What is the best credit card for monthly 5L+ spend?

[hockey]

What is the best credit card for monthly 5L+ spends(international spends in USD/GBP)? Whatever gives the best bang for buck for travel.

Currently hold just one CC - HDFC regalia LTF

 

[theranos]

Axis Reserve for forex 2-3 lakh spends gives rewards in double digits to start with
followed by Citi prestige/Axis atlas or any private banking credit card
can also consider amex Centurion if 60 lakh annual spends are counted but eligibility is tricky to get the card ...if that's solved Centurion is the no nonsense choice

 

[anirban.choudhuryanirban.choudhury is verified member.]

Axis Reserve for forex 2-3 lakh spends gives rewards in double digits to start with
followed by Citi prestige/Axis atlas or any private banking credit card
can also consider amex Centurion if 60 lakh annual spends are counted but eligibility is tricky to get the card ...if that's solved Centurion is the no nonsense choice

Centurion is a invite only card , it can’t be applied, as per my knowledge only offered to certain elite customer using plat charge and spending above 50 lakhs a month , also it is offered to public figures mostly . If the spends are entirely on international spends , it’s advisable to get a zero forex markup are like burgundy private credit card , Reserve forex charges are 2% , but that can be compensated with extra reward points that it offers

 

[NewUser]

Currently hold just one CC - HDFC regalia LTF

First of all, upgrade to Infinia. At 5L monthly spends, any HDFC representative would gladly hand out Infinia. In fact, ask for Infinia LTF. Infinia LTF(metal) is unheard of, but then 60L per annum spend is equally unlikely, so they may be able to cater(no harm in asking). Besides, Infinia gives lowest markup fee of 2% on all foreign currency transactions.

Whatever gives the best bang for buck for travel.

Another reason for Infinia would be to get the unlimited lounge access while travelling. Get an Amex platinum charge or something for Amex lounges(need to verify if Amex plat charge gives lounge access).

 

[Sudheep]

What is the best credit card for monthly 5L+ spends(international spends in USD/GBP)? Whatever gives the best bang for buck for travel.

Currently hold just one CC - HDFC regalia LTF

IMO magnus+reserve combo seems best in terms of value

 

[hockey]

Axis Reserve for forex 2-3 lakh spends gives rewards in double digits to start with
followed by Citi prestige/Axis atlas or any private banking credit card
can also consider amex Centurion if 60 lakh annual spends are counted but eligibility is tricky to get the card ...if that's solved Centurion is the no nonsense choice

Centurion is a invite only card , it can’t be applied, as per my knowledge only offered to certain elite customer using plat charge and spending above 50 lakhs a month , also it is offered to public figures mostly . If the spends are entirely on international spends , it’s advisable to get a zero forex markup are like burgundy private credit card , Reserve forex charges are 2% , but that can be compensated with extra reward points that it offers

First of all, upgrade to Infinia. At 5L monthly spends, any HDFC representative would gladly hand out Infinia. In fact, ask for Infinia LTF. Infinia LTF(metal) is unheard of, but then 60L per annum spend is equally unlikely, so they may be able to cater(no harm in asking). Besides, Infinia gives lowest markup fee of 2% on all foreign currency transactions.


Another reason for Infinia would be to get the unlimited lounge access while travelling. Get an Amex platinum charge or something for Amex lounges(need to verify if Amex plat charge gives lounge access).

Thanks everyone for the replies. So Axis reserve is best in terms of reward points?
Here's the details from Axis reserve website-
50000 reward points on card activation and renewal
15 edge reward points for every Rs.200 spent
2X rewards on international spends

So 30 edge reward points for every 200 spent?

 

[lucky]

RBL World Safari, 0% on all Forex Spends(NO REWARD POINTS ON FX Spends)
Benefits:
-Milestone Benefits 10,000p, 15,000p, INR 10,000/- Voucher on 2.5L, 5L, 7.5L Spends Respectively
-Being Mastercard Variant FX Rates are always Cheaper than VISA/AMEX/DINERS

Also for Some MCCs Reward Points are not Eligible in Cards like Magnus/Reserve/Indusind/Axis ONE. For ex. Financial Institutions and Money Transfers Services like WISE and many more Uncategorised/Wrongly Categorised MCCs and they Tag them Under No Rewards. In such cases RBL WORLD SAFARI can be Handy as 0% FCY, which saves Hell Lot of money in Transactions which in your case is > 5L.

If You are looking for International Transactions on 1 or 2 Specific Merchants Do check for same when First bill is Generated is RPs Credit or not and Choose Primary Card Accordingly.

 

[lucky]

Thanks everyone for the replies. So Axis reserve is best in terms of reward points?
Here's the details from Axis reserve website-
50000 reward points on card activation and renewal
15 edge reward points for every Rs.200 spent
2X rewards on international spends

So 30 edge reward points for every 200 spent?

Yes 30 Edge Points on Every 200 spent on Reserve.

Also Consider Prestige(Mastercard if they Give) but Eligibility for that is HUGE if Fresh Application. Existing Citi Holder Above 3L Limit can Upgrade to Prestidge(I read in TF someone Upgrading that way)

 

[bugmenot]

Best cards for forex would be these

1. Upgrade regalia to infinia/DCB. HDFC has a special program called global value program for forex spend, you get 1% discount/cashback for forex upto ₹1,000
https://offers.smartbuy.hdfcbank.com/offer_details/global-value-program---gvp/19187/Zmykm2o=

2. Axis Burgundy private offers one card which has highest reward rate among all axis cards and zero forex

3. Next in Axis is reserve for higher reward for international spend and then Magnus for famous 1L milestone

4. Club Vistara IndusInd Bank Explorer Credit Card - not that much good compare to axis vistara card but it offers zero forex and point transfer to vistara

 

[hockey]

Best cards for forex would be these

1. Upgrade regalia to infinia/DCB. HDFC has a special program called global value program for forex spend, you get 1% discount/cashback for forex upto ₹1,000
https://offers.smartbuy.hdfcbank.com/offer_details/global-value-program---gvp/19187/Zmykm2o=

2. Axis Burgundy private offers one card which has highest reward rate among all axis cards and zero forex

3. Next in Axis is reserve for higher reward for international spend and then Magnus for famous 1L milestone

4. Club Vistara IndusInd Bank Explorer Credit Card - not that much good compare to axis vistara card but it offers zero forex and point transfer to vistara

Will infinia be better than Axis lineup?

 

[bugmenot]

Will infinia be better than Axis lineup?

No due to devaluation. Most of infinia holders moved to magnus/reserve.

 

[NewUser]

Will infinia be better than Axis lineup?

I don't think so. Infinia is better than Magnus only when the monthly spends are below 1L. With the axis lineup, you get the benefits of other Axis cards as well as mentioned in other comments

 

[Oscar]

If it is not for Airmiles, Magnus is good only for 1L spends to avail milestone benefits. I would vote for IDFC Wealth card as it gives 10X rewards post 30K spends, next I prefer HDFC Infinia