Best cards for hotel spends

[AJ-]

Hi,
My monthly spends are as follows
1. Hotel - 1.5 to2.5L per month( domestic)
2. Rent - 81k
3. Grocery - 5 to 7L
4. Utility - 50k - 60k
5. Shopping 50k
6. Other all spends - 1L
I have Magnus, Vistara infinite, Ace, Diners privilege, Indusind Pinnacle, Idfc select, One, amz icici, sbi cb & prime etc.
Most of my spends are hotel & grocery. Axis executive suggested me Atlas which gives 5x edge miles on hotel spends. is there any other card which gives good return like atlas? Also suggest me good card for grocery.

 

[Tosh]

Go ahead with axis Trifecta

 

[Copycat]

Hi,
My monthly spends are as follows
1. Hotel - 1.5 to2.5L per month( domestic)
2. Rent - 81k
3. Grocery - 5 to 7L
4. Utility - 50k - 60k
5. Shopping 50k
6. Other all spends - 1L
I have Magnus, Vistara infinite, Ace, Diners privilege, Indusind Pinnacle, Idfc select, One, amz icici, sbi cb & prime etc.
Most of my spends are hotel & grocery. Axis executive suggested me Atlas which gives 5x edge miles on hotel spends. is there any other card which gives good return like atlas? Also suggest me good card for grocery.

What Tosh suggested is explained in some detail here: https://www.technofino.in/community/threads/axis-trifecta-axis-reserve-axis-magnus-axis-atlas.3987/
BTW, is that a typo or are your monthly grocery spends 5-7 lakhs? If yes, it sounds like commercial spends which banks generally frown upon

 

[TheMentalist]

use vouchers from Gyftr EdgeRewards for extra reward value

 

[AJ-]

Go ahead with axis Trifecta

already hold ace, vi, and magnus from axis. how can i get reserve, if i close ace?
My wife hold Fk axis only for last 6 months with 59k limit only, other cards with 2.5L limits. Axis ex said magnus not possible, vistara infinite and Atlas is possible for her.

 

[AJ-]

What Tosh suggested is explained in some detail here: https://www.technofino.in/community/threads/axis-trifecta-axis-reserve-axis-magnus-axis-atlas.3987/
BTW, is that a typo or are your monthly grocery spends 5-7 lakhs? If yes, it sounds like commercial spends which banks generally frown upon

Got interest on trifecta only after reading this.
Yes most of my Hotel and grocery are business spends.
Sometimes hotels bill goes upto 15 lakhs pm and max 50L/annum. (offline payment @hotel desk)
Grocery 50 to 80L pa. (mostly online daily payments)
International spends - 3-5L / annum.
I keep my spending pattern limited to 25% per category.

 

[AJ-]

use vouchers from Gyftr EdgeRewards for extra reward value

Yes, using from last month. Agv is limited to 10k only?

 

[SiddharthR]

Got interest on trifecta only after reading this.
Yes most of my Hotel and grocery are business spends.
Sometimes hotels bill goes upto 15 lakhs pm and max 50L/annum. (offline payment @hotel desk)
Grocery 50 to 80L pa. (mostly online daily payments)
International spends - 3-5L / annum.
I keep my spending pattern limited to 25% per category.

Have you ever faced any temp/permanent ban from any bank for using personal CC instead of business CC for business spends?

 

[Theo]

There can be multiple permutations and combinations to maximize the benefit. A lot depends on the cards that you can have and the credit limits that are available on different cards.

 

[AJ-]

Have you ever faced any temp/permanent ban from any bank for using personal CC instead of business CC for business spends?

No, i always keep my spending pattern mixed in all categories. and never swiped or used more than 50k per category per card. Having limit of 30L from all bank card works for me.

 

[Theo]

Have you ever faced any temp/permanent ban from any bank for using personal CC instead of business CC for business spends?

Is there any rule that personal card cannot be used for business spends?

 

[Tosh]

Yup

 

[Theo]

Would be helpful if you can guide to some T&Cs that state this....

 

[SiddharthR]

@Theo , afaik Business CC charge more MDR than Personal CC and this cause losses to banks, from both sides i.e. less MDR and more benefits given to CC holder which are not present in Business CCs.
An example is that Axis terminated Ace for business spends

 

[Theo]

I can understand the commercial rationale but there is no rule that restricts it. It is advisable but not prohibited generally. See below links:

https://www.hdfcbank.com/personal/resources/learning-centre/pay/using-personal-credit-card-for-business-expenses

Should You Use Your Personal Credit Card for Your Business Needs? - Razorpay Capital

Although you can use a personal credit card for business expenses, that doesn't mean that you should. Read on to find out why.

razorpay.com

 

[SiddharthR]

I can understand the commercial rationale but there is no rule that restricts it. It is advisable but not prohibited generally. See below links:

https://www.hdfcbank.com/personal/resources/learning-centre/pay/using-personal-credit-card-for-business-expenses

Should You Use Your Personal Credit Card for Your Business Needs? - Razorpay Capital

Although you can use a personal credit card for business expenses, that doesn't mean that you should. Read on to find out why.

razorpay.com

What do you think about Ace?

 

[Theo]

Read the T&C, for this card there appears to be a restriction like I mentioned generally not prohibited. Perhaps this is a cash back card that is why....SBI cash back has a limited of maximum 10k per card and no similar restriction..

 

[SiddharthR]

Read the T&C,for this card there appears to be a restriction like I mentioned generally not prohibited

Where and which card?

Perhaps this is a cash back card that is why....SBI cash back has a limited of maximum 10k per card and no similar restriction..

That's not limited for many, earlier everyone had thought that it is 5% upto 500.

 

[AJ-]

@Theo @siddhartR I am using my credit card for my personal and business expenses for last 10 years. Never received any call or mail from bank about any transaction i done. always kept my credit utilisation ratio below 50% max and never missed any payments till date. Is there any business card which gives good reward?

 

[Theo]

Sorry I meant, I read the T&C of ACE and noted that there was restriction on business spends. But this restriction does not seem to appear on other Axis cards...at least I could not see