Infinia Infinia 3 lacs target spend

[drsel]

I need to spend another 2.30 lakhs using INFINIA within 45 days to get the 14750 joining fee waived off.
Even MCC exclusions are allowed for the target spend, except cash withdrawal, EMI and balance transfer.

Any tips and tricks on how to achieve this target, without paying too much in fees or expenses?
You may direct message me for privacy

 

[LiamHouse]

is it worth spending 2.3L on an infinia when essentially, you're getting what? 2250rs waived off?

 

[Pissant]

is it worth spending 2.3L on an infinia when essentially, you're getting what? 2250rs waived off?

Why not? Cash in hand is always better than those points which are worth 1inr only in the BEST scenario. And even in your calculation it is 1% extra Reward Rate if he spends it.

 

[thanix]

Wallet load is one option. Payzapp I think doesn't have any loading fee but transfer back to bank is 2.5%. No RP for this. So keep it to minimum.

And get vouchers in Smartbuy till limits if you intend to use them in an year. Or sell it off with discount. Accelerated RP, so maximize this one.

Or if you are of investment type, invest in gold coins and can sell it later. I am still betting long on gold in 2025. Normal RP is given.

You may do a combination of all it once you have saturated normal spends on the card.

 

[LiamHouse]

Why not? Cash in hand is always better than those points which are worth 1inr only in the BEST scenario. And even in your calculation it is 1% extra Reward Rate if he spends it.

I mean considering op doesn't have any actual spends and wants to spend for the sake of avoiding the fee. That 2.3L would net op much better rewards if they spend it on other cards that they already have. That 2.3L on a M4B or Atlas will net a lot more than ~10k they can make by spending on infinia

 

[drsel]

Wallet load is one option. Payzapp I think doesn't have any loading fee but transfer back to bank is 2.5%. No RP for this. So keep it to minimum.

And get vouchers in Smartbuy till limits if you intend to use them in an year. Or sell it off with discount. Accelerated RP, so maximize this one.

Or if you are of investment type, invest in gold coins and can sell it later. I am still betting long on gold in 2025. Normal RP is given.

You may do a combination of all it once you have saturated normal spends on the card.

Smartbuy 5x Amazon pay & shopping, Swiggy, etc and 10x Pharmeasy
but still difficult to reach 2.3 lakh in 44 days

Are gold coins/ bars available at a discount on any app or website because there is 3% GST + making charges + dealers margin + melting charges?
Also, there are no reward points on gold

 

[drmsiva]

What about paying advance tax? You will be charged about 1% extra in charges and no reward points.

 

[drsel]

What about paying advance tax? You will be charged about 1% extra in charges and mo reward points.

That would be a double loss because no points and 1% extra fee

 

[drmsiva]

That would be a double loss because no points and 1% extra fee

Isn’t it better than buying gold when you have to add all the extra charges? Gold may be a worth a long term investment but difficult to predict in the short to medium term.

 

[dravikumar]

Smartbuy 5x Amazon pay & shopping, Swiggy, etc and 10x Pharmeasy
but still difficult to reach 2.3 lakh in 44 days

Are gold coins/ bars available at a discount on any app or website because there is 3% GST + making charges + dealers margin + melting charges?
Also, there are no reward points on gold

Using Infinia, you can buy Flipkart voucher on SB 5x upto 25K/p.m. If you have 3 add-ons, then you can easily buy 1L/p.m

Add these GCs to Flipkart and buy Gold coins. Net amount comes to Rs.6950/gm for a 24K BRPL coin which is lot less than market price of Rs.8200/- including GST+MC.

 

[Sriim]

Smartbuy 5x Amazon pay & shopping, Swiggy, etc and 10x Pharmeasy
but still difficult to reach 2.3 lakh in 44 days

Are gold coins/ bars available at a discount on any app or website because there is 3% GST + making charges + dealers margin + melting charges?
Also, there are no reward points on gold

Small correction - infinia (and other HDFC CC) does provide RPs on gold

 

[jaisinghal]

Use velocity pay to transfer yourself 2.3 lakhs, best app for it. Will charge 2% and you will get 3.3% return on it. So will benefit in the end only. It uses mcc of a software purchase in it.

 

[webgupta]

I need to spend another 2.30 lakhs using INFINIA within 45 days to get the 14750 joining fee waived off.
Even MCC exclusions are allowed for the target spend, except cash withdrawal, EMI and balance transfer.

Any tips and tricks on how to achieve this target, without paying too much in fees or expenses?
You may direct message me for privacy

Get hold of a friend who has a electronics/mobile shop or something. Will charge 1/1.5% and give u the cash. I think best option hai. In 100k hell take 1500 max. Doesnt pinch

 

[bing1309]

Just buy off vouchers as it stands valid for 1 year, buy different set of vouchers in pre planing bases

 

[drsel]

Small correction - infinia (and other HDFC CC) does provide RPs on gold

Infinia category 100% exclusions are --
EMI, wallet load, balance transfer, etc
Fuel
Rent, repairs, maintenance, movers & packers, etc
Govt & taxes
Education (3rd party apps)

Infinia category caps per calendar month are--
Utilities = 2000 points on 60k spend
Telecom = 2000 points on 60k spend
Grocery = 2000 points on 60k spend
Insurance = 5000 points on 150k spend per day
Smartbuy = 15000 points per day or calendar month
Statement = 200,000 points per bill

Smartbuy limits per month
Only 5x (Amazon, Flipkart, Swiggy, BigBasket) = 112500
Only 10x (Pharmeasy, hotels, IGP) = 49950

 

[jetesh]

I need to spend another 2.30 lakhs using INFINIA within 45 days to get the 14750 joining fee waived off.
Even MCC exclusions are allowed for the target spend, except cash withdrawal, EMI and balance transfer.

Any tips and tricks on how to achieve this target, without paying too much in fees or expenses?
You may direct message me for privacy

Throw a party for us .... I mean for TF Family

😛 😀 😉

 

[drsel]

Get hold of a friend who has a electronics/mobile shop or something. Will charge 1/1.5% and give u the cash. I think best option hai. In 100k hell take 1500 max. Doesnt pinch

No one will take less than 2%, if at all they agree

 

[drsel]

Just buy off vouchers as it stands valid for 1 year, buy different set of vouchers in pre planing bases

What are you recommendations for vouchers, besides the obvious?

 

[webgupta]

No one will take less than 2%, if at all they agree

Ive got it done at 1.5. But anyways. Just a suggestion.

 

[drsel]

Just now Smartbuy 5x reward has reduced from 16.5% to 15% .
See the screenshot of Amazon pay on Gyftr