CCcollectors - What are the best Cards to hold today?

[Pr@k]

with all the available information on them lets Remove Magnus/Reserve , Infinia & AMEX Plat Charge from the list.

What are the others cards you hold and would recommend to others.

 

[jade]

Could you elaborate?

MRCC may be one of the best in terms of rewards. Spending Rs 6000 and getting 1000 rewards points is good. Moreover the redemption option AMEX provides is wide. My strategy would be if I can spend one lakh in a month, I would use Magnus. If I cannot spend one lakh, I would use MRCC for Rs 6000 and then proceed with SBI Cashback for rest of my expenses

 

[S.S.]

I plan to keep only the below credit cards and close the rest of the cards (all citi 2+ Amex 3+ some other cards ) to keep it simple.

Axis Magnus (paid) - For 1L milestone ( And above 200/-)
HDFC infinia (paid) - Below 200/- and After Magnus 1L limit is reached
Tata neu RuPay (LTF) - For all chai/ pan shops that don't accept cards.
( I still miss DCB 33% unlimited + citi gold debit 22% )

I believe the above will give decent returns (20-30+ %) on spending around 20-22 lakh or more /yr. I don't see much value in keeping and juggling 6-10 cards to increase returns by 3-4 % Max.

The above theory applies to the number of stocks/ MF/ properties. The increased number may start taking a toll on the stress side due to every time decision-making.
Maybe I am getting old 🙂

What's the requirement for infinia? And what if we can't get infinia? Then what to replace it with.

 

[lucknowrox]

What's the requirement for infinia? And what if we can't get infinia? Then what to replace it with.

I personally hold DCB currently and find its 3.3% flat reward structure hassle free after I exhaust my 1 lac Magnus limit. Moreover Smartbuy is still rewarding if not the best if used wisely plus the monthly DCB milestones of 80K, 5L Fee waiver limit, & International lounge access for Primary & Addon Holders (Biggest drawback of Magnus after 8 free guest visits) as well as other memberships

Also HDFC redemption (Hotel/Flights) is simpler to use if one counts that as a plus since not much planning is required.

 

[Lord Of Darkness]

Really precise and crisp. Magnus & Infinia (Both paid) I feel are a satisfactory combo for most use cases. Any LTF cards are an added bonus and can be used for that one time bank offer.

Any reason for closing all 3 Amex cards ?

What's your strategy for wallet loads?
Both the cards don't give any points on wallet loads.

 

[Lord Of Darkness]

What's the requirement for infinia? And what if we can't get infinia? Then what to replace it with.

Hdfc diners club black is a great card to have if you can't get infinia.

3.3% rewards on most spends, plus if you use smartbuy you can get 3x and more RPs.

 

[sv004]

Yea but acceptability is shit

 

[Lord Of Darkness]

Yea but acceptability is shit

People who have DCB own atleast 2 or 3 backup cards anyways.

But yea acceptability can be a problem , but I personally did not face much issues offline/ online for majority of my spends.

 

[sv004]

People who have DCB own atleast 2 or 3 backup cards anyways.

But yea acceptability can be a problem , but I personally did not face much issues offline/ online for majority of my spends.

I had dcp and it was rejected at many places and even websites. Finally switched to millennia. Its always better to have cards on visa and mc platform

 

[Lord Of Darkness]

I had dcp and it was rejected at many places and even websites. Finally switched to millennia. Its always better to have cards on visa and mc platform

It's necessary to have backup cards on MC/Visa platform.

Just coz it is not accepted at few places doesn't make it a bad card. The rewards far outweigh the issue of non acceptance.

 

[sv004]

It's necessary to have backup cards on MC/Visa platform.

Just coz it is not accepted at few places doesn't make it a bad card. The rewards far outweigh the issue of non acceptance.

What is the use of that card when i cant use credit limit at place i want.

 

[Lord Of Darkness]

What is the use of that card when i cant use credit limit at place i want.

If it doesn't work for you, there is no point holding it. It's better to close the card and stick to the more accepted MC/Visa Network.

 

[lucknowrox]

What's your strategy for wallet loads?
Both the cards don't give any points on wallet loads.

I personally do not use wallet loads so doesn't concern me.

It's necessary to have backup cards on MC/Visa platform.

Just coz it is not accepted at few places doesn't make it a bad card. The rewards far outweigh the issue of non acceptance.

+1

IMHO DCB if used properly can be quite rewarding. But yes at some portals there are acceptance issues and there is no denying that fact.
Therefore Magnus+DCB/Infinia I feel is a great combo to have.

 

[Lord Of Darkness]

I personally do not use wallet loads so doesn't concern me.

+1

IMHO DCB if used properly can be quite rewarding. But yes at some portals there are acceptance issues and there is no denying that fact.
Therefore Magnus+DCB/Infinia I feel is a great combo to have.

Totally agree 100% with this.
I currently use Magnus + DCB + SC Ultimate (for wallet). So these cards I would say are my primary cards.

 

[Wealth is my birth right!]

Before magnus the core purpose of diners club card is the unlimited lounge feature
Now those who have magnus can try upgrading dcb to infinia

 

[manishtaneja90]

I plan to keep only the below credit cards and close the rest of the cards (all citi 2+ Amex 3+ some other cards ) to keep it simple.

Axis Magnus (paid) - For 1L milestone ( And above 200/-)
HDFC infinia (paid) - Below 200/- and After Magnus 1L limit is reached
Tata neu RuPay (LTF) - For all chai/ pan shops that don't accept cards.
( I still miss DCB 33% unlimited + citi gold debit 22% )

I believe the above will give decent returns (20-30+ %) on spending around 20-22 lakh or more /yr. I don't see much value in keeping and juggling 6-10 cards to increase returns by 3-4 % Max.

The above theory applies to the number of stocks/ MF/ properties. The increased number may start taking a toll on the stress side due to every time decision-making.
Maybe I am getting old 🙂

How DCB 33% unlimited

 

[manishtaneja90]

Pay cc bill by cc

Can you please let us know how do you pay cc bills with Cc

 

[Wealth is my birth right!]

Can you please let us know how do you pay cc bills with Cc

Search the threads we have lot of discussions

 

[Tarun2601]

A

with all the available information on them lets Remove Magnus/Reserve , Infinia & AMEX Plat Charge from the list.

What are the others cards you hold and would recommend to others.

Amex membership rewards and Gold charge card are good with high reward rate if you can spend just 6k-6k per month on both these cards consistently.

 

[RohitSah]

I plan to keep only the below credit cards and close the rest of the cards (all citi 2+ Amex 3+ some other cards ) to keep it simple.

Axis Magnus (paid) - For 1L milestone ( And above 200/-)
HDFC infinia (paid) - Below 200/- and After Magnus 1L limit is reached
Tata neu RuPay (LTF) - For all chai/ pan shops that don't accept cards.
( I still miss DCB 33% unlimited + citi gold debit 22% )

I believe the above will give decent returns (20-30+ %) on spending around 20-22 lakh or more /yr. I don't see much value in keeping and juggling 6-10 cards to increase returns by 3-4 % Max.

The above theory applies to the number of stocks/ MF/ properties. The increased number may start taking a toll on the stress side due to every time decision-making.
Maybe I am getting old 🙂

Can anyone please explain what does he mean by DCB 33% unlimited?

 

[Lord Of Darkness]

Can anyone please explain what does he mean by DCB 33% unlimited?

Earlier there was no capping on DCB points and many vouchers used to give 10X returns.
The base rate is 3.3%, so earlier it was easy to get 33% for lot of spends on DCB.