What is your credit card strategy?
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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.
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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
@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.
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?
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.
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?
@dreamist regarding SCB SVT.
Now you have to do transaction below ₹2050 including surcharge to be eligible for ₹100 FUEL cashback.
So if you have to pay ₹2500, you will need to split it in 2 to be eligible for cashback (say ₹2000+₹500 or ₹1250+₹1250)
Quoting someone – “Credit Cards (CC) is in the business of transferring money from poor to the rich.’’
Hijacking this thread for a suggestions.
My list of credit cards –
Amazon pay ICICI
SBI simply click
IndusInd platinum aura edge
Bank of Baroda easy
Please suggest usage pattern or strategy. I am mainly concerned about which one of these two used for offline spends.for online I mainly use Amazon pay ICICI for the convenience of reward point redemption but I am open to your suggestion
DCB Elite and DCB Shubh Labh seem to be 2 different types of Savings accounts. Unless we want the 8.3% interest on 1 lac rupees, elite is the best card to get cash back on credit card payments right? Just making sure before applying..
Yes.Take shubh laabh if you want to earn 8.3% on 1 lakh in 12 months or elite if you want to earn 1.6% on all debit card spends subject to max 20k in 12 months.
There is a trick to do payment above 2k. PM me if you want to know.
Pls share..
I recently got icici coral credit card,got it through college id,so its lifetime free,no hidden charges ,75k limit and all the other features which comes with coral credit card.
Yet to learn how to use it efficiently.
How’d you get it through a college id? Were they issuing cards through campus applications?
Not to offend anyone..
Is the 3 percent benefit worth the hassle and mental effort??
Sometimes i find peace in using cash alone….
If you are dealing in large amounts.
SBI card is never free…fee is waived on spend criteria….
Pm me if anyone want to increase his or her credit card spending with some rewards 
Pm
This is. My strategy I have four top premium cards from axis citi hdfc and sc…. Vistara infinite hdfc Diners Black citi prestige and sc ultimate. I also have Amex reserve, gold, platinum travel, sbi simply click, rbl blockbuster, irctc sbi too
what will u do will all these cards?
what do u do?
I run a business involving a lot of payments so do all through that ..All cards are used for different strategies .
Could you please explain more about your strategies? (Which card for what purpose). It’ll be helpful for others.
Okay let me give it a shot,
Amex Platinum travel is useless after 4 lacs so I finish that in the first month of renewal = 10k Taj Vouchers and Flight tickets which I redeem on Spciejet
Amex Gold – 6 Transactions 1000 each gives u 1000 Bonus points per month = I use 5k on Paytm and 1k on Mobikwik ( This gives me like 10K taj voucher again per year )
Reserve gives me offers like the recent one – 4.5 Lac spend 30k Taj Vouchers
Citi Prestige for Unlimited Priority pass + Airline Miles + 10k Taj Voucher – Citi gives me 2X points on forex spends which is like 80% of my spend,
SC Ultimate is good again for foriegn spends and ten domestic spends at 3.3% return on every spend
Diners club black is for all my train tickets, points – flight redemptions , Flipkart, amazon, first cry purchases, Never paid a penny for flight ticket since last 6 years
Axis Vistara infinite is for the Vistara gold -Have a lot of mumbai – delhi travel so is useful for getting the GVK Lounge in mumbai + Vistara lounge in Delhi and when travelling with wife and kid – Gold access + upgrade vouchers useful.Gives me like 4 Business class tickets a year which I try to use on Delhi – Kochi ( If available to maximise returns )
Simply click is for amazon spends if some offers are there or current Flipkart 10% off offer , Gives me like 4K worth Cleatrip vouchers per year on 2 lac spend and around 5k amazon vouchers so pretty much pays for itself at 500 Bucks
Yes First exclusive is a lifetime free card just wanted something from yes so got it but not sure with the recent issues how good it will be going forward.
RBL Card is for movie tickets Bookmyshow 500 off on two tickets per month on 15k Spend ,Trying to cancel this and get popcorn card,
Also have Kotak PVR card which gives 2 tickets on 10k spend useful when we have movies to watch with family.
Did the best I can if you have any specific questions do ask
still Learning the strategies
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.