Hot Deal

In search of best value back credit card

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Deal Cadet
bridges

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.

(Pls refer the deal wiki section for more details.)



Can you plz suggest more cards with better value back?

Deal Wiki

  • Last updated by: MJ911
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Deal Cadet Deal Cadet
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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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Deal Subedar Deal Subedar
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geni wrote:

Need bob credit card to purchase… Can anyone help here

amount?

Deal Cadet Deal Cadet
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BOB Eterna’s website shows that you get 15 points/₹100 spent only on dining, travel and international transactions. For all other categories you get 3 points/₹100 spent. Value is ₹0.25/point. Effectively the value back is ₹3.75/₹100 spent on dining, travel and international transactions. And 75ps/₹100 spent on other categories.

Deal Cadet Deal Cadet
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bridges wrote:

BOB Eterna’s website shows that you get 15 points/₹100 spent only on dining, travel and international transactions. For all other categories you get 3 points/₹100 spent. Value is ₹0.25/point. Effectively the value back is ₹3.75/₹100 spent on dining, travel and international transactions. And 75ps/₹100 spent on other categories.

15 points/100 is on all the online spends. Atleast this was the condition at the start of this month as I got 5000 points in my account for transaction done on April 3rd.

Deal Cadet Deal Cadet
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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

Joining Fees – 2499+GST, waived on spend of 25,000 in 60 days. Renewal Fee – 2499+GST, waived on spend of 2.5L in a year.

Just visit your branch or apply online.

Statement credit option is available on points.

Deal Cadet Deal Cadet
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Unknown wrote:

15 points/100 is on all the online spends. Atleast this was the condition at the start of this month as I got 5000 points in my account for transaction done on April 3rd.

The information on the site is different than what you mentioned. Maybe they have updated the terms and not updated the site. Can you please check with CC?

Pro Shopping Friend Pro Shopping Friend
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What all cards you own or have access/eligible to, then we can suggest

Deal Cadet Deal Cadet
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caks2006407 wrote:

What all cards you own or have access/eligible to, then we can suggest

This thread is not about one person but will help all of us.

Lets get the best information and keep it updated.

Deal Cadet Deal Cadet
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I heard that there also a “Dhani” way to get more cashback when you know your spend is going to be large.

Deal Cadet Deal Cadet
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Does anyone have Kotak Essentia Platinum credit card ? The site says it provides 10% cashback on grocery. But it is not clear if it is online/offline which site or store.

Deal Cadet Deal Cadet
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bridges wrote:

Does anyone have Kotak Essentia Platinum credit card ? The site says it provides 10% cashback on grocery. But it is not clear if it is online/offline which site or store.

Lots of TnCs .

Min Amount: 1500
Max Amount: 400

Max Cashback per month: 500.

Critic Critic
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bridges wrote:

Does anyone have Kotak Essentia Platinum credit card ? The site says it provides 10% cashback on grocery. But it is not clear if it is online/offline which site or store.

Only those sites or stores which have registered themselves with their payment gateway provider as “Departmental or Grocery store” as reflected in their MCC code. See this thread of mine(applies to all similar cards):
https://www.desidime.com/discussions/important-...

Deal Cadet Deal Cadet
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Kotak Essentia doesn’t seem to be a promising card. Will not add it to the first post.

Cool Cool
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bridges wrote:

Kotak Essentia doesn’t seem to be a promising card. Will not add it to the first post.

bro add Axis Ace as well
5% cb on GooglePay(Bills), 4% on Ola/Swiggy, 2% on all others except fuel, cash, EMI, gold etc
There are some more TnC I not aware of

Deal Cadet Deal Cadet
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raman12 wrote:

bro add Axis Ace as well
5% cb on GooglePay(Bills), 4% on Ola/Swiggy, 2% on all others except fuel, cash, EMI, gold etc
There are some more TnC I not aware of

Thanks for the info.

However, suddenly the Edit link remains disabled on the first post. Not sure why I cant edit now. Else, I would like to add Axis Ace too.

Deal Cadet Deal Cadet
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@admin, I want to edit the first post by adding the new info. Can you plz enable the edit ?

Pro Community Angel Pro Community Angel
Admin
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bridges wrote:

@admin, I want to edit the first post by adding the new info. Can you plz enable the edit ?

Hi @bridges you can post a reply in this thread and we will add the same to ur main post.

or you can use Deal wiki option to add ur updates.

You can tag or ping me for the same

Entertainer Entertainer
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Guys,Does hdfc regalia card counts paytm cash load as spends? (Doubt from my friend)

Deal Subedar Deal Subedar
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rajarew wrote:

Guys,Does hdfc regalia card counts paytm cash load as spends? (Doubt from my friend)

Yes

Deal Cadet Deal Cadet
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MJ911 wrote:

or you can use Deal wiki option to add ur updates.

How to to use Deal wiki option ? Is there any thread to know about it ?

Also, I observed that initially there was some hotness rating to this thread. Despite more and more people following this thread it became 0 degree hot. Is there anything in this regard that is not known to me ?

Finance Mentor Finance Mentor
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bridges wrote:
?

Indusind Pinnacle 2.5% cashback as statement credit.

Standard Chartered Ultimate 3.3% on all spends including on wallet reloads (along with MRCC, makes it one of the few cards which give points on wallet reloads). Though very limited redemption options.

Infinia – Highly rewarding card- Best in India since 2013. Only useful if you can redeem points on air travel or hotel stays or international tours/experiences and DTH recharge.

Deal Cadet Deal Cadet
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Just had a chat with @admin , @mj911

I learned :
1. This thread cannot have access to deal wiki as I dont have required levels of Karma. So I cannot update the main post.
2. Hotness is removed because some people voted it down citing repost as a reason.

Since hotness is removed the thread will go deep down in the list. Once buried it will not attract the attention of Dimers. Dimers will neither be able to make use of the information nor will be able to contribute.

Admin, Please take this thread down. Please delete it. I will recreate the thread.

Finance Mentor Finance Mentor
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rajarew wrote:

Guys,Does hdfc regalia card counts paytm cash load as spends? (Doubt from my friend)

Yes but no reward points given for such reloads and also they charge certain fee for wallet reloads. Given in card TnC

Pro Community Angel Pro Community Angel
Admin
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bridges wrote:

Just had a chat with @admin , @mj911

I learned :
1. This thread cannot have access to deal wiki as I dont have required levels of Karma. So I cannot update the main post.
2. Hotness is removed because some people voted it down citing repost as a reason.

Since hotness is removed the thread will go deep down in the list. Once buried it will not attract the attention of Dimers. Dimers will neither be able to make use of the information nor will be able to contribute.

Admin, Please take this thread down. Please delete it. I will recreate the thread.

No need to delete and make new thread it is all good and like i said i will update ur main post whenever u want so just let me knw when to do.

and regarding hotness it seems to be a tiny glitch which showed as zero. It is back to its usual hotness

Make a reply in the thread and same will be added as updates to ur main posts and even will add that link in the deal wiki for u. Hope that will work for u ? smile

Entertainer Entertainer
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Ramta_Jogi wrote:

Yes but no reward points given for such reloads and also they charge certain fee for wallet reloads. Given in card TnC

If no reward points will be given,why to load.btw do hdfc charges fee for wallet loads? If u have any t&c link ,do provide me please.

Finance Mentor Finance Mentor
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rajarew wrote:

If no reward points will be given,why to load

Ask your friend

Finance Mentor Finance Mentor
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rajarew wrote:

btw do hdfc charges fee for wallet loads?

Yes. 2.5% plus GST

Deal Cadet Deal Cadet
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MJ911 wrote:

No need to delete and make new thread it is all good and like i said i will update ur main post whenever u want so just let me knw when to do.

and regarding hotness it seems to be a tiny glitch which showed as zero. It is back to its usual hotness

Make a reply in the thread and same will be added as updates to ur main posts and even will add that link in the deal wiki for u. Hope that will work for u ? smile

Thats great !

This will help.

Thanks.

Deal Cadet Deal Cadet
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Ramta_Jogi wrote:

Indusind Pinnacle 2.5% cashback as statement credit.

The website says something different -

For E-commerce transactions – ₹2.5/₹ 100 spent
E-com travel and airline transactions – ₹1.5/₹ 100 spent
Everything else – ₹1/₹ 100 spent

This comes between Amazon ICICI and Flipkart Axis

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