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Maximize Your Rewards: Credit Cards with Quarterly and Annual Milestones

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helloworld

helloworld

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When there is no credit card offer and I want to purchase something, I usually use card with high reward rate. But by doing this I often missed the opportunity to get more reward rate with Quarterly/Annual milestone benefits with other cards.

It's like I use card with 3.3% reward rate compared to 1.2% because I get instant high reward rate but if I waited and when crossed certain spends on that low 1.2%, it can give me 6.2%.

In this post, I try to gather or know about certain cards which provides better reward rate with Quarterly/Annual milestone benefits.

Note: Ignored monthly milestone cards because most need little longer to optimized spends.

Quarterly = 3 consecutive calender months (Jan to Mar, Apr to Jun, Jul to Sep, Oct to Dec)

Issuer & Card NameSpend RequirementExtra reward rate for achieving spend requirementAdditional notes (depends on categories)
HDFC Millennia- Spend 1L in a Quarter- Rs. 1000 voucher (+1%) or Lounge access- Reward rate: 2% - 6%
HDFC Moneyback+- Spend 50K in a Quarter- Rs. 500 voucher (+1%) // UPI Support- Reward rate: 1.5% - 6%
HDFC Regalia Gold- Spend 1.5L in a Quarter
- Spend 5L in a year
- Spend 7.5L in a year		- Rs. 1500 worth vouchers
- Rs. 5000 worth flight vouchers
- Rs. 5000 worth flight vouchers		- Reward rate: 2.67% - 10.8%
HDFC Diners Privilege- Spend 1.5L in a Quarter- Rs. 1500 worth vouchers- Reward rate: 2.33% - 7.67%
HDFC DCB Metal- Spend 4L in a Quarter- Rs. 10000 worth reward points- Reward rate: 1.74%- 5.8%
AU Zenith- Spend 2L in a Quarter- Rs. 1000 voucher (+0.5%)
- Birthday month additional 625Rs.		- Reward rate: 3% - 5.5%
AU Zenith+- Spend 75k in a month- Rs. 1000 worth reward points (+1.3%)- Reward rate: 2.3% - 3.3%
SBI SimplyClick- Spend 2L in a year- Rs. 4000 Cleartrip/Yatra voucher- Reward rate: 3% - 4%
SBI Prime- Spend 50k in a Quarter
- Spend 5L in a year
- Spend 10K in Birthday month		- Rs. 1000 Pizza hut voucher
- Rs. 7000 Yatra/Pantaloon voucher
- Rs. 500 reward points		- Reward rate: 2.8% - 4.65%
BoB Eterna- Spend 5L in a year- Rs. 5000 worth reward points- Reward rate: 1.75% - 4.75%
AMEX MRCC- Spend 20K (4x1500 + 14K) in a month- 2000 MR points- Reward rate: ~5%+
(1MR = 0.33p + higher depends on redemption)
AMEX Gold Charge- Spend 6K (6x1000) in a month- 1000 MR points- Reward rate: ~7%+
(1MR = 0.33p + higher depends on redemption)
AMEX PLatinum Travel- Spend 1.9L in a year
- Spend 4L in a year		- 15000 MR points
- 25000 MR points & Taj Gift card worth Rs. 10000		- Reward rate: ~6% + Taj voucher
Axis Privilege- Spend 2.5L in a year- 10000 Edge Reward Points- Reward rate: ~1.8%+
(1ER = 0.20p + higher depends on redemption)
Axis Atlas- Spend 3L in a year
- Spend 7.5L in a year
- Spend 15L in a year		- 2500 Miles
- 7500 Miles
- 15000 Miles		- Reward rate: ~5%+
(1ER = 1Rs. + higher depends on redemption)
Kotak Myntra- Spend 50k in a Quarter
(Milestone Exclusions: Fuel, Rent, Wallet)		- 2 PVR Tickets of 250 Each- Reward rate: ~1.25% - 2.25%
(1.25 is CB reward rate)
Kotak Mojo- Spend 75k in a Quarter
(only 1st year)		- 2500 Mojo points- Reward rate: ~1.7% - 2.33%

With milestones, some of the cards beat 2% cashback cards, if one find use of the mentioned voucher/reward points and spend consistently on Quarterly/Yearly milestone.

Note: Post only considered >2% reward value and >2 redemption options.

Cards provide >2% reward value but with single redemption (either movie or flight):

- Kotak PVR Platinum / PVR Gold (redemption for INOX tickets)
- Vistara Co-brand cards (IDFC, SBI, AXIS)
- AirIndia Co-brand cards (SBI)
- Kotak White / White Reserve (high spends needed)
- SBI Elite (high spends needed)
- HDFC IRCTC (redemption for train tickets)

Do share any other cards (I'm sure I missed some) or anything missing hidden *TnCs.

Some card comparisons:

Atlas vs Regalia Gold vs Horizon:

https://www.technofino.in/community/threads/atlas-vs-regalia-gold.26500/

YES Marquee vs Reserv 3x vs Reserv 5x

https://www.technofino.in/community/threads/yes-marquee-vs-yes-reserv-3x-vs-yes-reserv-5x.24652/

AMEX MRCC vs Gold vs Travel vs Reserve

https://www.technofino.in/community/threads/amex-mrcc-vs-gold-vs-travel-vs-reserve.30606/

Let me know if anyone looking for referral.

Disclaimer: @morturn : Credit cards with quarterly or yearly milestones reward customers for exceeding certain spending levels within specified time frames. While credit cards might increase incentives and promote frugal spending, it is critical to avoid overspending and examine any potential annual fees. Always confirm that the card's advantages are in line with your spending patterns and financial goals.

Thanks!
 
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helloworld said:
When there is no credit card offer and I want to purchase something, I usually use card with high reward rate. But by doing this I often missed the opportunity to get more reward rate with Quarterly/Annual milestone benefits with other cards.

It's like I use card with 3.3% reward rate compared to 1.2% because I get instant high reward rate but if I waited and when crossed certain spends on that low 1.2%, it can give me 6.2%.

In this post, I try to gather or know about certain cards which provides better reward rate with Quarterly/Annual milestone benefits.

Note: Ignored monthly milestone cards because most need little longer to optimized spends.

Quarterly = 3 consecutive calender months (Jan to Mar, Apr to Jun, Jul to Sep, Oct to Dec)

Issuer & Card NameSpend RequirementExtra reward rate for achieving spend requirementAdditional notes (depends on categories)
HDFC Millennia- Spend 1L in a Quarter- Rs. 1000 voucher (+1%) or Lounge access- Reward rate: 2% - 6%
HDFC Moneyback+- Spend 50K in a Quarter- Rs. 500 voucher (+1%) // UPI Support- Reward rate: 1.5% - 6%
HDFC Regalia Gold- Spend 1.5L in a Quarter
- Spend 5L in a year
- Spend 7.5L in a year		- Rs. 1500 worth vouchers
- Rs. 5000 worth flight vouchers
- Rs. 5000 worth flight vouchers		- Reward rate: 2.67% - 10.8%
HDFC DCB Metal- Spend 4L in a Quarter- Rs. 10000 worth reward points- Reward rate: 1.74%- 5.8%
AU Zenith- Spend 2L in a Quarter- Rs. 1000 voucher (+0.5%)
- Birthday month additional 625Rs.		- Reward rate: 3% - 5.5%
AU Zenith+- Spend 75k in a month- Rs. 1000 worth reward points (+1.3%)- Reward rate: 2.3% - 3.3%
SBI SimplyClick- Spend 2L in a year- Rs. 4000 Cleartrip/Yatra voucher- Reward rate: 3% - 4%
SBI Prime- Spend 50k in a Quarter
- Spend 5L in a year
- Spend 10K in Birthday month		- Rs. 1000 Pizza hut voucher
- Rs. 7000 Yatra/Pantaloon voucher
- Rs. 500 reward points		- Reward rate: 2.8% - 4.65%
BoB Eterna- Spend 5L in a year- Rs. 5000 worth reward points- Reward rate: 1.75% - 4.75%
AMEX MRCC- Spend 20K (4x1500 + 14K) in a month- 2000 MR points- Reward rate: ~5%+
(1MR = 0.33p + higher depends on redemption)
AMEX Gold Charge- Spend 6K (6x1000) in a month- 1000 MR points- Reward rate: ~7%+
(1MR = 0.33p + higher depends on redemption)
AMEX PLatinum Travel- Spend 1.9L in a year
- Spend 4L in a year		- 15000 MR points
- 25000 MR points & Taj Gift card worth Rs. 10000		- Reward rate: ~6% + Taj voucher
Axis Privilege- Spend 2.5L in a year- 10000 Edge Reward Points- Reward rate: ~1.8%+
(1ER = 0.20p + higher depends on redemption)
Axis Atlas- Spend 3L in a year
- Spend 7.5L in a year
- Spend 15L in a year		- 2500 Miles
- 7500 Miles
- 15000 Miles		- Reward rate: ~5%+
(1ER = 1Rs. + higher depends on redemption)
Vistara Cards
(Axis, IDFC, SBI)		- Spend 1.5L in a year and its multiples- 1 PE/ Economy Ticket- Reward rate: ~4%

With milestones, some of the cards beat 2% cashback cards, if one find use of the mentioned voucher/reward points and spend consistently on Quarterly/Yearly milestone.

* lowest reward with basic rewards and low redemption and highest reward with multiplier and max. possible redemption.
Ex: lowest value 1x with cash redemption, highest value 5x with Gold catalogue - both 7.5L spends.

Atlas vs Regalia Gold:

www.technofino.in

AXIS Atlas vs HDFC Regalia Gold vs AXIS Horizon

This is a wiki post, so anyone with appropriate permissions can edit and make necessary changes. General Note: Redemption calculations are assumptions for illustrative purposes and may vary. Please confirm specific terms directly with card issuers. Terminology: EM: Edge Miles (Axis Rewards)...
www.technofino.in www.technofino.in

Zenith vs Zenith+:

www.technofino.in

AU Zenith vs AU Zenith+

CategoryZenithZenith+ 1RP0.2p^ - 0.25p (^voucher redemption)1 Rs. Dining & Food Apps5% (max. upto 25k/month)2% Grocery, Departmental2.5%1% International2.5% (- Markup Fee: 2.35%) = 0.15%2% (- Markup Fee: 1.17%) = 0.83% Travel1.25%2% Insurance and Utility0.25% (max. upto 10k/month)1%...
www.technofino.in www.technofino.in

Privilege vs Select:

www.technofino.in

AXIS Privilege vs AXIS Select

Summary: Both are useless after 20th Apr, 2024 (if possible don't apply). Below, just curiousity did comparison and found that not sure why bank kept one has high price without price benefits. Category Privilege Select Joining fee ₹1770 (Nil for Priority Customers Only) 3540 (Nil for...
www.technofino.in www.technofino.in

YES Marquee vs Reserv 3x vs Reserv 5x

www.technofino.in

YES Marquee vs YES Reserv 3x vs YES Reserv 5x

CategoryYES MARQUÉEYES RESERV 3xYES RESERV 5x Suitable forfor online spendsfor all spendsfor Travel, Dining, Apparel, and Healthcare spends JF (First Year Membership Fee)11800 (incl. GST)2360 (incl. GST)2360 (incl. GST) Joining benefits / Net Return10,000 worth of reward points...
www.technofino.in www.technofino.in

Exceptions:

Vistara / Air India - good card but single redemption option and value % can only confirm until redemption, sector, time of travel. Usually not included travel cards for this reason.

Note: Post only considered >2% reward value and >2 redemption options.

Failed to provide >2% reward value:

- Axis Select
- Kotak White (high spends needed)
- SBI Elite (high spends needed)

Do share any other cards (I'm sure I missed some) or anything missing hidden *TnCs.

Thanks!
Click to expand...
Add kotak mojo & kotak Myntra

Atleast add Myntra
 
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morturn said:
Credit cards with quarterly or yearly milestones reward customers for exceeding certain spending levels within specified time frames. These benefits may include increased cash back rates, extra points, or travel credits.

For example, a card may provide 1% cash back on all transactions, which increases to 2% after spending $1,000 in a quarter.

While credit cards might increase incentives and promote frugal spending, it is critical to avoid overspending and examine any potential annual fees. Always confirm that the card's advantages are in line with your spending patterns and financial goals.
Click to expand...
ChatGPT ya Gemini ya koi aur LLM?
 
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jk51 said:
HDFC Diners Privilege

Kotak PVR Inox
Click to expand...
HDFC Diners Privilege

- Considering 0.50p per point 1.33% base (redeemable in the form of either Smartbuy travel or at exclusive dining voucher catalogue)
- additional 1% in the form of Mariott, BBQ Nation, Decathlon Vouchers on 1,50,000/- quarterly spends
- less 100+tax redemption charges
- comes to 2.31% if redeemed vouchers annually at one go; 2.25% if redeemed quarterly


Kotak PVR Inox

- flat 300/- PVR Inox M-Coupon on every 10,000/- spend in a billing cycle Unlimited
- no redemption charges comes hence comes to 3% in the form of PVR vouchers
- 2.25% if vouchers are sold @ 25% discount for Hard cash

@helloworld
 
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jk51 said:
HDFC Diners Privilege

- Considering 0.50p per point 1.33% base (redeemable in the form of either Smartbuy travel or at exclusive dining voucher catalogue)
- additional 1% in the form of Mariott, BBQ Nation, Decathlon Vouchers on 1,50,000/- quarterly spends
- less 100+tax redemption charges
- comes to 2.31% if redeemed vouchers annually at one go; 2.25% if redeemed quarterly


Kotak PVR Inox

- flat 300/- PVR Inox M-Coupon on every 10,000/- spend in a billing cycle Unlimited
- no redemption charges comes hence comes to 3% in the form of PVR vouchers
- 2.25% if vouchers are sold @ 25% discount for Hard cash

@helloworld
Click to expand...

Added Privilege. PVR with single redemption ignored but good card if one can utilize them before expiry. T
 
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