Flat Down Payment - Query

[mail_amity]

I have to pay booking amount ( 12 lakhs ) incoming weeks . Which credit card would the community recommend to maximize rewards?

 

[chinnathambi152]

Depends on lot of other parmeters, Available options of cards, payment nature (Merchant MCC)
- Priority to be given for double dip / tirple dip options,,
- In case of excluded MCCs and acceptance of Amex, Amex Plat travel would be best (Assuming annual milestones are not met yet) till 4L payment,,
- Rest for Milestone dependent cards (Vistara cards)
Also, keep in mind that spending more than 10L in a single credt card may flag at ITR portal as notified transaction..

 

[prankster]

Do a test payment first. If rent MCC, you might be better off paying using DC like IDFC wealth as CC payments will attract surcharge.

 

[mail_amity]

Depends on lot of other parmeters, Available options of cards, payment nature (Merchant MCC)
- Priority to be given for double dip / tirple dip options,,
- In case of excluded MCCs and acceptance of Amex, Amex Plat travel would be best (Assuming annual milestones are not met yet) till 4L payment,,
- Rest for Milestone dependent cards (Vistara cards)
Also, keep in mind that spending more than 10L in a single credt card may flag at ITR portal as notified transaction..

Thanks for the response.
1. What is double/triple dip?
2. I have 2 Amex plat cards in the family. Spend criteria is already met.
I guess checking the MCC is the first step. It would make sense if I can use my Infinia for it (if its not rent MCC)

 

[chinnathambi152]

Thanks for the response.
1. What is double/triple dip?
2. I have 2 Amex plat cards in the family. Spend criteria is already met.
I guess checking the MCC is the first step. It would make sense if I can use my Infinia for it (if its not rent MCC)

1. Double / Triple Dip - If your MCC is rewarding - 1. Base rewards, 2. Milestone rewards, 3. Time Bound spend Targets. For Example, assume you have flat down payment at Jewellery shop, Amex Plat travel gives base rewards, as well counts it in for the milestone. Also, presently timebound spend offers are live ( Many got spend ₹1L and earn ₹3k Apay / FK voucher).. If your spend is on Bill payment enlised in Apay there is good chance of quad dip via reward multiplier as well..