Best Credit Cards 2024 | Category-wise Credit Card Recommendation By TechnoFino

shivamk · Jun 7, 2024

Any recommendations for educational spends?

Card_Crafter · Jun 12, 2024

dexter_greycells said:
@TheGuy @devarshi84 SC Super Value Titanium is no longer issued. I tried from 3 different profiles (1 salaried, 2 self-employed) in 2022 and was turn down within minutes for all 3. I found this Paisabazaar article later -

From https://www.paisabazaar.com/standar...-chartered-super-value-titanium-credit-cards/ -

I am getting it as a pre approved upgrade on my existing PR card along with this offer. 100% CB upto 1500 is not a bad deal.

Any idea whether this card gives 5% CB on any merchant with Utility MCC or only selected merchants? Same for Phone bills ..how is the CB calculated?

dexter_greycells · Jun 13, 2024

P B R G said:
I am getting it as a pre approved upgrade on my existing PR card along with this offer. 100% CB upto 1500 is not a bad deal.

View attachment 57024
Any idea whether this card gives 5% CB on any merchant with Utility MCC or only selected merchants? Same for Phone bills ..how is the CB calculated?

The simple T&Cs were the main reason I got attracted to it though I can't comment definitively since I never got one. I would assume it would work with any utility provider's payment system (not PayTM, Amazon, Google Pay etc).

Card_Crafter · Jun 13, 2024

^^^ Got the answer to my questions.

For receiving 5% cashback on utility and telephone bills, the minimum transaction amount should be INR 750, and the utility and telephone bill should be paid through the Billpay platform of Standard Chartered by logging onto online banking and visiting ‘Bill Payments’ to register.

So it will not work on any other merchant.

helloworld · Jun 27, 2024

P B R G said:
I am getting it as a pre approved upgrade on my existing PR card along with this offer. 100% CB upto 1500 is not a bad deal.

View attachment 57024
Any idea whether this card gives 5% CB on any merchant with Utility MCC or only selected merchants? Same for Phone bills ..how is the CB calculated?

svt:

max. 4000 fuel = 4% cashback + 1% surcharge = 160

utility and phone(read as post paid) bills, min. 750

= 5% cashback = 300 (100+200)

but generally one can use 100. phone bills no use, unless ok with 750.

per month. 6000
cashback. 260

year. 72000 need to spend extra 18k to get waiver or pay 885 fee.

note: above only if you maximize those limits every month x 12 months.

another thing to note:

min. cashback for redemption 1500.

SnooGiraffes8879 · Jul 17, 2024

@TechnoFino EMT SCB Credit card missing for international lounge access. Cheapest card to get international lounge access.

djrocky · Jul 17, 2024

Slightly off topic.
If we take Card EMI offer on any bank card, will it closes the door for card upgrade till the time EMI is active ?
Or there are better chances of card upgrade + EMI can be transferred to the upgraded card?

helloworld · Jul 18, 2024

djrocky said:
Slightly off topic.
If we take Card EMI offer on any bank card, will it closes the door for card upgrade till the time EMI is active ?
Or there are better chances of card upgrade + EMI can be transferred to the upgraded card?

never tried not sure anyone has experience on this? but if upgrade happens then EMI also transferred.

djrocky · Jul 18, 2024

djrocky said:
Slightly off topic.
If we take Card EMI offer on any bank card, will it closes the door for card upgrade till the time EMI is active ?
Or there are better chances of card upgrade + EMI can be transferred to the upgraded card?

@TechnoFino @SSV and experts please suggest.
Personally, I am not in favour of EMI but unfortunately banks are giving more discounts on Emi's on many products either as no cost emi or cash backs which covers emi interests. Not able to find any topic for same.
So what is the impact of EMI on credit card upgrades ?

SSV · Jul 18, 2024

djrocky said:
@TechnoFino @SSV and experts please suggest.
Personally, I am not in favour of EMI but unfortunately banks are giving more discounts on Emi's on many products either as no cost emi or cash backs which covers emi interests. Not able to find any topic for same.
So what is the impact of EMI on credit card upgrades ?

impact is good .. not definitely bad

helloworld · Jul 18, 2024

djrocky said:
@TechnoFino @SSV and experts please suggest.
Personally, I am not in favour of EMI but unfortunately banks are giving more discounts on Emi's on many products either as no cost emi or cash backs which covers emi interests. Not able to find any topic for same.
So what is the impact of EMI on credit card upgrades ?

Cons:

- Have to pay every month until EMI completes
- Have to bear Processing Fee, GST on EMI every month until EMI completes
- Missing any payments (major desire for banks) attracts interest on outstanding amount
- No reward points (for most of the banks)

Pros:

- Able to get the desire product in small equal installments rather large settlement
Based on discount it may or maynot beneficial to end user when availing the product on EMI.

No Cost EMI: PF + GST on EMI Interest have to pay extra which must be less than discount they offered.

Interest based EMI: PF + Interest on EMI + GST on EMI Interest have to pay extra which must be less than discount they offered.

Then only its beneficial.

Again, keep in mind that have to pay every month until it completes (some prefer peaceful night so they pay at once but others it might ok to pay every month), it works as long as they pay, if anycase misses single payment then whole credit card game starts.

Post in thread 'Credit card emi'

Apr 26, 2024

Example:

Direct Payment:

Direct Discount: Pay 65,147 in next statement.. Overall savings 6000 = 8.43%

No hidden maths, extra calculation etc. Just pay 65,147. That's it in next statement (which is within 45 days).

------------------

EMI:

On paper, you saved 44 when compared to direct discount + you no need to pay next month, can be pay in parts to next 6 months..

but,

this is your rough breakup that you pay every month (might vary slightly for exact calculalation)..

So, Processing Fee = 199 (+GST) = 236
Interest = 2932 (+GST) = 3460

total...

https://www.technofino.in/community/members/helloworld.3393/#profile-post-746

djrocky · Jul 18, 2024

helloworld said:
Cons:

- Have to pay every month until EMI completes
- Have to bear Processing Fee, GST on EMI every month until EMI completes
- Missing any payments (major desire for banks) attracts interest on outstanding amount
- No reward points (for most of the banks)

Pros:

- Able to get the desire product in small equal installments rather large settlement
Based on discount it may or maynot beneficial to end user when availing the product on EMI.

No Cost EMI: PF + GST on EMI Interest have to pay extra which must be less than discount they offered.

Interest based EMI: PF + Interest on EMI + GST on EMI Interest have to pay extra which must be less than discount they offered.

Then only its beneficial.

Again, keep in mind that have to pay every month until it completes (some prefer peaceful night so they pay at once but others it might ok to pay every month), it works as long as they pay, if anycase misses single payment then whole credit card game starts.

Post in thread 'Credit card emi'

Apr 26, 2024

Example:

Direct Payment:

Direct Discount: Pay 65,147 in next statement.. Overall savings 6000 = 8.43%

No hidden maths, extra calculation etc. Just pay 65,147. That's it in next statement (which is within 45 days).

------------------

EMI:

On paper, you saved 44 when compared to direct discount + you no need to pay next month, can be pay in parts to next 6 months..

but,

this is your rough breakup that you pay every month (might vary slightly for exact calculalation)..

So, Processing Fee = 199 (+GST) = 236
Interest = 2932 (+GST) = 3460

total...

helloworld

https://www.technofino.in/community/members/helloworld.3393/#profile-post-746

Thanks for detailed explanation that's helpful.
My question is different. Let me ask in a different way. If I take an EMI on any core card say Diners Black for 24 months, will it impact the card upgrade to infinia in future or I need to use any floater card for EMI ?
And can the EMI be transferred to upgraded card which is infinia in this case ?

SSV · Jul 18, 2024

djrocky said:
Thanks for detailed explanation that's helpful.
My question is different. Let me ask in a different way. If I take an EMI on any core card say Diners Black for 24 months, will it impact the card upgrade to infinia in future or I need to use any floater card for EMI ?
And can the EMI be transferred to upgraded card which is infinia in this case ?

YEs, yes and yes to all in a positive way...

helloworld · Jul 18, 2024

djrocky said:
Thanks for detailed explanation that's helpful.
My question is different. Let me ask in a different way. If I take an EMI on any core card say Diners Black for 24 months, will it impact the card upgrade to infinia in future or I need to use any floater card for EMI ?

https://www.hdfcbank.com/personal/pay/cards/credit-cards/credit-card-upgrade-faqs

helloworld · Jul 18, 2024

djrocky said:
Thanks for detailed explanation that's helpful.
My question is different. Let me ask in a different way. If I take an EMI on any core card say Diners Black for 24 months, will it impact the card upgrade to infinia in future or I need to use any floater card for EMI ?
And can the EMI be transferred to upgraded card which is infinia in this case ?

btw, 24 months EMI never be positive in anyway. It maybe just example, but >6 never preferred to get +ve %.

djrocky · Jul 18, 2024

helloworld said:
btw, 24 months EMI never be positive in anyway. It maybe just example, but >6 never preferred to get +ve %.

One example of a 24 month EMI deal on laptop better than direct discount
Hp laptop

manas_rock · Aug 3, 2024

@TechnoFino does HSBC Premier give reward point on tax payments? the reward rate is 3%. Then why is not mentioned in best cards for tax payments?

ash_13 · Aug 8, 2024

Hi ,

I was visiting this forum for some information on Rent Payment. The post/table mentions 2.5% reward for rental payment via Yes Private Credit card. But when i visited the website, i found this mentioned "Minimum 1% of transaction value or Rs 1 whichever is higher will be levied on all Rental and Wallet transactions greater than Rs 1. Please note that rental transactions are capped at 3 per 30 days period and Rental spends do not accrue any reward points."

Request you to kindly make the correction.

garvit99 · Aug 8, 2024

Was trying to find this thread since months, finally found it

shyamnune · Aug 10, 2024

Axis ACE offline rewards has been reduced to 1.5% instead of 2%. Effective 20th April 2024.

Card Type	Card Name	Card's Reward Type	Reward	Capping
Lifetime Free	Amazon Pay ICICI Credit Card	Cashback	5% Cashback on Amazon For Prime Members, 3% For Non Prime Members, 1% on other website	No capping
Entry Level (Fees upto Rs. 1,000)	SBI Cashback Credit Card	Cashback	5% Cashback	Maximum cashback: Rs. 5000 per statement.
	HDFC Millennia Credit Card	Cashback	5% Cashback on Amazon, Flipkart, Myntra	Maximum cashback: Rs. 1000 per statement.
Mid Range (Fees: Rs. 1001 to Rs. 5000)	Axis Atlas Credit Card	Airmiles	4% Airmiles	No capping
	Yes Marquee Credit Card	Reward Points	4.50% Reward Points	No capping
Super Premium (Fees: Rs. 5001 to 12500)	HDFC Infinia Metal Credit Card	Reward Points/Airmiles	Upto 16.66% via smartbuy, 3.33% directly	Maximum 15000 reward points can be earned via smarbuy portal & Maximum 200000 reward points can be earned directly per statement.
	HDFC Diners Club Black Metal Credit Card	Reward Points/Airmiles	Upto 16.66% via smartbuy, 3.33% directly	Maximum 10000 reward points can be earned via smarbuy portal & Maximum 75000 reward points can be earned directly per statement.
	ICICI Emeralde Private Metal Credit Card	Reward Points	3% Reward Points	No capping
Luxury (Fees more than Rs. 12500)	N/A

Card Type	Card Name	Card's Reward Type	Reward	Capping
Lifetime Free	Amazon Pay ICICI Credit Card	Cashback	2% Cashback via Amazon Pay, 1% Cashback directly	No capping
Entry Level (Fees upto Rs. 1,000)	Axis ACE Credit Card	Cashback	5% Cashback via Google Pay	Maximum cashback: Rs. 500 per statement.
	Axis Airtel Credit Card	Cashback	10% Cashback via Airtel Thanks app	Maximum cashback: Rs. 250 per statement.
Mid Range (Fees: Rs. 1001 to Rs. 5000)	HDFC Tata Neu Infinity Credit Card	Cashback	5% Cashback as Neu Coin Via Tata Neu App	No capping
	SBI Vistara Prime Credit Card	Airmiles	2% CV Points	No capping
Super Premium (Fees: Rs. 5001 to 12500)	HDFC Infinia Metal Credit Card	Reward Points/Airmiles	3.33% Reward Points	Maximum 200000 reward points can be earned per statement.
	HDFC Diners Club Black Metal Credit Card	Reward Points/Airmiles	3.33% Reward Points	Maximum 75000 reward points can be earned per statement.
	HDFC Biz Black Credit Card	Reward Points/Airmiles	Upto 16.67% Reward Points	Minimum spends required Rs. 50,000 to earn 5X; Maximum 7500 5X Reward Points Per Month.
Luxury (Fees more than Rs. 12500)	N/A

Card Type	Card Name	Card's Reward Type	Reward	Minimum Transaction Value Required For Earning Rewards	Capping
Lifetime Free	Yes Bank RuPay UPI Credit Card (Virtual)	Reward Point	1%	Rs. 2001 per transaction	Maximum 5000 Reward Points per statement.
	Kiwi Axis Bank RuPay UPI Credit Card	Cashback	1%	No Capping	No Capping
	IndusInd Rupay Platinum Credit Card	Reward Points	0.7% (Cashback)/ 2% (Vistara CV Points)	Rs 100 per transaction	No Capping
Entry Level (Fees upto Rs. 1,000)	Kotak Myntra RuPay Credit Card	Cashback	1.25%	Rs. 2001 per transaction	No Capping
	HDFC Tata Neu Plus Credit Card	Cashback	1% Neu Coin	No Capping	Maximum 500 Neu Coins per statement.
	BOB Snapdeal Credit Card	Reward Point	1%	No Capping	Maximum 500 Reward Points per statement.
Mid Range (Fees: Rs. 1001 to Rs. 5000)	HDFC Tata Neu Infinity Credit Card	Cashback	1.50% Neu Coin	No Capping	Maximum 500 Neu Coins per statement.
Super Premium (Fees: Rs. 5001 to 12500)	N/A
Luxury (Fees more than Rs. 12500)	N/A

Card Type	Card Name	Card's Reward Type	Reward	Capping
Lifetime Free	Amazon Pay ICICI Credit Card	Cashback	2% Cashback via Amazon Pay, 1% if paid directly	No capping
Entry Level (Fees upto Rs. 1,000)	SC Smart Credit Card	Cashback	2% Cashback	Maximum cashback: Rs. 1000 per statement.
Mid Range (Fees: Rs. 1001 to Rs. 5000)	SC Ultimate Credit Card	Reward Points	2% Reward Points	No capping
	SBI Vistara Prime Credit Card	Airmiles	2% CV Points	No capping
	HDFC Tata Neu Infinity Credit Card	Cashback	5% Neu Coin Via Tata Neu App	Maximum 2000 neu coin per day.
Super Premium (Fees: Rs. 5001 to 12500)	HDFC Infinia Metal Credit Card	Reward Points/Airmiles	3.33% Reward Points	Maximum 5000 reward points can be earned per day & maximum 2,00,000 reward points can be earned per statement.
	HDFC Diners Club Black Metal Credit Card	Reward Points/Airmiles	3.33% Reward Points	Maximum 5000 reward points can be earned per day & maximum 75,000 reward points can be earned per statement.
Luxury (Fees more than Rs. 12500)	N/A

Card Type	Card Name	Card's Reward Type	Reward	Fees	Effective Reward	Capping
Lifetime Free	N/A
Entry Level (Fees upto Rs. 1,000)	SC Smart Credit Card	Cashback	2%	1% + 18% GST	0.82%	Maximum cashback: Rs. 1000 per statement.
Mid Range (Fees: Rs. 1001 to Rs. 5000)	SC Ultimate Credit Card	Reward Points	2%	1% + 18% GST	0.82%	No capping
Super Premium (Fees: Rs. 5001 to 12500)	Yes Private Credit Card	Reward Points	2.50%	1% + 18% GST	1.32%	No capping
Luxury (Fees more than Rs. 12500)	N/A

Best Credit Cards 2024 | Category-wise Credit Card Recommendation By TechnoFino

TF Legend

TF Ace

TF Premier

TF Ace

TF Legend

TF Buzz

TF Select

TF Legend

TF Select

TF Reserve

TF Legend

TF Select

TF Reserve

TF Legend

TF Legend

TF Select

TF Select

TF Buzz

TF Buzz

TF Buzz

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