Hot Deal

In search of best value back credit card

1540°
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: deb3l
Top Comments
Deal Cadet Deal Cadet
Link Copied

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

Deal Cadet Deal Cadet
Link Copied
bridges wrote:

Updates to IDFC Credit cards. 

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.

These will kick in from 17-May-22. We will update the wiki then.

Dear "@MJ911":https://www.desidime.com/users/...03 ,

Please replace the IDFC credit card line with the above two lines.
200 Comments  |  
41 Dimers
  • Sort By
Deal Cadet Deal Cadet
Link Copied
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 smile

Beacon Beacon
Link Copied

Idfc credit cards are ltf and open for all? Or only for idfc acoount holders?

Cool Cool
Link Copied
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

Deal Subedar Deal Subedar
Link Copied

Indus ind platinum. Cc gives 1.27 per 100 n apay gives 1 as per d thread…. Indus is better dan icici apay

Deal Cadet Deal Cadet
Link Copied
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.

Deal Cadet Deal Cadet
Link Copied
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.

Critic Critic
Link Copied
Expand
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.

Example:
https://www.desidime.com/discussions/combinatio...

Deal Cadet Deal Cadet
Link Copied

@MJ911

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.”

Deal Cadet Deal Cadet
Link Copied
Expand
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.

Example:
https://www.desidime.com/discussions/combinatio...

Thanks for the suggestion.

I already checked it with MJ911. I am still short of karma to even manage te deal wiki.

Critic Critic
Link Copied
Expand
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.

Pro Analyst Pro Analyst
Moderator
Link Copied
bridges wrote:

@MJ911

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

Finance Mentor Finance Mentor
Link Copied

Unable to find Indusind Bank Platinum credit card on their site. Provide me with a link please @bridges

Deal Cadet Deal Cadet
Link Copied

@deb3l , thanks for creating the deal wiki.

Can you plz remove the extra spacing ? It appears that there are 3 line spacing between two cards. Thanks again.

Deal Cadet Deal Cadet
Link Copied

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.

Deal Cadet Deal Cadet
Link Copied

Anyone holding HDFC Diners Club ?

Deal Cadet Deal Cadet
Link Copied

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.

Deal Cadet Deal Cadet
Link Copied

@MJ911,

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.

Critic Critic
Link Copied
bridges wrote:

@MJ911,

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.

Analyst Analyst
Link Copied
Expand
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.

Critic Critic
Link Copied
Expand
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.

Deal Subedar Deal Subedar
Link Copied
Expand
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

Deal Cadet Deal Cadet
Link Copied
Expand
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

Crowdpuller Crowdpuller
Link Copied
Expand
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?

Finance Mentor Finance Mentor
Link Copied
Expand
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.

Crowdpuller Crowdpuller
Link Copied
Expand
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?

Cool Cool
Link Copied
Expand
dhinchakrohit wrote:

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?

phir bacha kya? cry
Gold, Wallet, Cash withdrawal?

Crowdpuller Crowdpuller
Link Copied
Expand
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

Critic Critic
Link Copied
Expand
raman12 wrote:

phir bacha kya? cry
Gold, Wallet, Cash withdrawal?

No credit card ever gives any reward for cash withdrawals.

Cool Cool
Link Copied
Expand
guest_999 wrote:

No credit card ever gives any reward for cash withdrawals.

Obvious… Company bik jayegi

replyuser
Click here to reply
Reply