Best CCs for jewellery & insurance

[Ryzen]

Current Cibil: 807

Age: 35

Monthly Income and Employment status: 2.4 lacs per month post taxes

Top 5 Annual spend categories: 4.4 lacs on insurance. 7L on gold & jewellery.

Preferences for Credit Card Features: To redeem points for hotel & flight bookings.

Reward Preference (Cashback or Reward Points): Reward points

Lounge Access Required: Yes. Non spend based.

I have around 5 LTF cards.

1) IDFC Select (LTF - 2.4L limit) - Use for insurance payments
2) HDFC Swiggy (LTF - 1.3L limit) - Groceries & online spends
3) ICICI Sapohiro (LTF - 5L limit) - Only for 500/- Bookmyshow ticket booking
4) Axis Select (LTF - 12L limit) - offline spends
5) ICICI Amazon (LTF - 5L limit) - Planning to close as shifted my spends to HDFC Swiggy.
6) HDFC Diners Privilege (LTF - 5L limit) - CLOSED

I want to reduce my cards to max 3 cards as it would be easy to manage. I want cards that give good reward points that can be converted into flight & hotel bookings. My major spends coming forward will be gold/jewellery - around 7lacs annually. 4 lacs on insurance for whole family & vehicles. For groceries, utilities I have hdfc swiggy, amamzon ICICI, etc

I have few cards in my mind-
1) HDFC Regalia Gold
2) Axis Horizon( Atlas has jewellery excluded)
3) Amex Platinum Travel

Please give me advice for which cards I should go for in combination for use or single card use. Thanks.

 

[nikhilk21]

1. Reg Gold is the best for jewellery and insurance. See if you can spread your expenses across quarters so that you can hit the quarterly milestone.

2. Horizon can be used for Jewellery, but return not so great compared to Reg Gold as there are no milestone benefits. Insurance is excluded.

See this great thread on Reg Gold Vs Horizon

3. Most jewellers don't accept Amex and levy 1-2% extra for using Amex cards. Insurance is excluded for MR but counted in milestone. You can route via Apay vouchers for getting MR with multiplier as well but small service charge is there. However major issue right now is that Amex has stopped issuing new cards and we're not sure when they will resume.

I would suggest go for Reg Gold and do all your insurance (4L) and jewellery (3.5L) on it. Balance jewellery (3.5L) you can do on Horizon.