helloworld
TF Legend
When there is no credit card offer and I want to purchase something, I usually use card with high reward rate. But by doing this I often missed the opportunity to get more reward rate with Quarterly/Annual milestone benefits with other cards.
It's like I use card with 3.3% reward rate compared to 1.2% because I get instant high reward rate but if I waited and when crossed certain spends on that low 1.2%, it can give me 6.2%.
In this post, I try to gather or know about certain cards which provides better reward rate with Quarterly/Annual milestone benefits.
Note: Ignored monthly milestone cards because most need little longer to optimized spends.
Quarterly = 3 consecutive calender months (Jan to Mar, Apr to Jun, Jul to Sep, Oct to Dec)
With milestones, some of the cards beat 2% cashback cards, if one find use of the mentioned voucher/reward points and spend consistently on Quarterly/Yearly milestone.
Note: Post only considered >2% reward value and >2 redemption options.
Cards provide >2% reward value but with single redemption (either movie or flight):
- Kotak PVR Platinum / PVR Gold (redemption for INOX tickets)
- Vistara Co-brand cards (IDFC, SBI, AXIS)
- AirIndia Co-brand cards (SBI)
- Kotak White / White Reserve (high spends needed)
- SBI Elite (high spends needed)
- HDFC IRCTC (redemption for train tickets)
Do share any other cards (I'm sure I missed some) or anything missing hidden *TnCs.
Some card comparisons:
Atlas vs Regalia Gold vs Horizon:
https://www.technofino.in/community/threads/atlas-vs-regalia-gold.26500/
YES Marquee vs Reserv 3x vs Reserv 5x
https://www.technofino.in/community/threads/yes-marquee-vs-yes-reserv-3x-vs-yes-reserv-5x.24652/
AMEX MRCC vs Gold vs Travel vs Reserve
https://www.technofino.in/community/threads/amex-mrcc-vs-gold-vs-travel-vs-reserve.30606/
Let me know if anyone looking for referral.
Disclaimer: @morturn : Credit cards with quarterly or yearly milestones reward customers for exceeding certain spending levels within specified time frames. While credit cards might increase incentives and promote frugal spending, it is critical to avoid overspending and examine any potential annual fees. Always confirm that the card's advantages are in line with your spending patterns and financial goals.
Thanks!
It's like I use card with 3.3% reward rate compared to 1.2% because I get instant high reward rate but if I waited and when crossed certain spends on that low 1.2%, it can give me 6.2%.
In this post, I try to gather or know about certain cards which provides better reward rate with Quarterly/Annual milestone benefits.
Note: Ignored monthly milestone cards because most need little longer to optimized spends.
Quarterly = 3 consecutive calender months (Jan to Mar, Apr to Jun, Jul to Sep, Oct to Dec)
| Issuer & Card Name | Spend Requirement | Extra reward rate for achieving spend requirement | Additional notes (depends on categories) | |
|---|---|---|---|---|
| HDFC Millennia | - Spend 1L in a Quarter | - Rs. 1000 voucher (+1%) or Lounge access | - Reward rate: 2% - 6% | |
| HDFC Moneyback+ | - Spend 50K in a Quarter | - Rs. 500 voucher (+1%) // UPI Support | - Reward rate: 1.5% - 6% | |
| HDFC Regalia Gold | - Spend 1.5L in a Quarter - Spend 5L in a year - Spend 7.5L in a year | - Rs. 1500 worth vouchers - Rs. 5000 worth flight vouchers - Rs. 5000 worth flight vouchers | - Reward rate: 2.67% - 10.8% | |
| HDFC Diners Privilege | - Spend 1.5L in a Quarter | - Rs. 1500 worth vouchers | - Reward rate: 2.33% - 7.67% | |
| HDFC DCB Metal | - Spend 4L in a Quarter | - Rs. 10000 worth reward points | - Reward rate: 1.74%- 5.8% | |
| AU Zenith | - Spend 2L in a Quarter | - Rs. 1000 voucher (+0.5%) - Birthday month additional 625Rs. | - Reward rate: 3% - 5.5% | |
| AU Zenith+ | - Spend 75k in a month | - Rs. 1000 worth reward points (+1.3%) | - Reward rate: 2.3% - 3.3% | |
| SBI SimplyClick | - Spend 2L in a year | - Rs. 4000 Cleartrip/Yatra voucher | - Reward rate: 3% - 4% | |
| SBI Prime | - Spend 50k in a Quarter - Spend 5L in a year - Spend 10K in Birthday month | - Rs. 1000 Pizza hut voucher - Rs. 7000 Yatra/Pantaloon voucher - Rs. 500 reward points | - Reward rate: 2.8% - 4.65% | |
| BoB Eterna | - Spend 5L in a year | - Rs. 5000 worth reward points | - Reward rate: 1.75% - 4.75% | |
| AMEX MRCC | - Spend 20K (4x1500 + 14K) in a month | - 2000 MR points | - Reward rate: ~5%+
| |
| AMEX Gold Charge | - Spend 6K (6x1000) in a month | - 1000 MR points | - Reward rate: ~7%+ (1MR = 0.33p + higher depends on redemption) | |
| AMEX PLatinum Travel | - Spend 1.9L in a year - Spend 4L in a year | - 15000 MR points - 25000 MR points & Taj Gift card worth Rs. 10000 | - Reward rate: ~6% + Taj voucher | |
| Axis Privilege | - Spend 2.5L in a year | - 10000 Edge Reward Points | - Reward rate: ~1.8%+ (1ER = 0.20p + higher depends on redemption) | |
| Axis Atlas | - Spend 3L in a year - Spend 7.5L in a year - Spend 15L in a year | - 2500 Miles - 7500 Miles - 15000 Miles | - Reward rate: ~5%+ (1ER = 1Rs. + higher depends on redemption) | |
| Kotak Myntra | - Spend 50k in a Quarter (Milestone Exclusions: Fuel, Rent, Wallet) | - 2 PVR Tickets of 250 Each | - Reward rate: ~1.25% - 2.25% (1.25 is CB reward rate) | |
| Kotak Mojo | - Spend 75k in a Quarter (only 1st year) | - 2500 Mojo points | - Reward rate: ~1.7% - 2.33% |
With milestones, some of the cards beat 2% cashback cards, if one find use of the mentioned voucher/reward points and spend consistently on Quarterly/Yearly milestone.
Note: Post only considered >2% reward value and >2 redemption options.
Cards provide >2% reward value but with single redemption (either movie or flight):
- Kotak PVR Platinum / PVR Gold (redemption for INOX tickets)
- Vistara Co-brand cards (IDFC, SBI, AXIS)
- AirIndia Co-brand cards (SBI)
- Kotak White / White Reserve (high spends needed)
- SBI Elite (high spends needed)
- HDFC IRCTC (redemption for train tickets)
Do share any other cards (I'm sure I missed some) or anything missing hidden *TnCs.
Some card comparisons:
Atlas vs Regalia Gold vs Horizon:
https://www.technofino.in/community/threads/atlas-vs-regalia-gold.26500/
YES Marquee vs Reserv 3x vs Reserv 5x
https://www.technofino.in/community/threads/yes-marquee-vs-yes-reserv-3x-vs-yes-reserv-5x.24652/
AMEX MRCC vs Gold vs Travel vs Reserve
https://www.technofino.in/community/threads/amex-mrcc-vs-gold-vs-travel-vs-reserve.30606/
Let me know if anyone looking for referral.
Disclaimer: @morturn : Credit cards with quarterly or yearly milestones reward customers for exceeding certain spending levels within specified time frames. While credit cards might increase incentives and promote frugal spending, it is critical to avoid overspending and examine any potential annual fees. Always confirm that the card's advantages are in line with your spending patterns and financial goals.
Thanks!
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