Hello everyone,
I’m posting on behalf of a family member who could use some advice!
They have an upcoming university fee payment due on November 13, 2024, totaling around 1.5 lakhs in one transaction. They’re hoping to maximize the benefits from this payment by choosing the right credit card or another optimal payment method.
Some background to consider:
• First-time credit card user: They’ve never owned a credit card or taken out a loan before. Although we have an Amazon Pay credit card in the family, the institution requires the payment method to be in their name, so that card isn’t an option.
• Income & financial standing: They have a solid income in the 30% tax bracket and are debt-free.
• Spending plans: Beyond the university payment, they plan to use this card for regular expenses including:
• Online shopping on platforms like Amazon, Flipkart, Nykaa, Zomato, Swiggy, Big Basket, Blinkit
• Offline purchases for groceries, dining, and retail shopping at restaurants, malls, etc.
Attached is a screenshot of the available payment options. I am getting confused if getting a CC based on these options would be worth it. Anyways that being said any suggestions on the best card or approach for maximizing rewards, cashback, or other benefits given these details would be greatly appreciated. Thank you!
I’m posting on behalf of a family member who could use some advice!
They have an upcoming university fee payment due on November 13, 2024, totaling around 1.5 lakhs in one transaction. They’re hoping to maximize the benefits from this payment by choosing the right credit card or another optimal payment method.
Some background to consider:
• First-time credit card user: They’ve never owned a credit card or taken out a loan before. Although we have an Amazon Pay credit card in the family, the institution requires the payment method to be in their name, so that card isn’t an option.
• Income & financial standing: They have a solid income in the 30% tax bracket and are debt-free.
• Spending plans: Beyond the university payment, they plan to use this card for regular expenses including:
• Online shopping on platforms like Amazon, Flipkart, Nykaa, Zomato, Swiggy, Big Basket, Blinkit
• Offline purchases for groceries, dining, and retail shopping at restaurants, malls, etc.
Attached is a screenshot of the available payment options. I am getting confused if getting a CC based on these options would be worth it. Anyways that being said any suggestions on the best card or approach for maximizing rewards, cashback, or other benefits given these details would be greatly appreciated. Thank you!
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