Major expenses this month - how to split/get a new card

[DrTS]

Hey guys,

So, I’m relatively new to CC game and have the following cards as of now -

1. Axis Magnus
2. HDFC Regalia LTF
3. Kotak Privy League Signature LTF
4. ICICI Amazon pay CC

Now, I was using Regalia all of 2022 ( Didn’t have Magnus then) and kotak privy league only when some offers available for kotak.

I am now in need of a new CC since I was thinking of using Magnus only for months where I know I’ll hit the 1L milestone ( Good idea ??) And regalia doesn’t have very good reward rates, so want to avoid that.

My spends (apart from the months which I use Magnus) will be around 25-30k /month distributed evenly in offline and online spends and utility bills etc.

Major expenses this month -

Flights -1.3L
Insurance -45k
NPS -50k

I don’t want any more premium CC since my use case doesn’t warrant any more high fees.

I was thinking of Amex MRCC or SBI cashback but would love some expert opinions/suggestions here. Also, let me know if this strategy is okay or should I just use Magnus for all spends.

Thanks

 

[Slayer]

Hey guys,

So, I’m relatively new to CC game and have the following cards as of now -

1. Axis Magnus
2. HDFC Regalia LTF
3. Kotak Privy League Signature LTF
4. ICICI Amazon pay CC

Now, I was using Regalia all of 2022 ( Didn’t have Magnus then) and kotak privy league only when some offers available for kotak.

I am now in need of a new CC since I was thinking of using Magnus only for months where I know I’ll hit the 1L milestone ( Good idea ??) And regalia doesn’t have very good reward rates, so want to avoid that.

My spends (apart from the months which I use Magnus) will be around 25-30k /month distributed evenly in offline and online spends and utility bills etc.

I don’t want any more premium CC since my use case doesn’t warrant any more high fees.

I was thinking of Amex MRCC or SBI cashback but would love some expert opinions/suggestions here. Also, let me know if this strategy is okay or should I just use Magnus for all spends.

Thanks

SBI Cashback for online and utility bills via Amazon Pay for 5%
And offline you should do with Magnus

 

[DrTS]

SBI Cashback for online and utility bills via Amazon Pay for 5%
And offline you should do with Magnus

Yes I feel the same about this combo but since magnus gives around 1.2% reward for spends less than 1Lac , I figured why not look at other cards.

 

[akshayhs]

SBI cashback for online spends.
Axis Ace for offline spends.

Both are relatively easier to get (I understand Ace requires an invite, but approval changes are good for you since you already hold Magnus).

 

[DrTS]

Guys! I forgot to to mention that I have a few major expenses this month apart from regular expenses.
Flights - 1.3L
Insurance - 45k
NPS- 50k

How will you ppl manage these, options of either with cards I have or a new card+ old ?!?

 

[DrTS]

Any new ideas ?

 

[WhoU]

MRCC is good to have even without any actual spends - load wallet every month and make 4*1500 txns to get max benefit.
You should have planned better and paid NPS and bought apay gv last month - you could have easily hit milestone twice. Nevertheless, try getting MRCC (DM me for referral) and keep 20k NPS payment for that. Meanwhile pay flight (from travel edge), insurance using apay bought from gyftr and NPS 30k using Magnus.

 

[gabu]

I would recommend to apply mrcc and sbi cashback for now.
You can think about amex travel plat too instead of mrcc.
Do let me know if you need ref link.