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Suggestion on splitting CAR payment among my cards

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arcticvolcano

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Hey everyone!

My wife and I are buying our first car together 🙂 The final value is Rs 8.73 lakhs.
We have the outright funds, and I wanted to use our cards instead of direct NEFT.

My current split up is like this -

  • HDFC Reg Gold (wife's only card. Paid) - 3,00,000 (That is her card limit. and I think that is around 8k RP)
  • AXIS Vistara (regular. Paid ) - 1,25,000 (I already achieved 1.25 for 1ticket, and this is additional 1.25 for the 2nd ticket plus CV points)
  • TATA Neu Infinity (paid) - 1,50,000 (this is my limit. So 2250 Neu coins)
  • Amazon Pay - 1,00,000 (1000 APay cash...My limit is 4.6 lakhs on this card)
  • SBI Simplyclick (paid) - 1,00,000 (this is my limit on this card. 1000 RP and also fee waiver for next year)
  • IndusInd Legend (LTF) - 98,000 (limit is 5 lakhs on this. I think this is 980 RP = 980 Club Vist points)

Apart from these I also have the following cards -
  • ICICI Plat (5 lakhs)
  • FedBank Celesta LTF (3lakhs)
  • RBL World SAFARI LTF (1.6Lakhs)
  • AXIS Airtel (shared 2.76Lakhs with Vistara)
  • IDFC Select (2.4lakhs)
  • HDFC Millenia Paid (shared 1.5lakhs with Neu Infinity).

I would appreciate any suggestions to extract more value from the cards mentioned above. I am using the LEGEND just cuz I have not used it that much. and the 1:1 CV points sounded like a good incentive.

Please let me know if any other combination is better.

Just tagging some people who's views I have found very helpful earlier - @anirban.choudhury @Vasuki @D₹V @manzparty @SSV
 
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Vasuki said:
Aren't they charging you extra on cc payment
If not then

1- do you have idfc wealth account? Or select ? For repayment of cc bill 😁

2- looking at your limits u have to do multiple payment

3- are you traveling person?
The type of reward u r interested in
Click to expand...
No extra cost. They gave an online link through which there is no charge.

1) Not yet, unfortunately. MY accounts are with Fed Bank and Indian bank. Wife's accounts with HDFC and SBI.

2) Yes I will be doing multiple payments only. Using my IndusInd and Axis/IDFC/ICICI/HDFC I can finish it in 2 swipes, but wanted to split for RP.

3) Don't travel a lot. Maybe 5 to 10 times a year.
I dont mind any type of Reward tbh. I know that my Cards aren't lucrative as such.
Which is why we are spending max on wife's HDFC Reg Gold.
And I am splitting mine amongst my cards based on their rewards. The Vistara ticket is definitely useful. and I thought the Neu coins and APay balance would help. Others are just RP which I can accumulate
 
arcticvolcano said:
No extra cost. They gave an online link through which there is no charge.

1) Not yet, unfortunately. MY accounts are with Fed Bank and Indian bank. Wife's accounts with HDFC and SBI.

2) Yes I will be doing multiple payments only. Using my IndusInd and Axis/IDFC/ICICI/HDFC I can finish it in 2 swipes, but wanted to split for RP.

3) Don't travel a lot. Maybe 5 to 10 times a year.
I dont mind any type of Reward tbh. I know that my Cards aren't lucrative as such.
Which is why we are spending max on wife's HDFC Reg Gold.
And I am splitting mine amongst my cards based on their rewards. The Vistara ticket is definitely useful. and I thought the Neu coins and APay balance would help. Others are just RP which I can accumulate
Click to expand...
Then spend on regalia gold 🥇.


Btw get idfc select or wealth u can save 7.5 k-10k on cc bill payment 🤣 itself

If u pay in 2 month its approx 15k u can get .

So bill pay is more lucrative 😁



U can get axis atlas if u have 5-8 days time

I mean u will get the card instantly but card delivery might take time depending on your address
Then u can get 4% on offline spend
 
Vasuki said:
Btw get idfc select or wealth u can save 7.5 k-10k on cc bill payment
Click to expand...
can you elaborate how?
arcticvolcano said:
I would appreciate any suggestions to extract more value from the cards mentioned above.
Click to expand...
Your cards are average and you are spending significant amount so I would suggest get a axis atlas or amex platinum travel (till 4L) you will significantly achieve a lot if utilized better.

BTW Congrats on your car. Which is it?
 
ChurningNoob said:
I got 0 MAB account with IDFC wealth CC, any idea which account would that be and how to upgrade?
Click to expand...
Find 10 lakh get wealth
Talk to bm for account upgrade
He will say maintain for 3 month etc etc ..
Just ask will you or will your not ..🤣
Usually with 10 lakh fund in bank they will give you wealth account.
Or get select then. Push for wealth via select rm
 
Vasuki said:
Find 10 lakh get wealth
Talk to bm for account upgrade
He will say maintain for 3 month etc etc ..
Just ask will you or will your not ..🤣
Usually with 10 lakh fund in bank they will give you wealth account.
Or get select then. Push for wealth via select rm
Click to expand...
I did not read after 10L 🙁
 
ChurningNoob said:
Your cards are average and you are spending significant amount so I would suggest get a axis atlas or amex platinum travel (till 4L) you will significantly achieve a lot if utilized better.

BTW Congrats on your car. Which is it?
Click to expand...
Yeah I am eligible for the ATLAS. But my overall card usage per year is just around 5 to 6.5 lakhs or so. Not sure if I will be able to reach the spend waiver milestone of ATLAS easily.
Also, I am self employed (ITR around 9.5L, no GST registration). Tried AMEX Platinum and GOld a whileback but they replied saying my finances were insufficient, unfortunately.

Got the TATA Punch Adventure Rhythm AMT 🙂
 
Vasuki said:
3.5 lakh cc bill pay from select dc is
30k points in a month
7.5k amazon gv
Click to expand...
Oh this is brilliant! I have a friend who works with IDFC. I was planning to shift my primary account from FED BANK to IDFC or IndusInd or HDFC etc. My e-transfer income (from various clients) is around 1 to 1.2L p.m. Will shift to one of these I guess. I hold FDs worth 10L so maybe I'll shift those
 
Vasuki said:
Find 10 lakh get wealth
Talk to bm for account upgrade
He will say maintain for 3 month etc etc ..
Just ask will you or will your not ..🤣
Usually with 10 lakh fund in bank they will give you wealth account.
Or get select then. Push for wealth via select rm
Click to expand...
ChurningNoob said:
I did not read after 10L 🙁
Click to expand...
For select 3 lakh fund kijiye sir

You don't have to maintain
 
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arcticvolcano said:
Oh this is brilliant! I have a friend who works with IDFC. I was planning to shift my primary account from FED BANK to IDFC or IndusInd or HDFC etc. My e-transfer income (from various clients) is around 1 to 1.2L p.m. Will shift to one of these I guess. I hold FDs worth 10L so maybe I'll shift those
Click to expand...
No need to shift to primary account their algo is shit
Just get select account at 3 lakh IP or wealth with 5 lakh
You only have to maintain 25 or 10k whichever u open
 
arcticvolcano said:
@Walter White and @coolguy1 - would greatly appreciate your inputs too. Thank you 🙂
Click to expand...

Smart move and realisation, hope the negotiation with the dealer wasn't too hard.

Ask them if they accept AmEx and that could get you the highest returns.

Apply for 2 Amex Plat Travel cards under your name and your wife's name.
The milestones are at 4L per year that gets you 40K MR points and 10K Taj Voucher.

Spend entire 8L using that so you'll have 80,000 MR points and 20K Taj Voucher.

And those are enough to cover your 5-star hotel bookings on your next trip!

That's the perfect scenario.

If not possible, second best scenario - Get one under your name, use that combined with Axis Vistara Infinite.

Taking out 7 cards at the dealership might freak out the dealer so I would suggest use 2 or at 3 max.
 
ChurningNoob said:
Include the 9L you will be spending on this car as well, you will be easily hiting the 15L milestone and get lot of points man.

Also, which city and dealer? My TATA dealer is charging me 2.10% non-negotiable
Click to expand...
Couple of issues - I am not in my hometown (where my residence aadhar and also my workplace etc is based off). I doubt they will give me such a high limit outright. At present my Vistara and Airtel AXIS have combined 2.76L and in the app it shows eligible for upgrade to ATLAS. Not sure if it will get its own Limit. But what I am thinking twice about is later on from next year. For the last 3 years, my spends haven't gone over 7Lakhs max.

GREATER NOIDA - SAGAR MOTORS. They charge 2% for swiping physically, but instead they gave their link on payments (dot) cashfree (dot) com where there is no charge.
 
coolguy1 said:
Ask them if they accept AmEx and that could get you the highest returns.

Apply for 2 Amex Plat Travel cards under your name and your wife's name.
The milestones are at 4L per year that gets you 40K MR points and 10K Taj Voucher.
Click to expand...

They don't accept AMEX, unfortunately. That was the first thing they mentioned. Negotiation wasn't an issue. They have an online payment portal, and he said I could pay there without any charges. They charge 2% for using the POS physically.

I was not eligible for the AMEX Plat travel unfortunately (Self employed, 14 to 15L revenue, but only 9 to 9.5L ITR. No GST registered). Amex told me via email about 10 months back that my finances do not meet their criteria as of now.

Thanks a ton for your great suggestions though! Will keep this in mind for our next big purchase 😀
 
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