Best LTF to add in collection

[Baki]

Here is List of Cards i have.

Axis Magnus
Axis Flipkart
Axis ACE
BOB eterna
HDFC Business regalia LTF
HDFC swiggy
HDFC TATA Neu infinity FYF
HDFC UPI (Virtual rupay)
IDFC First Select LTF
SBI Cashback FYF
SBI Prime (Closed)
SBI Simplyclick
ICICI MMT LTF
ICICI Apay LTF
AU LiT LTF

I don't pay fees on any of the card, As i meet Spend based Criteria Nearly on all, So i will add on LTF now, Suggest me best LTF & Its benefits (Keeping Cibil inquiries in mind)

 

[Baki]

What is the resale price you are getting from any gold shop?

Same as market price, but excluding gst.

 

[drsel]

Same as market price, but excluding gst.

So your guaranteed loss is only the GST?
Is there no buy--sell spread for the dealers to make money?

 

[Baki]

So your guaranteed loss is only the GST?
Is there no buy--sell spread for the dealers to make money?

Most 24k gold coins comes with buyback gurantee, my jeweller exchange without any hasle as my mom make jewellery frequently, instead of paying for market gold price we pay by gold.

 

[Survivor35]

Smart strategy bro

 

[drsel]

Most 24k gold coins comes with buyback gurantee, my jeweller exchange without any hasle as my mom make jewellery frequently, instead of paying for market gold price we pay by gold.

But can't you grow your cash faster than appreciation in the price of gold?

 

[Baki]

But can't you grow your cash faster than inflation in the price of gold?

MOTHER's jewellery is still gold 18k though, Fulfilling my mother's desires + On avg gold gives 12% PA return beats inflation easily.

 

[drsel]

MOTHER's jewellery is still gold 18k though, Fulfilling my mother's desires + On avg gold gives 12% PA return beats inflation easily.

You didn't understand the question.
I am asking you if you can't invest your money in assets which appreciate faster than gold

 

[drsel]

Gold has only sentimental value, and hardly any utility value except ornamental show.

It does not generate any income in the form of dividends interest or rent

 

[Baki]

Gold has only sentimental value, and hardly any utility value except ornamental show.

It does not generate any income in the form of dividends interest or rent

Gold can be bought in Pieces (6k) Property can't, So collect gold in chunks,than Buy a big property when these chunks Become a block.

Otherwise sgb could get u 2.5% return, But u have to wait for 5 years for return to be tax free.

 

[Baki]

You didn't understand the question.
I am asking you if you can't invest your money in assets which appreciate faster than gold

I do its 20,20, 60 for me, I invest monthly 20% in gold 20% in FDs, (Safe sides) & 60% in Business (bit risker), property (safe) & all.

 

[TheGuy]

But u have to wait for 5 years for return to be tax free

8 Years (maturity) for tax free.

 

[Baki]

8 Years (maturity) for tax free.

Yeah 😬

My bad, but buying with instant discounts in sales still the best option for me.

 

[TheGuy]

buying with instant discounts in sales still the best option for me.

Totally. Physical Gold is Physical.
SGB relies on Govt. goodwill.

Do you always scout for sales discount on gold or there is some feed/ system? Currently I see DesiDime and search for 'Gold' there or go and look on amazon etc on sale days.

 

[AritraSaha]

Here is List of Cards i have.

Axis Magnus
Axis Flipkart
Axis ACE
BOB eterna
HDFC Business regalia LTF
HDFC swiggy
HDFC TATA Neu infinity FYF
HDFC UPI (Virtual rupay)
IDFC First Select LTF
SBI Cashback FYF
SBI Prime (Closed)
SBI Simplyclick
ICICI MMT LTF
ICICI Apay LTF
AU Xcite Ultra Add-on LTF

I don't pay fees on any of the card, As i meet Spend based Criteria Nearly on all, Will be closing magnus In Jan 24. AS RENEWAL IN feb, So i will add on LTF now, Suggest me best LTF & Its benefits (Keeping Cibil inquiries in mind)

Only one question..

Why the hdfc upi virtual cc?

 

[insight]

Why the hdfc upi virtual cc?

How many Virtual RuPay cards out there? Are any LTF? or FYF?

 

[AritraSaha]

How many Virtual RuPay cards out there? Are any LTF? or FYF?

Well I don't have a no in my head..
Some of them
Kiwi axis , kotak, nobank.

Icici also there if you willing to have a physical.

This all are LTF.

 

[Baki]

Totally. Physical Gold is Physical.
SGB relies on Govt. goodwill.

Do you always scout for sales discount on gold or there is some feed/ system? Currently I see DesiDime and search for 'Gold' there or go and look on amazon etc on sale days.

I kept Gold pendants in amazon save later, & Check amazon Nearly Daily (as i shop daily for businsss needs + Banks sends mail for card offers as i own nearly all the major bank credit cards.)

I shopped around 40g gold all
With instant discounts this month (Saved around 40k) from today market price

 

[Baki]

Only one question..

Why the hdfc upi virtual cc?

I collect cards for fun. (Jocking)

50k in year is no big deal for me, Just when i exploit my all cards than i use to pay insurances once a year from this card + for instant discounts in sales to. (Rarely 0 offer on hdfc these days, might close this one in near feature)