Vote down Reasons
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?
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 : ₹0.85/reward point. Every ₹100 spend gives 1.5 points. That is ₹1.27/₹100 spent. On utility, insurance premiums, payments to Govts and education fees, the cashback is ₹0.68/₹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.
HDFC Millenia : 5% Cashback on Amazon, Flipkart, Tata CLiQ, Myntra, Swiggy, Zomato, BookMyShow, Cult.fit, Sony LIV and Uber, 1% on everything else except Fuel. Rs.500 must be accumulated as cashback before it gets credited to statement balance on request. Unutilized cashback lapses after 2 years.
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, rent pay.
W.e.f. March 15th, 2022, cashback is not eligible for payments made towards rent (MCC – 6513)
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 : If total spend is greater than ₹20000/billing cycle : ₹2.5/₹150 spent (1.66%), if spend is less than ₹20000 : ₹1.5/₹150 spent online (1%), ₹0.75/₹150 spent offline (0.5%). No points/cb on fuel, EMI, Insurance, Cash Withdrawal. ₹99+GST for reward redemption (equivalent to ₹11682 spent if you earn rewards point mostly in 1% slab). LTF.
IDFC First Select/Wealth :If total spend is greater than ₹25000/billing cycle : ₹2.5/₹125 spent (2%), if spend is less than ₹20000 : ₹1.5/₹125 spent online (1.2%), ₹0.75/₹125 spent offline (0.6%). No points/cb on fuel, EMI, Insurance, Cash Withdrawal. ₹99+GST for reward redemption. (equivalent to ₹9735 spent if you earn rewards point mostly in 1.2% slab). 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.
SBI BPCL : 3.25% cashback (Fuel Surcharge is waived in all credit cards so not adding that 1% to 3.25% as advertised). 13 points/₹100 spent. 1 point = ₹0.25. Surcharge waiver applicable only on transaction less than ₹4000. 1% Surcharge is applicable if card is used for ₹10000+ per statement cycle.
Standard Chartered Ultimate : Flat 3.3% cashback. No limit, no categories, no exclusions.₹5000 joining fee, ₹6000 cashback. ₹5000 renewal fee, ₹5000 cashback. CB redemption only on SC’s rewards360 website. Reward redemption fee ₹118 incl. GST.
BoB Select : Similar to Amex, get 1000 reward points from ₹1000x5 spent/month. ₹0.25/point. That is 5% (₹250) cashback. Additionally, ₹1.25/₹100 spent on Dining, Utility bills and Online – Capped at ₹250/month.
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Cashback on Fuel cards:
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Indian Oil Citi - 2.66% - Cap Rs.200/month
Indian Oil HDFC - 5 % - Cap Rs.250/month
SBI BPCL - 2.25% - Cap Rs.325 (Including surcharge of Rs.100)
SBI BPCL Octane - 6.25% - Cap Rs.625/month
Indian Oil Axis - 4% - Cap Rs.250/month
ICICI HPCL Coral - 2.5% - Cap Rs.100/month
Standard Chartered Super Value Titanium - 4% - Cap ₹200/month
Bob_The_Builder wrote:you have done all the homework why are you asking others 😂
That is because I dont have the card. Card holders can can always enrich the information. In fact there was a mistake and a new information on the total cap on bill, utilities were pointed out by a member.
Discussion generally helps.
Thanks for recognizing the homework though 
Idfc credit cards are ltf and open for all? Or only for idfc acoount holders?
Dealkitalash wrote:Idfc credit cards are ltf and open for all? Or only for idfc acoount holders?
LTF
Open for all – Can’t say. But yes those with accounts are getting notification to avail card
Indus ind platinum. Cc gives 1.27 per 100 n apay gives 1 as per d thread…. Indus is better dan icici apay
24karat wrote:Indus ind platinum. Cc gives 1.27 per 100 n apay gives 1 as per d thread…. Indus is better dan icici apay
No. It is not. As I mentioned in the thread, a few posts ago, Indus Platinum doesn’t give 1.27% for utility. Plz check that post again. That is an update to the the main post.
I will ask the admin to update the main post with that information. I am sorry, I cannot update it myself as I am low on Karma.
Dealkitalash wrote:Idfc credit cards are ltf and open for all? Or only for idfc acoount holders?
raman12 is right. All IDFC cards are LTF and all are good.
I have an account. I have applied for and waiting for more than 10 days now. It is still under process. Dont know what is their criteria of approval. I score the best.
bridges wrote:No. It is not. As I mentioned in the thread, a few posts ago, Indus Platinum doesn’t give 1.27% for utility. Plz check that post again. That is an update to the the main post.
I will ask the admin to update the main post with that information. I am sorry, I cannot update it myself as I am low on Karma.
Instead of updating the main post, create a deal wiki which can be edited by any member with level Deal Captain & above. Just PM any such user willing to help & whenever you need update just PM it to that member who will then edit the deal wiki accordingly. No need to involve mods/admin.
Can you plz remove the below line from the main post -
“IndusInd Bank platinum card gives flat 85ps/reward point. Every ₹100 spend gives 1.5 points. That is ₹1.27/₹100 spent.”
And replace it with -
“IndusInd Bank platinum : ₹0.85/reward point. Every ₹100 spend gives 1.5 points. That is ₹1.27/₹100 spent. On utility, insurance premiums, payments to Govts and education fees, the cashback is ₹0.68/₹100 spent.”
guest_999 wrote:Instead of updating the main post, create a deal wiki which can be edited by any member with level Deal Captain & above. Just PM any such user willing to help & whenever you need update just PM it to that member who will then edit the deal wiki accordingly. No need to involve mods/admin.
Thanks for the suggestion.
I already checked it with MJ911. I am still short of karma to even manage te deal wiki.
bridges wrote:Thanks for the suggestion.
I already checked it with MJ911. I am still short of karma to even manage te deal wiki.
That’s why I said contact a deal captain or above, there are many here who are quite active & willing to help for such matters. Just check recent posts in latest threads & you will see many active deal captains, contact them over PM to see if one is willing to help.
bridges wrote:
Can you plz remove the below line from the main post -
“IndusInd Bank platinum card gives flat 85ps/reward point. Every ₹100 spend gives 1.5 points. That is ₹1.27/₹100 spent.”And replace it with -
“IndusInd Bank platinum : ₹0.85/reward point. Every ₹100 spend gives 1.5 points. That is ₹1.27/₹100 spent. On utility, insurance premiums, payments to Govts and education fees, the cashback is ₹0.68/₹100 spent.”
Updated now
Unable to find Indusind Bank Platinum credit card on their site. Provide me with a link please @bridges
Ramta_Jogi wrote:Unable to find Indusind Bank Platinum credit card on their site. Provide me with a link please @bridges
Here you go – https://www.indusind.com/in/en/personal/cards/c...
Dear @deb3l, can you plz add the following line to deals wiki ?
BoB Select : Similar to Amex, get 1000 reward points from ₹1000x5 spent/month. ₹0.25/point. That is 5% (₹250) cashback. Additionally, ₹1.25/₹100 spent on Dining, Utility bills and Online – Capped at ₹250/month.
Anyone holding HDFC Diners Club ?
HDFC Diners Club Black card.
It is the card touted as one of the best credit cards in India. It is an ultimate premium product.
It gives flat 3.33% cashback. And 33.3% cashback (yes, it is not a typo) on weekend dining and on partner brands (Smartbuy). Plethora of other benefits such as complementary membership of Ola Select, BookMyShow, TataCliq on spends of over ₹80,000. Also, 6 complimentary Golf games/quarter. Lowest foreign currency markup of 1.99%.
Reward points are valid for 3 years. No points on loading wallet. ₹10,000 is the joining and Renewal fee. Can be waived off on a spend of ₹5L/year.
Plz add below into Deals Wiki -
Standard Chartered Ultimate : Flat 3.3% cashback. No limit, no categories, no exclusions.₹5000 joining fee, ₹6000 cashback. ₹5000 renewal fee, ₹5000 cashback. CB redemption only on SC’s rewards360 website. Reward redemption fee ₹118 incl. GST.
bridges wrote:
Plz add below into Deals Wiki -
Standard Chartered Ultimate : Flat 3.3% cashback. No limit, no categories, no exclusions.₹5000 joining fee, ₹6000 cashback. ₹5000 renewal fee, ₹5000 cashback. CB redemption only on SC’s rewards360 website. Reward redemption fee ₹118 incl. GST.
Standard Chartered also has very poor customer support in case of fraud transactions, even axis/public sector banks may prove better in this regard & that’s saying something.
guest_999 wrote:Standard Chartered also has very poor customer support in case of fraud transactions, even axis/public sector banks may prove better in this regard & that’s saying something.
It’s not the poor customer support that is worrying but rather it’s actually the extreme high number of fraud transactions that happen with StanC cards; for some weird reasons (maybe internal data leak), SC cards are highly prone to fraudulent activities, especially international transactions; and the worse thing is that StanC didn’t have any option in their netbanking/app to disable int. transactions until recently.
BlueFlash wrote:It’s not the poor customer support that is worrying but rather it’s actually the extreme high number of fraud transactions that happen with StanC cards; for some weird reasons (maybe internal data leak), SC cards are highly prone to fraudulent activities, especially international transactions; and the worse thing is that StanC didn’t have any option in their netbanking/app to disable int. transactions until recently.
Not sure about high rate of fraud transactions in case of Standard Chartered but customer support if good should have been more than enough to take care of it.
BlueFlash wrote:It’s not the poor customer support that is worrying but rather it’s actually the extreme high number of fraud transactions that happen with StanC cards; for some weird reasons (maybe internal data leak), SC cards are highly prone to fraudulent activities, especially international transactions; and the worse thing is that StanC didn’t have any option in their netbanking/app to disable int. transactions until recently.
We can now disable international txns in SC NB/app
BlueFlash wrote:It’s not the poor customer support that is worrying but rather it’s actually the extreme high number of fraud transactions that happen with StanC cards; for some weird reasons (maybe internal data leak), SC cards are highly prone to fraudulent activities, especially international transactions; and the worse thing is that StanC didn’t have any option in their netbanking/app to disable int. transactions until recently.
It is possible to disable international transactions from sc’s mobile app
Ramta_Jogi 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.
Indus Pinnacle : E-com – ₹2.5 / ₹100 spent. Here ecom means what all not covered?
Also any specific idea about rewards catalogue gv of SCB ultimate? Amazon is there?
dhinchakrohit wrote:Indus Pinnacle : E-com – ₹2.5 / ₹100 spent. Here ecom means what all not covered?
Also any specific idea about rewards catalogue gv of SCB ultimate? Amazon is there?
Indus Pinnacle : E-com – ₹2.5 / ₹100 spent. Here ecom means what all not covered? – All online transactions covered except the ones mentioned in the terms and conditions as per the updated reward rate
Also any specific idea about rewards catalogue gv of SCB ultimate? Amazon is there? – You can log on to the reward site of SCB. Amazon is not there most of the times. I usually see others redeeming it for electronics.
Ramta_Jogi wrote:Indus Pinnacle : E-com – ₹2.5 / ₹100 spent. Here ecom means what all not covered? – All online transactions covered except the ones mentioned in the terms and conditions as per the updated reward rate
Also any specific idea about rewards catalogue gv of SCB ultimate? Amazon is there? – You can log on to the reward site of SCB. Amazon is not there most of the times. I usually see others redeeming it for electronics.
From bank website i understand below are the exclusions:
Utility Bill Payments
Insurance Premium Payments
Government Services/Charges/Payments
Education Institute Fees
Is it correct?
Also I hope 1 point = 1 rupee for cash credit?
dhinchakrohit wrote:From bank website i understand below are the exclusions:
Utility Bill Payments
Insurance Premium Payments
Government Services/Charges/Payments
Education Institute FeesIs it correct?
Also I hope 1 point = 1 rupee for cash credit?
phir bacha kya? 
Gold, Wallet, Cash withdrawal?
Ramta_Jogi wrote:Indus Pinnacle : E-com – ₹2.5 / ₹100 spent. Here ecom means what all not covered? – All online transactions covered except the ones mentioned in the terms and conditions as per the updated reward rate
Also any specific idea about rewards catalogue gv of SCB ultimate? Amazon is there? – You can log on to the reward site of SCB. Amazon is not there most of the times. I usually see others redeeming it for electronics.
Can u pls share scb ultimate rewards link
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
Please replace the IDFC credit card line with the above two lines.