Is AMEX best for my planned spends?

[niket]

1. 5 lakhs event booking (one-time)
2. 1 lakh offline shopping (one-time)
3. 50/60k fuel spends per year
4. 1.2 lakh insurance spends per year

I'm currently aiming for ROI in terms of hotel/flight bookings (mainly hotel). Hence, I'm thinking of following the Amex trifecta approach mentioned here and use them in Taj/Marriott -- https://www.technofino.in/community/threads/amex-trifecta-optimal-usage-guide.2146/

Planning to pay for fuel via paytm wallet (loaded via cc) and insurance via Gyftr amazon pay gift card.

I already have Tata Neu, Sbi Cashback and Axis Airtel as well as FYF cards and a few other LTF cards.

Any other suggestions?
Open to hearing about any approach which can give better ROI, not necessarily on hotel/flight booking

 

[SSV]

50/60k fuel spends per year

To load into paytm using any CC will be charged at a minimum of ~ 2.5 % ( roughly) ..
Except this everything else looks nice for AMEX cards...

 

[drsel]

1. 5 lakhs event booking (one-time)
2. 1 lakh offline shopping (one-time)
3. 50/60k fuel spends per year
4. 1.2 lakh insurance spends per year

I'm currently aiming for ROI in terms of hotel/flight bookings (mainly hotel). Hence, I'm thinking of following the Amex trifecta approach mentioned here and use them in Taj/Marriott -- https://www.technofino.in/community/threads/amex-trifecta-optimal-usage-guide.2146/

Planning to pay for fuel via paytm wallet (loaded via cc) and insurance via Gyftr amazon pay gift card.

I already have Tata Neu, Sbi Cashback and Axis Airtel as well as FYF cards and a few other LTF cards.

Any other suggestions?
Open to hearing about any approach which can give better ROI, not necessarily on hotel/flight booking

Apply for Atlas atlas for the 5 lakh hotel and flight booking.
Apply for SBI Octane card for the fuel expense and refuel at BPCL pumps only.

 

[Shubham Yadav]

Apply for Atlas atlas for the 5 lakh hotel and flight booking.
Apply for SBI Octane card for the fuel expense and refuel at BPCL pumps only.

Ek baar agr SBI octane se petrol bharwa lega her din uski aatma reward k liye jalegi

 

[drsel]

Ek baar agr SBI octane se petrol bharwa lega her din uski aatma reward k liye jalegi

What exactly do you mean?

 

[pprakash11]

What exactly do you mean?

Inconsistent reward points credit system

 

[drsel]

Inconsistent reward points credit system

Agreed, SBI points are worth 12 Paisa, not 25 Paisa.
so only SBI cashback card is worth applying for.
None of the rest are worthwhile, not even SBI Octane

 

[abhiver]

Does Amex give reward on Insurance Spend

 

[ranjitrophy]

Agreed, SBI points are worth 12 Paisa, not 25 Paisa.
so only SBI cashback card is worth applying for.
None of the rest are worthwhile, not even SBI Octane

I feel the only good SBI card is Vistara Prime. For a annual fee of 2999+GST you get 1 free premium economy ticket, same with renewal. Plus lounge access, no restrictions on spend, etc. Absolutely worth it even if one doesn't use the card AT ALL.

 

[drsel]

Agreed, SBI points are worth 12 Paisa, not 25 Paisa.
so only SBI cashback card is worth applying for.
None of the rest are worthwhile, not even SBI Octane

Correction --SBI allows points to be converted to statement credit @25 paisa.
So SBI Octane card is best only if you convert points to statement credit (cashback)