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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?

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  • Last updated by: deb3l
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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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Finance Mentor Finance Mentor
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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?

I don’t own any SCB credit card now.

Crowdpuller Crowdpuller
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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?

@Ramta_Jogi i meant this for Indusind Pinnacle

Finance Mentor Finance Mentor
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dhinchakrohit wrote:

@Ramta_Jogi i meant this for Indusind Pinnacle

I don’t own any IndusInd card; only Infinia and Sapphiro out of which Infinia is my everyday card. Sapphiro is backup for International travel.

Finance Mentor Finance Mentor
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Ramta_Jogi wrote:

I don’t own any IndusInd card; only Infinia and Sapphiro out of which Infinia is my everyday card. Sapphiro is backup for International travel.

delete

Deal Cadet Deal Cadet
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Not able to find any new credit card worth the mention here. Also havn’t noticed any condition changes in the already mentioned cards here. So no new updates as of now.

Do let me know if you come across anything that requires this thread to be updated.

Deal Newbie Deal Newbie
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Bob select stopped extra rewards for 5*1000 from Nov 21

Deal Cadet Deal Cadet
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high000 wrote:

Bob select stopped extra rewards for 5*1000 from Nov 21

Can you give us the new rewards structure of the Bob? We will update the wiki accordingly. 

Deal Cadet Deal Cadet
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Time to add a new card to this wiki.

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.

@MJ911, can you plz insert the above line between Flikart Axis and HSBC Visa Platinum cards in the wiki ?

Deal Cadet Deal Cadet
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One more card worth this wiki -

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.

@MJ911, can you plz insert this between Standard Chartered Super Value Titanium and Standard Chartered Ultimate cards in the wiki ?

Deal Lieutenant Deal Lieutenant
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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.

Can I scan any QR/gpay and pay with Axis Ace to get 5% ??

Hotshot Hotshot
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decideaim wrote:

Can I scan any QR/gpay and pay with Axis Ace to get 5% ??

flushed flushed flushed flushed
Deal Cadet Deal Cadet
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decideaim wrote:

Can I scan any QR/gpay and pay with Axis Ace to get 5% ??

If I understand your question correctly, you are asking if you scan a code and pay using a credit card.

As far as I know there are no credit card that can be used for that purpose. However, on Gpay, you register a card and use it while paying bill of recognized billers. I am aware of Axis Ace and HSBC allowed on Gpay. But still you cannot scan and pay using any card.

Deal Lieutenant Deal Lieutenant
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bridges wrote:

If I understand your question correctly, you are asking if you scan a code and pay using a credit card.

As far as I know there are no credit card that can be used for that purpose. However, on Gpay, you register a card and use it while paying bill of recognized billers. I am aware of Axis Ace and HSBC allowed on Gpay. But still you cannot scan and pay using any card.

Yes precisely, so offline for Axis Ace means a card swipe/tap. Is it 2% or 5% cashback for that?

Deal Cadet Deal Cadet
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decideaim wrote:

Yes precisely, so offline for Axis Ace means a card swipe/tap. Is it 2% or 5% cashback for that?

2%

Deal Cadet Deal Cadet
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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.

Deal Cadet Deal Cadet
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Thank you @MJ911 for adding HDFC Millania and SBI BPCL

The spacing is not uniform between cards. Do you want to increase the spacing before and after the new cards ?

Cool Cool
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decideaim wrote:

Yes precisely, so offline for Axis Ace means a card swipe/tap. Is it 2% or 5% cashback for that?

Offline swipe is 2 percent

Critic Critic
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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.

Most people have Flipkart Axis LTF. For the rest, the 2L limit is not just for flipkart spend but for all merchants together.

I am even using this card for Amazon also, incl bill pay/recharge, as it gives higher cashback than ICICI Amz CC when combined with Intermiles.
Most people go for at least one vacation a year. Many travel for official purposes also. Hotel bills, flights, food etc. at 1.5% is not a bad idea. 

Deal Cadet Deal Cadet
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decideaim wrote:

Can I scan any QR/gpay and pay with Axis Ace to get 5% ??

Bharat qr code can be scanned by gpay n paid by cc. Ace will give 2% on those transactions.

Cool Cool
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panchabhut wrote:

Most people have Flipkart Axis LTF. For the rest, the 2L limit is not just for flipkart spend but for all merchants together.

I am even using this card for Amazon also, incl bill pay/recharge, as it gives higher cashback than ICICI Amz CC when combined with Intermiles.
Most people go for at least one vacation a year. Many travel for official purposes also. Hotel bills, flights, food etc. at 1.5% is not a bad idea. 

Transactions like add to wallet, below 100 amounts would also count towards 2L waiver right?

Deal Lieutenant Deal Lieutenant
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One of my card is Citibank premiermiles
Key points 🗝️
Annual Fee : 3000 + gst – get reward points/miles of 3000 ( approx 1400 rs)
4 miles per 100 – 1.8% redemption on MMT/Goibibo/indigo
10 miles per 100 of flight booking i.e 5%

Deal Subedar Deal Subedar
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Altius wrote:

One of my card is Citibank premiermiles
Key points 🗝️
Annual Fee : 3000 + gst – get reward points/miles of 3000 ( approx 1400 rs)
4 miles per 100 – 1.8% redemption on MMT/Goibibo/indigo
10 miles per 100 of flight booking i.e 5%

mmt goibibo 10x is long gone. Go check the site. Only airline n pm portal. 

Deal Subedar Deal Subedar
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which website have bharatQR fr payment?

Deal Subedar Deal Subedar
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bridges wrote:

Standard Chartered Ultimate :
Flat 3.3% cashback. No limit, no categories, no exclusions. – That means even buying fuel, paying insurance premium or buying gold can also get you the cashback.
₹5000 joining fee, ₹6000 cashback on paying the joining fee.
₹5000 renewal fee, ₹5000 cashback on paying renewal fee.

Its less then 0.83% reward rate considering Rs. 90 redemption fees

the only good e -voucher for redemt is of bigbasket = Rs. 5000/20000 points

value per point =0.25

for 150 u get 5 point, for  Rs 100 u get 5×100/150= 3.33 point=Rs. 0.83%


amazon icici LTF is far beter with 1% on everything even wallet load is your goal

axis ace give 2% on everything except wallet,5% on bill,4% on swiggy/zomato/ola

any rupay platinum debit will give 20% on amazon

Deal Subedar Deal Subedar
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List the cards debit/credit giving points on wallet recahrge

Finance Ninja Finance Ninja
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bridges wrote:

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

@MJ911 Plz add the above line to the main post.

Any specific code to use for 12% on activities?

Deal Lieutenant Deal Lieutenant
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jambui wrote:

mmt goibibo 10x is long gone. Go check the site. Only airline n pm portal. 

Dear,
Let me rephrase .. redemption is present at 1.8% on Goibibo/mmt/indigo
Points earned on airline portal is at 5%
HTH

Deal Newbie Deal Newbie
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decideaim wrote:

Can I scan any QR/gpay and pay with Axis Ace to get 5% ??

Not all GPay bill payments with ACE are having 5% cash back.  For eg, insurance payment got me 2% only.

Deal Cadet Deal Cadet
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demerius2020 wrote:

Its less then 0.83% reward rate considering Rs. 90 redemption fees

the only good e -voucher for redemt is of bigbasket = Rs. 5000/20000 points

value per point =0.25

for 150 u get 5 point, for  Rs 100 u get 5×100/150= 3.33 point=Rs. 0.83%


amazon icici LTF is far beter with 1% on everything even wallet load is your goal

axis ace give 2% on everything except wallet,5% on bill,4% on swiggy/zomato/ola

any rupay platinum debit will give 20% on amazon

StanChart own website shows the value per point is 1.

https://www.sc.com/in/credit-cards/ultimate-car...

Do you own StanChart ultimate ?

If yes, and if this is your own experience (value of the RP), then I will update the main wiki with this information.

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