# In search of best value back credit card

1500°
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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bridges wrote:

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.

math

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demerius2020 wrote:

math

Here is the math -

5 Reward points/₹150 spent.
Each reward point carries value of 1₹ (SC’s own website)
That is ₹5/₹150 spent. Which is ₹3.33/₹100 spent.

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bridges wrote:

Here is the math -

5 Reward points/₹150 spent.
Each reward point carries value of 1₹ (SC’s own website)
That is ₹5/₹150 spent. Which is ₹3.33/₹100 spent.

Reward catalogue contains Amazon egv?

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dhinchakrohit wrote:

Reward catalogue contains Amazon egv?

No.

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bridges wrote:

No.

Ok, which is the best option available then for redemption

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bridges wrote:

Here is the math -

5 Reward points/₹150 spent.
Each reward point carries value of 1₹ (SC’s own website)
That is ₹5/₹150 spent. Which is ₹3.33/₹100 spent.

IF Each reward point carries value of 1₹ (SC’s own website) why dont SC credit the same amount as statement credit 1RP=1₹ ?

why NOT they will ever do it if 1RP=1₹ ?

am i missing some thing ??

oh yes ,its elementary math

1RP=/=1₹

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dhinchakrohit wrote:

Ok, which is the best option available then for redemption

even amazon provide 4% on bigbasket vouchers

also Rs. 90 +gst charges every time u try to redemtion

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demerius2020 wrote:

IF Each reward point carries value of 1₹ (SC’s own website) why dont SC credit the same amount as statement credit 1RP=1₹ ?

why NOT they will ever do it if 1RP=1₹ ?

SC is giving points. Points get accumulated. And you can redeem them on their website. Statement credit is not their system.

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demerius2020 wrote:

even amazon provide 4% on bigbasket vouchers

also Rs. 90 +gst charges every time u try to redemtion

True. The way SC charge redemption fees, it makes their credit card reward system awful – for any credit card.

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bridges wrote:

SC is giving points. Points get accumulated. And you can redeem them on their website. Statement credit is not their system.

yes
and they give vouchers from website with inflated price so as to force u to buy from them , but not from amazon/flipkart which have fair pricing

so the only website which have somewhere competittive price is bigbasket where voucher redemtion make value of 0.86% = reward vale of this card

STOP , talking in 5X  and 10X but talk in terms of %profit a customer will get for Rs. 100 spend

and then there is redemption fees +gst from customer pocket

Hi @ MJ91,

Can you please update this line -

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

with the below new line -

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)

bridges wrote:

Hi @ MJ91,

Can you please update this line -

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

with the below new line -

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)

@MJ911

Op you tagged incomplete  id ,  it’s Mj911.

thanks for correcting the typo.

bridges wrote:

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 ,

Please replace the IDFC credit card line with the above two lines.

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bridges wrote:

Dear @MJ911 ,

Please replace the IDFC credit card line with the above two lines.

Done😃

Standard chartered (last in deal wiki)ki fee hata di jaye toh best card hai

I would like to update the wiki with Fuel focused cards with this info -

Benefits in terms of Rupee value:

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

Do let me know if you have more information on these cards or you want to add any other cards in this category.

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demerius2020 wrote:
yes
and they give vouchers from website with inflated price so as to force u to buy from them , but not from amazon/flipkart which have fair pricing

so the only website which have somewhere competittive price is bigbasket where voucher redemtion make value of 0.86% = reward vale of this card

STOP , talking in 5X  and 10X but talk in terms of %profit a customer will get for Rs. 100 spend

and then there is redemption fees +gst from customer pocket
Inflated price is for general. If you hold utlimate card - price will be 1000 points for 1000 rs voucher - whether its for bigbasket or croma or any shopping site
bridges wrote:

I would like to update the wiki with Fuel focused cards with this info -

Benefits in terms of Rupee value:

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

Do let me know if you have more information on these cards or you want to add any other cards in this category.

Imo, HDFC IOCL is the best card for fuel spends as Octane has 1500+gst annual fees and HDFC card can be obtained LTF. But does it work on other than HDFC POS machine on IOCL?