Which is best credit card for monthly fuel spends of 1lac?
HDFC Biz Black with Park Plus
Positives:
1. Less chance of transaction getting flagged and card blocked
2. Park Plus cashback till 150/- (monthly limit)
3. Basic reward rate of 5 points per 150 (3.33% if redeemed for flights and hotels through Smartbuy)
4. At these spends card is effectively free (annual fee waiver on spends of 7.5 lacs)
Negatives:
1. Never know when the MCC changes or an explicit change is mentioned by HDFC
2. For Hotel and Flight redemption through Smartbuy condition is 50% instead of 30% balance payment on retail variants redemption
3. Assumption here is Park Plus shall allow multiple voucher purchases (Max 5999 can be purchased at one go)