Hotness What is your credit card strategy?

Hot Deal What is your credit card strategy?

570°
Illusion
Deal Cadet
55
124
0

Hi,

I would like to know your credit card strategy. Which card do you use for what? And the tips and tricks you know to maximize the earnings.

90 Comments  |  
28 Dimers
Illusion
Deal Cadet
55
124
0

This is my strategy:
My monthly credit card spends ranges from Rs.30k to 40k. More than 90% of my transactions are online.

Ola SBI credit card:
Get 7% cashback up to Rs.500 per month for Ola Money transactions.
I use it every month up to Rs.7200 for booking cab, bus, pay bill etc. whichever comes first.
Also, use for my rare offline transactions just to showoff that card.

Standard Chartered Super Value Titanium:
Use it for fuel if the bill amount is above Rs.750. Get 5% cashback.
Use it for broadband bill payment when no other offer is running & get 5% cashback.

SBI Simply Click:
Use it for transactions through Amazon Pay. Mainly used for Swiggy, Abhibus etc.
Apart from that, use it for second booking from BookMyShow.
Earns 2.5% reward points for the above transactions.
Also, use for other miscellaneous online transactions and get 1.25% rewards.

Amazon ICICI credit card:
Use it only for purchases from Amazon. Get 5% cashback.

To payback the credit card bill,
I use the HDFC Millenia debit card for the first Rs.16,000 and get 2.5% cashback up to Rs.400 for that.
Remaining bill amount I pay with SBI card in blocks of Rs.10000.
For each 10k, I get 100 reward points worth Rs.25.

All the bills are paid through Cred to get Cred coins.

My average profit per month comes at around 3% plus cred coins.
I really wanted to get an Axis Flipkart credit card and a DCB Elite Savings account (Flat 1.6% cashback for debit card transactions). Unfortunately, I didn’t get both.

Cropped1042356471905473280
Deal Subedar
87
1063
15
dreamist wrote:

This is my strategy:
My monthly credit card spends ranges from Rs.30k to 40k. More than 90% of my transactions are online.

Ola SBI credit card:
Get 7% cashback up to Rs.500 per month for Ola Money transactions.
I use it every month up to Rs.7200 for booking cab, bus, pay bill etc. whichever comes first.
Also, use for my rare offline transactions just to showoff that card.

Standard Chartered Super Value Titanium:
Use it for fuel if the bill amount is above Rs.750. Get 5% cashback.
Use it for broadband bill payment when no other offer is running & get 5% cashback.

SBI Simply Click:
Use it for transactions through Amazon Pay. Mainly used for Swiggy, Abhibus etc.
Apart from that, use it for second booking from BookMyShow.
Earns 2.5% reward points for the above transactions.
Also, use for other miscellaneous online transactions and get 1.25% rewards.

Amazon ICICI credit card:
Use it only for purchases from Amazon. Get 5% cashback.

To payback the credit card bill,
I use the HDFC Millenia debit card for the first Rs.16,000 and get 2.5% cashback up to Rs.400 for that.
Remaining bill amount I pay with SBI card in blocks of Rs.10000.
For each 10k, I get 100 reward points worth Rs.25.

All the bills are paid through Cred to get Cred coins.

My average profit per month comes at around 3% plus cred coins.
I really wanted to get an Axis Flipkart credit card and a DCB Elite Savings account (Flat 1.6% cashback for debit card transactions). Unfortunately, I didn’t get both.

I don’t know why many dimers get org*sm by posting credit card threads. DD should create a different thread for credit card and bank thing

Missing
Deal Cadet
74
302
7

@dreamist good info. Friend is considering ola sbi card. Btw have you looked at DCB shubh laabh acc,it gives 3500(3.5% interest on 1 lakh)+4800(400/month for swiping your debit card 4 times per month irrespective of amount) so effectively 8.3% on 1 lakh.

Missing
Deal Lieutenant
298
3708
57
dreamist wrote:

This is my strategy:
My monthly credit card spends ranges from Rs.30k to 40k. More than 90% of my transactions are online.

Ola SBI credit card:
Get 7% cashback up to Rs.500 per month for Ola Money transactions.
I use it every month up to Rs.7200 for booking cab, bus, pay bill etc. whichever comes first.
Also, use for my rare offline transactions just to showoff that card.

Standard Chartered Super Value Titanium:
Use it for fuel if the bill amount is above Rs.750. Get 5% cashback.
Use it for broadband bill payment when no other offer is running & get 5% cashback.

SBI Simply Click:
Use it for transactions through Amazon Pay. Mainly used for Swiggy, Abhibus etc.
Apart from that, use it for second booking from BookMyShow.
Earns 2.5% reward points for the above transactions.
Also, use for other miscellaneous online transactions and get 1.25% rewards.

Amazon ICICI credit card:
Use it only for purchases from Amazon. Get 5% cashback.

To payback the credit card bill,
I use the HDFC Millenia debit card for the first Rs.16,000 and get 2.5% cashback up to Rs.400 for that.
Remaining bill amount I pay with SBI card in blocks of Rs.10000.
For each 10k, I get 100 reward points worth Rs.25.

All the bills are paid through Cred to get Cred coins.

My average profit per month comes at around 3% plus cred coins.
I really wanted to get an Axis Flipkart credit card and a DCB Elite Savings account (Flat 1.6% cashback for debit card transactions). Unfortunately, I didn’t get both.

Why didn’t you get the DCB elite account? Did they deny or was it something else? I am thinking of applying so let me know.

How did you get the HDFC Millenia Debit card? Is there an annual fee for that, if yes, how much? I have a HDFC max account, so would I qualify for the Millenia card?

Is it possible to get Statement credit from redeeming SBi simply click card points or redemption is only towards vouchers?

Missing
Deal Cadet
195
475
5
guest_999 wrote:

@dreamist good info. Friend is considering ola sbi card. Btw have you looked at DCB shubh laabh acc,it gives 3500(3.5% interest on 1 lakh)+4800(400/month for swiping your debit card 4 times per month irrespective of amount) so effectively 8.3% on 1 lakh.

DCB subh labh cashback is dependant on AQB maintained. For 4800 cashback, it requires 1L AQB. Not a good option for savings account.


https://cdn0.desidime.com/attachments/photos/602416/original/Screenshot_20200115-182030.png?1579093039

Missing
Deal Cadet
50
450
5

Almost similar to yours:
1. Fuel : SCB Titanium
2. Amazon : Apay icici, unless some other running offer.
3. Flipkart/Myntra : Flipkart Axis, unless some other running offer.
4. Wallet loads : Amex rewards (to achieve the 18K points for 8K Amazon voucher)
5. Electricity Bills : Payzapp (using FK axis) / SCB (5-6%)
6. International Spends (Rarely do.. but still) : HDFC Regalia (low charges on Foreign currency transactions)
7. Railway ticket : IRCTC SBI (No gateway charges and points are very profitable)

All else Flipkart Axis (due to the 1.5% CB)

Lastly will SBI simply click, help in my scenario.. can see it has charges waived off on 1L spends a year. But why take it.. is the 10X rewards that much useful.

Missing
Deal Cadet
74
302
7
Expand
indiansoul wrote:

DCB subh labh cashback is dependant on AQB maintained. For 4800 cashback, it requires 1L AQB. Not a good option for savings account.


https://cdn0.desidime.com/attachments/photos/602416/original/Screenshot_20200115-182030.png?1579093039

You are getting 3500(3.5% interest on 1 lakh)+4800=8300=effectively 8.3% interest on 1 lakh,what more do you want.

Missing
Deal Cadet
82
134
2

Have you actually received the cashback on the millenia card usage for bill payment?
if yes, How long it took to get the cashback?

i used many times on CRED for bill payment but did not get any cashback yet. Then i read somewhere that cb is only on few categories but not sure on this.

Images
Deal Cadet
347
657
6
dreamist wrote:

This is my strategy:
My monthly credit card spends ranges from Rs.30k to 40k. More than 90% of my transactions are online.

Ola SBI credit card:
Get 7% cashback up to Rs.500 per month for Ola Money transactions.
I use it every month up to Rs.7200 for booking cab, bus, pay bill etc. whichever comes first.
Also, use for my rare offline transactions just to showoff that card.

Standard Chartered Super Value Titanium:
Use it for fuel if the bill amount is above Rs.750. Get 5% cashback.
Use it for broadband bill payment when no other offer is running & get 5% cashback.

SBI Simply Click:
Use it for transactions through Amazon Pay. Mainly used for Swiggy, Abhibus etc.
Apart from that, use it for second booking from BookMyShow.
Earns 2.5% reward points for the above transactions.
Also, use for other miscellaneous online transactions and get 1.25% rewards.

Amazon ICICI credit card:
Use it only for purchases from Amazon. Get 5% cashback.

To payback the credit card bill,
I use the HDFC Millenia debit card for the first Rs.16,000 and get 2.5% cashback up to Rs.400 for that.
Remaining bill amount I pay with SBI card in blocks of Rs.10000.
For each 10k, I get 100 reward points worth Rs.25.

All the bills are paid through Cred to get Cred coins.

My average profit per month comes at around 3% plus cred coins.
I really wanted to get an Axis Flipkart credit card and a DCB Elite Savings account (Flat 1.6% cashback for debit card transactions). Unfortunately, I didn’t get both.

Bro, HDFC Millenia Debit card does not give cashback for Cred transactions. No cashback points credited even after waiting for more than 3 months.

Do you get 7% cashback on your Ola SBI Card for OLA money loading transactions?

Missing
Deal Subedar
962
1149
25
dreamist wrote:

This is my strategy:
My monthly credit card spends ranges from Rs.30k to 40k. More than 90% of my transactions are online.

Ola SBI credit card:
Get 7% cashback up to Rs.500 per month for Ola Money transactions.
I use it every month up to Rs.7200 for booking cab, bus, pay bill etc. whichever comes first.
Also, use for my rare offline transactions just to showoff that card.

Standard Chartered Super Value Titanium:
Use it for fuel if the bill amount is above Rs.750. Get 5% cashback.
Use it for broadband bill payment when no other offer is running & get 5% cashback.

SBI Simply Click:
Use it for transactions through Amazon Pay. Mainly used for Swiggy, Abhibus etc.
Apart from that, use it for second booking from BookMyShow.
Earns 2.5% reward points for the above transactions.
Also, use for other miscellaneous online transactions and get 1.25% rewards.

Amazon ICICI credit card:
Use it only for purchases from Amazon. Get 5% cashback.

To payback the credit card bill,
I use the HDFC Millenia debit card for the first Rs.16,000 and get 2.5% cashback up to Rs.400 for that.
Remaining bill amount I pay with SBI card in blocks of Rs.10000.
For each 10k, I get 100 reward points worth Rs.25.

All the bills are paid through Cred to get Cred coins.

My average profit per month comes at around 3% plus cred coins.
I really wanted to get an Axis Flipkart credit card and a DCB Elite Savings account (Flat 1.6% cashback for debit card transactions). Unfortunately, I didn’t get both.

I use the HDFC Millenia debit card for the first Rs.16,000 and get 2.5% cashback up to Rs.400 for that.
using CRED ?

Missing
Deal Subedar
962
1149
25
Expand
asen wrote:

Bro, HDFC Millenia Debit card does not give cashback for Cred transactions. No cashback points credited even after waiting for more than 3 months.

Do you get 7% cashback on your Ola SBI Card for OLA money loading transactions?

7% only on ola postpaid.
1% on ola money wallet

Missing
Deal Cadet
120
828
8
Seinfeld wrote:

Almost similar to yours:
1. Fuel : SCB Titanium
2. Amazon : Apay icici, unless some other running offer.
3. Flipkart/Myntra : Flipkart Axis, unless some other running offer.
4. Wallet loads : Amex rewards (to achieve the 18K points for 8K Amazon voucher)
5. Electricity Bills : Payzapp (using FK axis) / SCB (5-6%)
6. International Spends (Rarely do.. but still) : HDFC Regalia (low charges on Foreign currency transactions)
7. Railway ticket : IRCTC SBI (No gateway charges and points are very profitable)

All else Flipkart Axis (due to the 1.5% CB)

Lastly will SBI simply click, help in my scenario.. can see it has charges waived off on 1L spends a year. But why take it.. is the 10X rewards that much useful.

Which wallets? Aren’t wallet charge extra for credit card transactions?

Missing
Deal Cadet
50
450
5
Expand
B3A5T wrote:

Which wallets? Aren’t wallet charge extra for credit card transactions?

No wallet loading via CC not charged extra. Sometimes I need to load PayTM/MobiKwik wallets.. at that time loaded money from Amex comes handy.

PayTM wallet is very useful for me.. mainly use it for some payments which is not available using any other methods (broadband, fees, local shops etc..). Also I like PayTm as it has no intermediate step for money transfer to friends, who also uses PayTM.

Missing
Deal Lieutenant
298
3708
57
Seinfeld wrote:

Almost similar to yours:
1. Fuel : SCB Titanium
2. Amazon : Apay icici, unless some other running offer.
3. Flipkart/Myntra : Flipkart Axis, unless some other running offer.
4. Wallet loads : Amex rewards (to achieve the 18K points for 8K Amazon voucher)
5. Electricity Bills : Payzapp (using FK axis) / SCB (5-6%)
6. International Spends (Rarely do.. but still) : HDFC Regalia (low charges on Foreign currency transactions)
7. Railway ticket : IRCTC SBI (No gateway charges and points are very profitable)

All else Flipkart Axis (due to the 1.5% CB)

Lastly will SBI simply click, help in my scenario.. can see it has charges waived off on 1L spends a year. But why take it.. is the 10X rewards that much useful.

Are all these cards LTF? If not, how much do you have to spend on each card for fee waiver/reversal or do you pay the annual fees for some cards?

Missing
Deal Cadet
50
450
5
Expand
1cooldesidd wrote:

Are all these cards LTF? If not, how much do you have to spend on each card for fee waiver/reversal or do you pay the annual fees for some cards?

FK axis : ₹500
- 1st year becomes free via FK voucher of ₹500, waived off in 2nd year if you can spend 2L, I would probably reach it as I have some friends who do use the card since I pass them the benefit.

Amazon Icici : ₹0
- This actually gave me money back during signup, most probably ₹750 instead of charging and its LTF.

Amex Rewards :
- It was given as LTF to me few years back, but the profits it has given me is unmeasurable (a bose speaker + 3 times got amazon 8K due to few referrals as well)

SCB Titanium :
- Well somehow this is LTF for me. Still I think on annual 30K spends this is free for all.

IRCTC SBI :
- ₹300 per year, but I do 3 family trips a year and most of the times I earn 2k-3k ₹ per year only for the train bookings, not to mention.. several times my friends use this card to waive off the gateway charges too.. earning me irctc money too

HDFC Regalia : ₹0
- Also Love this card for free bookmyshow movie tickets weekend offer every month.

Dexterslaboratory
Deal Cadet
98
384
9
Expand
thesuspended_op wrote:

I don’t know why many dimers get org*sm by posting credit card threads. DD should create a different thread for credit card and bank thing

Also by reading about these credit card variants, dimers like me get org*sm.
Thinking about the possibilities, ek alag maza ata hai bro.

Excuse me just passing through
Deal Captain
285
11951
72
Expand
Seinfeld wrote:

FK axis : ₹500
- 1st year becomes free via FK voucher of ₹500, waived off in 2nd year if you can spend 2L, I would probably reach it as I have some friends who do use the card since I pass them the benefit.

Amazon Icici : ₹0
- This actually gave me most probably ₹750 instead of charging and its LTF.

Amex Rewards :
- It was given as LTF to me few years back, but the profits it has given me is unmeasurable (a bose speaker + 3 times got amazon 8K due to few referrals as well)

SCB Titanium :
- Well somehow this is LTF for me. Still I think on annual 30K spends this is free for all.

IRCTC SBI :
- ₹300 per year, but I do 3 family trips a year and most of the times I earn 2k-3k ₹ only for the train bookings, not to mention.. several times my friends use this card to waive off the gateway charges too.. earning me irctc money too

HDFC Regalia : ₹0
- Also Love this card for free bookmyshow movie tickets weekend offer every month.

Can you please share details of hdfc regalia BookMyShow offer?

Img 20190728 110145
Deal Subedar
6
2897
32
Expand
rohan8397 wrote:

Also by reading about these credit card variants, dimers like me get org*sm.
Thinking about the possibilities, ek alag maza ata hai bro.

Bandar Kya Jaane Adrak Ka Swaad

Cropped1042356471905473280
Deal Subedar
87
1063
15
Expand
rohan8397 wrote:

Also by reading about these credit card variants, dimers like me get org*sm.
Thinking about the possibilities, ek alag maza ata hai bro.

Weird flex but okay

Missing
Deal Newbie
53
32
0
Expand
asen wrote:

Bro, HDFC Millenia Debit card does not give cashback for Cred transactions. No cashback points credited even after waiting for more than 3 months.

Do you get 7% cashback on your Ola SBI Card for OLA money loading transactions?

HDFC Millenia Debit don’t given any cashback, I’m using it in paytm/mobikwik to pay credit card bill and getting only 1% cb….

I’m HDFC classic customer, so every debit card is free for me.

Ninja tune
Deal Cadet
193
804
12
Expand
midfold wrote:

HDFC Millenia Debit don’t given any cashback, I’m using it in paytm/mobikwik to pay credit card bill and getting only 1% cb….

I’m HDFC classic customer, so every debit card is free for me.

Does HDFC Millenia DC gives cashback for credit card bill payments?
Description says 2.5% for all online spends.

Missing
Deal Newbie
53
32
0
Expand
nimod wrote:

Does HDFC Millenia DC gives cashback for credit card bill payments?
Description says 2.5% for all online spends.

Yes, through Paytm/mobikwik, I’m getting 1% cb

Ninja tune
Deal Cadet
193
804
12
Expand
midfold wrote:

Yes, through Paytm/mobikwik, I’m getting 1% cb

Ever paid directly with Debit Card?
Was it counted for cashback?

Missing
Deal Cadet
50
450
5
Expand
theking wrote:

Can you please share details of hdfc regalia BookMyShow offer?

https://in.bookmyshow.com/offers/visa-buy-one-g...

Basically its 50% discount up to Rs 300 on movies and up to INR 200 off on food combos. Valid on Thursday to Sunday. Do remember that this has limited seats, but if you try at 10am or 4pm.. you will get the offer.

Missing
Deal Cadet
100
172
2

Sorry for off topic but can any dimer help me pay at godaddy using their credit card? It’s only asking for international credit card and my international debit card is not working.If anyone can help please let me know.

PS: amount is very small(less than 2$)

Img 20190728 110145
Deal Subedar
6
2897
32
Expand
midfold wrote:

HDFC Millenia Debit don’t given any cashback, I’m using it in paytm/mobikwik to pay credit card bill and getting only 1% cb….

I’m HDFC classic customer, so every debit card is free for me.

Because Paytm & mobikwik – both are wallets.
And wallet transactions gives only 1% Cashback in case of Millennia DC. In other HChaddiFC debit cards, there is no reward points or cashback for doing wallet transactions.

@nimod

Img 20190728 110145
Deal Subedar
6
2897
32
NoobieNoob wrote:

Sorry for off topic but can any dimer help me pay at godaddy using their credit card? It’s only asking for international credit card and my international debit card is not working.If anyone can help please let me know.

PS: amount is very small(less than 2$)

Which bank debit card it is? And which card network / Type?

Missing