of 3.3%)
4. SBI Ola – monthly usage of ~7200 to convert to amazon vouchers (reward rate of 15%) – not using since last month because of ola postpaid issues
5. Amex MRCC+Gold charge – 12k monthly on paytm load (reward rate of 6.8% when redeemed for 24k collection)
6. Axis Ace – for bill payments (reward rate of 5%)
7. SBI Elite – Movie tickets & Groceries (2 tickets free per month, 5x on groceries)
8. SBI Air India/Infinia/Amex Plat Travel – all big purchases

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Fanil wrote:

Hdfc infinia provides 5 points per 150 rs. If we see rp value which is ₹1/point (in case of flights/hotels) and ₹0.50(in case of gv) and convert it to percentage it comes to 3.33%(for flights/hotels) and 1.6%(in case of gv).

For simply click credit card rp value is 0.25. but for online transactions it’s 5x reward points. Normally it’s 1 rp per ₹100 but when you purchase online it is 5rp per 100. 5*0.25=1.25 per 100 or simply 1.25%. (only redeemed as Amazon/Cleartrip gc).

Yeah not sure if 5% works here for axis ace but still there is flat 2% cashback which is also very promising.

Thank you.

Updated the information on the first post.

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Unknown wrote:

Their is no one size fit all solution here. credit card usage and rewards are dependent upon your spend profile and preferences. for eg – if you a frequent flier, you might use a card that has good reward rate on air miles conversion, like Infinia or sbi air India etc.

I prefer to use cards based on their reward milestones and category. for eg –
1. BOB Eterna – monthly usage of ~42k on rental payments (reward rate of ~3.75%)
2. HDFC Diner – monthly usage of 80k on rental/others (reward rate of 3.3% + INR 1000 vouchers)
3. HDFC Infinia – regular household expenses (reward rate of 3.3%)
4. SBI Ola – monthly usage of ~7200 to convert to amazon vouchers (reward rate of 15%) – not using since last month because of ola postpaid issues
5. Amex MRCC+Gold charge – 12k monthly on paytm load (reward rate of 6.8% when redeemed for 24k collection)
6. Axis Ace – for bill payments (reward rate of 5%)
7. SBI Elite – Movie tickets & Groceries (2 tickets free per month, 5x on groceries)
8. SBI Air India/Infinia/Amex Plat Travel – all big purchases

Can you plz elaborate ?

For example, you mentioned BOB Eterna. Is it mandatory to have 42k spend/month to get 3.75% value back ?

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I am using axis fk and ace card. Happy with cashback as well as service.

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DrDNA wrote:

I am using axis fk and ace card. Happy with cashback as well as service.

Can we keep both?
And after how much time u applied for ace?

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1year.
We can keep both

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bridges wrote:

Can you plz elaborate ?

For example, you mentioned BOB Eterna. Is it mandatory to have 42k spend/month to get 3.75% value back ?

42k is to get max 5000 reward points in a month…3.75% will remain same even if you spend less

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I’m using Axis Ace as primary credit card and IndusInd pinnacle as secondary.

Sbi simplyclick is good.
Axis Flipkart is waste, Flipkart account blocking issue for high purchase

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rohit_agarwal wrote:

I’m using Axis Ace as primary credit card and IndusInd pinnacle as secondary.

Sbi simplyclick is good.
Axis Flipkart is waste, Flipkart account blocking issue for high purchase

Bro that blocking thing can be possible for Ace card also
Don’t u think if we pay high amount bills(there is another discussion going on about this), Axis will block card?

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raman12 wrote:

Bro that blocking thing can be possible for Ace card also
Don’t u think if we pay high amount bills(there is another discussion going on about this), Axis will block card?

I’m not telling card blocking…..

Flipkart account blocking, if we brought 30k laptop, 20k mobile and anything regularly,,, Flipkart will block your account…

Axis will not block your card for such a small amount….

So Axis Flipkart is not a good option, ace is better, 2% cb everywhere.

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rohit_agarwal wrote:

I’m not telling card blocking…..

Flipkart account blocking, if we brought 30k laptop, 20k mobile and anything regularly,,, Flipkart will block your account…

Axis will not block your card for such a small amount….

So Axis Flipkart is not a good option, ace is better, 2% cb everywhere.

Just to clearL
Are u saying FK blocking accounts for FK Axis card usage(when purchasing high value items)
OR
IN GENERAL, FK blocking accounts due to multiple purchase of high value items

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raman12 wrote:

Just to clearL
Are u saying FK blocking accounts for FK Axis card usage(when purchasing high value items)
OR
IN GENERAL, FK blocking accounts due to multiple purchase of high value items

Flipkart generally blocking account…. Any payment modes

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Unknown wrote:

42k is to get max 5000 reward points in a month…3.75% will remain same even if you spend less

Thats a good example. So basically BOB Eterna provides 3.75/Rs.100 spent.

Can you similarly provide information on the other cards that you are holding ? For more examples you can check my first post.

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Need bob credit card to purchase… Can anyone help here

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rohit_agarwal wrote:

Flipkart generally blocking account…. Any payment modes

But question is, how many of them are genuine users & how many are those who misuse. Take me for example, I have ordered mobiles(3-4) for my friends while another of my friend has ordered mobiles & laptop for his friends/relatives with no issue. I guess you can say that we both pass the flipkart AI algorithm check for those misusing their accounts. That is what it is, you need to pass the AI algorithm check & more than 99% of misusers & some 10-20% unlucky genuine users are not going to pass this check.
@raman12

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guest_999 wrote:

But question is, how many of them are genuine users & how many are those who misuse. Take me for example, I have ordered mobiles(3-4) for my friends while another of my friend has ordered mobiles & laptop for his friends/relatives with no issue. I guess you can say that we both pass the flipkart AI algorithm check for those misusing their accounts. That is what it is, you need to pass the AI algorithm check & more than 99% of misusers & some 10-20% unlucky genuine users are not going to pass this check.
@raman12

But 2L target yearly for fee waiver is very hard with Flipkart Axis, and for heavy uses fear of account blocking.

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rohit_agarwal wrote:

But 2L target yearly for fee waiver is very hard with Flipkart Axis, and for heavy uses fear of account blocking.

Yes but for those who genuinely spend almost 1 lakh on flipkart in a year it is not an issue even if they end up paying 500 fee as it will still be beneficial overall. If someone can’t even manage to spend 80-90k on flipkart in a year then this card is not for them.

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rohit_agarwal wrote:

But 2L target yearly for fee waiver is very hard with Flipkart Axis, and for heavy uses fear of account blocking.

This target is applicable for Ace as well.
Even if you combine electricity (highest amount)+water+gas+postpaid, this happens to be 2L/12 = 16-17K per month which is also very high if the cardholder only does bill payments for his own card

But you are right, bills are something bound to come every month. But Flipkart shopping won’t be unless you are purchasing for many others or some commercial use

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raman12 wrote:

This target is applicable for Ace as well.
Even if you combine electricity (highest amount)+water+gas+postpaid, this happens to be 2L/12 = 16-17K per month which is also very high if the cardholder only does bill payments for his own card

But you are right, bills are something bound to come every month. But Flipkart shopping won’t be unless you are purchasing for many others or some commercial use

I’m using around 5k utilities bills every month,so 60k yearly bills. 5%

100k yearly around offline shopping. 2%

100k yearly online other websites. 2%

Axis card 10% off on Amazon or Flipkart included in 100k.

2L spending is very easy for Ace.

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bridges wrote:

Thats a good example. So basically BOB Eterna provides 3.75/Rs.100 spent.

Can you similarly provide information on the other cards that you are holding ? For more examples you can check my first post.

How to get this Eterna card, someone tell more details pls.
1. Annual/Renewal fees
2. Any restriction on points?
3. I have savings account in BOB, any advantage?
4. Does it give %rewards as rupees in statement, or I need to redeem the points?

I see many TnC on this website, am I looking at wrong place??
https://www.bobfinancial.com/eter...sp

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raman12 wrote:

How to get this Eterna card, someone tell more details pls.
1. Annual/Renewal fees
2. Any restriction on points?
3. I have savings account in BOB, any advantage?
4. Does it give %rewards as rupees in statement, or I need to redeem the points?

I see many TnC on this website, am I looking at wrong place??
https://www.bobfinancial.com/eter...sp

See first this thread about BoB Eterna:
https://www.desidime.com/discussions/bob-...na

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