Need help with Car purchase with Credit Cards

[hackymanoj]

Hello everyone, I am planning to purchase car and the showroom agreed for 1.5% charges for a payment of 5-7 lakhs. Can you all suggest a best card to use? Also,I have pre approval for Car loan from HDFC and ICICI. Which one is best to go?

I'm ready to apply for Amex if that gives better reward ratio

1. SBI Simply Credit Card
2. HDFC Diners Club Black Credit Card
3.ICICI Amazon Credit Card
4.Flipkart AXIS Credit Card
5. Yes Elite Bank Credit Card
6. IDFC First Wealth
7. ICICI Platinum Credit Card
8. RBL Maxima Plus Credit Card
9.HSBC Platinum Credit Card
10.One Card
11. AU LIT Bank Credit Card
12. SBI CASHBACK Card
13. AXIS MY ZONE CARD
14. HDFC Tata Neu Infinity Card
15. PNB Select Credit Card
16. Bank Of Baroda Premier Credit Card
17. Kotak 811 Credit Card
18. ICICI Coral Credit Card
19. Axis Kiwi Credit Card(Virtual)
20. Yes Bank Rupay Credit Card(Virtual)
21. Kotak League Platinum Rupay
22. IndusInd Pinnacle Credit Card
23. IDFC First Select
24. UNI NX Wave Card
25. Federal Celesta Credit Card
26. HDFC Swiggy Card
27. Federal Wave Rupay Card
28. Indusind Platinum Rupay Card
29. Bank Of Baroda HPCL Rupay Card
30. RBL Shoprite

 

[Anupama_Jha]

Drop the idea or get more premium cards:
Few suggestions -

1. Amex Platinum Travel
2. Axis Atlas
3. Magnus for burgundy
4. HDFC diners black/INFINIA

 

[hackymanoj]

Drop the idea or get more premium cards:
Few suggestions -

1. Amex Platinum Travel
2. Axis Atlas
3. Magnus for burgundy
4. HDFC diners black/INFINIA

Holding diners black already. I will compare it with Amex platinum and proceed.

Ok, Amex platinum is worth for only one year for me

 

[Anupama_Jha]

Holding diners black already. I will compare it with Amex platinum and proceed.

Ok, Amex platinum is worth for only one year for me

Bhai u mentioned "Diners club" earlier so anyone will thought DCP.

Also, IMO 1.5% is quite high. He's not giving u any mdr discount, or hardly 0.2-0.4%

If 1%, then u can consider.

Anyway, Congrats🎉👏🏻in advance.

Do research a bit on insurance, accessories and discounts also.

 

[hackymanoj]

Bhai u mentioned "Diners club" earlier so anyone will thought DCP.

Also, IMO 1.5% is quite high. He's not giving u any mdr discount, or hardly 0.2-0.4%

If 1%, then u can consider.

Anyway, Congrats🎉👏🏻in advance.

Do research a bit on insurance, accessories and discounts also.

Yes, bro. Updated it Diner's Black now. I hold wealth Debit card. So, I went for 1.5% as the showroom didn't agree for lower percentage

 

[_ayush]

Check if they accept amex before applying.
Also check MCC. Do a dummy transaction and see if its eligible for rewards.

 

[Anindya98]

Yes, bro. Updated it Diner's Black now. I hold wealth Debit card. So, I went for 1.5% as the showroom didn't agree for lower percentage

Try to bring it down to under 1% using IDFC Wealth DC, you can earn 2.33% - Charges, and pay a max of 5.36L using Wealth DC. MDR for DC is less.

 

[hackymanoj]

Check if they accept amex before applying.
Also check MCC. Do a dummy transaction and see if its eligible for rewards.

Did this yesterday and waiting for the transaction to settle to get the MCC code.

 

[_ayush]

You can call and ask customer care.

 

[hackymanoj]

Try to bring it down to under 1% using IDFC Wealth DC, you can earn 2.33% - Charges, and pay a max of 5.36L using Wealth DC. MDR for DC is less.
View attachment 81204

Unfortunately, they are not ready to change the percentage. I will use HDFC diners black card and receive 3.33% return something and 2.33% for paying the bill using IDFC wealth Debit card

 

[Vasuki]

Unfortunately, they are not ready to change the percentage. I will use HDFC diners black card and receive 3.33% return something and 2.33% for paying the bill using IDFC wealth Debit card

Take axis atlas
4% on offline transaction

It can be more depending upon how u use the points
U have axis card just call & get the card over phone

& Try a 1 rs transaction on all the cards u gonna use
Then ask bank for mcc code
If they eligible for points u ready to go 👍

 

[hackymanoj]

The MCC code for the transaction is 5511 - Automobile and Truck Dealers: Sales, Service, Repairs, Parts, and Leasing

 

[KLB@96]

just visit another dealer who offers no extra charges. for loan check PSU banks they usually offer less interest rate and don't buy insurance at showroom, take outside