Paid for my new Car with SBI Elite card

[NIKHILIRM]

Recently I have booked Hyundai Verna IVT and planned to pay the amount with Credit card.
Showroom owner said I have to pay 1.5% charges.
But, Yesterday I have paid booking amount (1.25 lac without charge in good faith) with my SBI Elite card
Today paid 2 lac using Rupay card on UPI(without charge)
Will pay next 8 lac with Elite with 1.5% charges
And rest with UPI CC.

Charges I have to bear 800000*1.5%= 12000

Value back-
1) Annual fee waiver on 10 lac - 5000 rs or 20000 points
2) 10000 points on 3 lac spend
3) Another 10000 points on 4 lac spend
4) 15000 points on 5 lac
5) 15000 points on 8 lac


Total - 50000 + 20000(fee waiver) + 20000 (2 points/100 )

Making all together= 90000 points means 22500
Minus- 12000 charge
So over all 10000 profit.
With that, around 5000 Points on UPI CC.
So total around 12-13000 rs profit even after paying 1.5%

If someone else also used it.. do comment

 

[Swastik]

Nice . .

 

[kaz04]

I hope there is no limit on monthly reward points

 

[Yugi]

Once the transaction is settles and they see extra charge for UPI CC they might ask for extra money, becareful with that.

 

[Swastik]

Once the transaction is settles and they see extra charge for UPI CC they might ask for extra money, becareful with that.

Most merchants just turn off credit card on UPI after seeing extra charges,
Doesn't affect previous customers,
Does affect future customers

 

[NIKHILIRM]

Most merchants just turn off credit card on UPI after seeing extra charges,
Doesn't affect previous customers,
Does affect future customers

Apna kaam banta.. bhaad me jaye janta 😂😂

 

[NIKHILIRM]

I hope there is no limit on monthly reward points

No cap on Elite card, I have made an excel with all my cards and their reward and milestone benefits. After calculating everything, I have came up with this.
Attaching the file, you can use it for your cards as well.

 

[GokulRamalingam]

No cap on Elite card, I have made an excel with all my cards and their reward and milestone benefits. After calculating everything, I have came up with this.
Attaching the file, you can use it for your cards as well.

Thanks. Can you clarify how HDFC MoneyBack gives 5% on insurance payment

 

[HumorSimpson]

Recently I have booked Hyundai Verna IVT and planned to pay the amount with Credit card.
Showroom owner said I have to pay 1.5% charges.
But, Yesterday I have paid booking amount (1.25 lac without charge in good faith) with my SBI Elite card
Today paid 2 lac using Rupay card on UPI(without charge)
Will pay next 8 lac with Elite with 1.5% charges
And rest with UPI CC.

Charges I have to bear 800000*1.5%= 12000

Value back-
1) Annual fee waiver on 10 lac - 5000 rs or 20000 points
2) 10000 points on 3 lac spend
3) Another 10000 points on 4 lac spend
4) 15000 points on 5 lac
5) 15000 points on 8 lac


Total - 50000 + 20000(fee waiver) + 20000 (2 points/100 )

Making all together= 90000 points means 22500
Minus- 12000 charge
So over all 10000 profit.
With that, around 5000 Points on UPI CC.
So total around 12-13000 rs profit even after paying 1.5%

If someone else also used it.. do comment

put commas for numbers like this 22,500 , its hard to read

 

[NIKHILIRM]

No cap on Elite card, I have made an excel with all my cards and their reward and milestone benefits. After calculating everything, I have came up with this.
Attaching the file, you can use it for your cards as well.

Here is the video link

 

[HumorSimpson]

Here is the video link

@Swastik see this

 

[imdjay]

Here is the video link

You need better rewarding cards.
Sometimes I think I should start my own consultation business and become an influencer. 🤣

 

[NeoOnWheels]

Recently I have booked Hyundai Verna IVT and planned to pay the amount with Credit card.
Showroom owner said I have to pay 1.5% charges.
But, Yesterday I have paid booking amount (1.25 lac without charge in good faith) with my SBI Elite card
Today paid 2 lac using Rupay card on UPI(without charge)
Will pay next 8 lac with Elite with 1.5% charges
And rest with UPI CC.

Charges I have to bear 800000*1.5%= 12000

Value back-
1) Annual fee waiver on 10 lac - 5000 rs or 20000 points
2) 10000 points on 3 lac spend
3) Another 10000 points on 4 lac spend
4) 15000 points on 5 lac
5) 15000 points on 8 lac


Total - 50000 + 20000(fee waiver) + 20000 (2 points/100 )

Making all together= 90000 points means 22500
Minus- 12000 charge
So over all 10000 profit.
With that, around 5000 Points on UPI CC.
So total around 12-13000 rs profit even after paying 1.5%

If someone else also used it.. do comment

Recently my Elite card was due for renewal. When I submitted my request to cancel the card, someone from bank called me up and asked if I would like to continue if the charges are waived off which I agreed to since Elite gives you BOGO 500/- offer every month. So the renewal charge benefit is something you can remove from your calculation.

 

[NIKHILIRM]

You need better rewarding cards.
Sometimes I think I should start my own consultation business and become an influencer. 🤣

Bhai jo tha usme se best utilise Kiya.
Baaki I belong to Tier-3 city..yaha banks card easily nahi dete.. especially premium cards

 

[imdjay]

Bhai jo tha usme se best utilise Kiya.
Baaki I belong to Tier-3 city..yaha banks card easily nahi dete.. especially premium cards

wo to hai I agreee.
I was just saying. ager premium card ya better rewarding cards hote.. to return aur accha ho skta tha. ya fir acche se negotiate kerte toh sayd wo MDR bhi pay nahi kerna padta. Bahut logo ne yaha post kia hain.. they made the dealer agree on 0% extra changes.

 

[Desu Sarath]

Recently my Elite card was due for renewal. When I submitted my request to cancel the card, someone from bank called me up and asked if I would like to continue if the charges are waived off which I agreed to since Elite gives you BOGO 500/- offer every month. So the renewal charge benefit is something you can remove from your calculation.

Planning to close the card this year as my FYF ends. Hope they will also give me this.

 

[VasukiVasuki is verified member.]

Once the transaction is settles and they see extra charge for UPI CC they might ask for extra money, becareful with that.

Bhim UPI qr of
Merchant directly issued from bank to current account holder of business has no charges like sbi

 

[NIKHILIRM]

wo to hai I agreee.
I was just saying. ager premium card ya better rewarding cards hote.. to return aur accha ho skta tha. ya fir acche se negotiate kerte toh sayd wo MDR bhi pay nahi kerna padta. Bahut logo ne yaha post kia hain.. they made the dealer agree on 0% extra changes.

I have already taken Cash discount from them of almost 1.5 lac.
Agar usme se thoda kam rahta (1.4 lac or less)to card charges waha barabar ho jate..
I chose cash discount.. kyu jabardasti process lamba karna

 

[imdjay]

I have already taken Cash discount from them of almost 1.5 lac.
Agar usme se thoda kam rahta (1.4 lac or less)to card charges waha barabar ho jate..
I chose cash discount.. kyu jabardasti process lamba karna

I hope you checked with other dealers too.
Anyway, you have already bought toh fir Matlab nahi banta ye sab calculation ker ke.


But if anyone is going to buy the car in the future, this is for you, make sure you negotiate with multiple Dealers.

 

[callsignmaverick]

Recently I have booked Hyundai Verna IVT and planned to pay the amount with Credit card.
Showroom owner said I have to pay 1.5% charges.
But, Yesterday I have paid booking amount (1.25 lac without charge in good faith) with my SBI Elite card
Today paid 2 lac using Rupay card on UPI(without charge)
Will pay next 8 lac with Elite with 1.5% charges
And rest with UPI CC.

Charges I have to bear 800000*1.5%= 12000

Value back-
1) Annual fee waiver on 10 lac - 5000 rs or 20000 points
2) 10000 points on 3 lac spend
3) Another 10000 points on 4 lac spend
4) 15000 points on 5 lac
5) 15000 points on 8 lac


Total - 50000 + 20000(fee waiver) + 20000 (2 points/100 )

Making all together= 90000 points means 22500
Minus- 12000 charge
So over all 10000 profit.
With that, around 5000 Points on UPI CC.
So total around 12-13000 rs profit even after paying 1.5%

If someone else also used it.. do comment

That's the way to go if you can convince the dealers. I just hope you have checked the MCC or ensured that the reward points are reflected in your account for the 1.25 lac that you have paid. I have seen cases here where people followed the same approach but since the merchant mcc wasn't proper they ended up paying extra charges but not getting any reward points at all.