Best credit card for big ticket offline purchase in a month i.e. a car

[NikhilG]

Hi,
I planned to purchase a car worth 8 to 10 lakhs on road and I want to pay all the amount via credit card. Earlier I thought I would settle for atlas but axis suddenly stopped issuing it. I tried asking for a upgrade my axis neo on a floater basis but they denied to and convinces me to upgrade to horizon which I declined.
Now what other options I have?
I already hold hsbc visa platinum, au lit, sbi cashback, hdfc diners millennia, icici saphiro, amazon pay, indusind tiger, scapia etc.
I hold a idfc private status and can easily get idfc pvt credit card but it's not good imho.
I can open a burgundy account but I'm not sure if I'm comfortable shelling 30k plus gst for m4b( but in case it's a lot profitable I can think about it if it's easier to get)

What do you think I should do?
Or I should pay via my idfc private debit card?

 

[hellowo₹ld]

idfc private CC and redeem for travel purchase using their own protal. or spend using diners millennia and use this as an opportunity to upgrade dcb or upgrade dbc directly and use it.

1. find the MDR they charge u?
2. now, deduct that amount from actual reward rate you're getting from that card?
3. add, any milestone benefits you're getting that card?
4. best one is the card that offer your big ticket purchase.

 

[Anindya98]

idfc private and redeem for travel purchase using their own protal.

IDFC Private DC, so the value of each point will be the same 0.25P. What's the use case of using DC RPs for travel bookings?

 

[hellowo₹ld]

IDFC Private DC, so the value of each point will be the same 0.25P. What's the use case of using DC RPs for travel bookings?

its credit card features & benefits..

1 RP = 1Rs.

 

[Anindya98]

its credit card features & benefits..

1 RP = 1Rs.

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I know about the credit card @NikhilG has IDFC Private DC, not CC

I should pay via my idfc private debit card?

 

[hellowo₹ld]

I know about the credit card @NikhilG has IDFC Private DC, not CC

I hold a idfc private status and can easily get idfc pvt credit card but it's not good imho.

based on this, if @NikhilG can get that credit card. for 1st year and this high value purchase that card provide good value.

 

[NikhilG]

idfc private and redeem for travel purchase using their own protal. or spend using diners millennia and use this as an opportunity to upgrade dcb.

1. find the MDR they charge u?
2. now, deduct that amount from actual reward rate you're getting from that card?
3. add, any milestone benefits you're getting that card?
4. best one is the card that offer your big ticket purchase.

I think I can negotiate to 1 percent mdr charges for cc. Somehow for showroom dc and cc seems same when considering mdr charges. Don't know why.
So when using idfc dc I also lose say 0.6 percent which I would earn on 10 lakh for a month when I kept that money in sa till the time I would have settled bill for cc.

Upgrade to dcb when using millennia is a good idea as well, but seems like hdfc has some problem with me. Any additional hdfc cc I apply via their portal it says your application is already in progress, doesn't even let me apply swiggy cc . I'm eligible for regalia gold which they don't give me so I don't wish to go that route as well.
Should I go for any idfc cc route as I'm already familiar with their portal?

 

[NikhilG]

Just for clarification, do I get 10x on offline spends on idfc private cc?
How many rp I get when I buy a 10 lac car?

 

[NikhilG]

Okay according to chatgpt is 6.6 percent reward rate when redeeming on their travel portal on idfc private cc. I don't mind paying 50k plus gst when they are also giving 50k rp but I don't have any immediate travel spends coming. I had earlier I should have planned that time, so even idfc wealth has 1 rs value on travel redemption I guess?

 

[hellowo₹ld]

Just for clarification, do I get 10x on offline spends on idfc private cc?
How many rp I get when I buy a 10 lac car?

Based on #4 reward structure..

and I'm talking about private credit card.

Base Earn Rate: 10RP/150Rs. = 6.67% (when redeeming points for travel related on their portal otherwise 1.67%)

Based on #7 MDR is 1%, u can get from 0.67% (regular redemption) or 5.67% travel redemption.

Okay according to chatgpt is 6.6 percent reward rate when redeeming on their travel portal on idfc private cc. I don't mind paying 50k plus gst when they are also giving 50k rp but I don't have any immediate travel spends coming. I had earlier I should have planned that time, so even idfc wealth has 1 rs value on travel redemption I guess?

IDFC points no expiry but TnCs can be changed any time. So better redemption, better options.

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/FIRST-Private-Credit-Card-Reward-Points-Terms-and-Conditions.pdf