Hi all,
This could be a noob question. I have only cashback credit cards.
I have been tracking the cashback percentage on the last few months and it has always been mostly less than 2%.
I will list down the cards that I have, this month's bill and cashback received:
The main reason for the low returns is because I use it for excluded categories, spends that mostly get only base returns, etc.
Insurance payment via Amazon gift voucher is not possible in my case.
I visit the office and swipe card at their POS. Better as of now is Tata Neu Infinity (1.5% straight neu coins.)
My question is how to improve the returns on my credit card to anything above 4-5%?
Some things that I thought about:
1. Use the cards only for specific best-return usecases. (Like Amazon card only for Amazon spends, Swiggy card only for Swiggy spends etc)
2. I cannot use the above strategy for Tata Neu card, because that is my primary card. So I cannot use it exculusively for Tata Neu spends. I use it for UPI and offline swipes mainly.
3. Get some better return giving cards. (Here is where I need suggestions)
4. Cashback has been working for me well and good. I am not very heavy on travel and hotel spends. So I don't demand for hotel or flight benefits in returns.
4. If I take a reward point based card and use it for insurance spends, will I get any reward points or will it be counted for milestone benefits? In many cards, insurance is an excluded category.
Seeking your thoughts.
This could be a noob question. I have only cashback credit cards.
I have been tracking the cashback percentage on the last few months and it has always been mostly less than 2%.
I will list down the cards that I have, this month's bill and cashback received:
| Card | Bill Amount | Cashback Received | Cashback % | Main Usage |
| Amazon Pay ICICI | 20061 | 661 | 3.29 % | Amazon Spends - 12000 IRCTC - 6000 |
| Swiggy HDFC | 28072 | 394 | 1.4 % | Insurance - 26000 Swiggy - 1200 |
| Tata Neu Infinity HDFC | 22802 | 229 | 1 % | UPI - 7000 Insurance - 13000 |
| Total | 70935 | 1284 | 1.81 % |
The main reason for the low returns is because I use it for excluded categories, spends that mostly get only base returns, etc.
Insurance payment via Amazon gift voucher is not possible in my case.
I visit the office and swipe card at their POS. Better as of now is Tata Neu Infinity (1.5% straight neu coins.)
(Insurance spend on the above cards is a commercial usage, I use the card to pay for others insurances.)
My question is how to improve the returns on my credit card to anything above 4-5%?
Some things that I thought about:
1. Use the cards only for specific best-return usecases. (Like Amazon card only for Amazon spends, Swiggy card only for Swiggy spends etc)
2. I cannot use the above strategy for Tata Neu card, because that is my primary card. So I cannot use it exculusively for Tata Neu spends. I use it for UPI and offline swipes mainly.
3. Get some better return giving cards. (Here is where I need suggestions)
4. Cashback has been working for me well and good. I am not very heavy on travel and hotel spends. So I don't demand for hotel or flight benefits in returns.
4. If I take a reward point based card and use it for insurance spends, will I get any reward points or will it be counted for milestone benefits? In many cards, insurance is an excluded category.
Seeking your thoughts.
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