Need to spend 20L education fees - suggest best credit card

[cardio_guy]

I need to pay 20 lakhs for MD 2nd year fees. Any suggestions on good credit cards to pay this?
I have the following cards:

Card	Limit	Benefit
ICICI Amazon Pay	10L	1% (Rs 10,000) cashback in Amazon Wallet
HDFC Swiggy	1L	1% (Rs 1000) cashback in statement
Federal Celesta	5L	Not sure (maybe some reward points)
SC EMT	6L	Not sure (maybe some reward points)

My questions are:

1) Should I pay using these cards itself, or should I apply for any other card, which can give me better benefits? If yes, which card?
2) Should I pay using credit card itself, or just pay directly from bank account?

I have time till Sept 1st week. Almost a month from now.

 

[Vasuki]

Only answer is either amex or magnus burgundy
Isn't it @drsel

 

[drsel]

Undoubtedly Magnus for burgundy.
you will get nearly 14% return and no other card comes even close

 

[drsel]

You need to open a Burgundy savings account and deposit 10 lacs in this savings account or invest 30 lacs in mutual funds/fixed deposits;
and ask your relationship manager to apply for Magnus burgundy credit card for rupees 35400 joining fee and annual fee

 

[cardio_guy]

Thanks admin for moving this to a new thread. Sorry for the goof up.

 

[Riya]

I need to pay 20 lakhs for MD 2nd year fees. Any suggestions on good credit cards to pay this?
I have the following cards:

Card	Limit	Benefit
ICICI Amazon Pay	10L	1% (Rs 10,000) cashback in Amazon Wallet
HDFC Swiggy	1L	1% (Rs 1000) cashback in statement
Federal Celesta	5L	Not sure (maybe some reward points)
SC EMT	6L	Not sure (maybe some reward points)

My questions are:

1) Should I pay using these cards itself, or should I apply for any other card, which can give me better benefits? If yes, which card?
2) Should I pay using credit card itself, or just pay directly from bank account?

I have time till Sept 1st week. Almost a month from now.

Do you have the option of paying in parts with different cards??

 

[cardio_guy]

Do you have the option of paying in parts with different cards??

Yes, last year I paid in parts through bank account. (That time I was not having enough credit limits and cards)

 

[m4b]

So what have you decided?

 

[Avatar Aang]

You need to open a Burgundy savings account and deposit 10 lacs in this savings account or invest 30 lacs in mutual funds/fixed deposits;
and ask your relationship manager to apply for Magnus burgundy credit card for rupees 35400 joining fee and annual fee

Has anyone got Magnus for Burgundy as LTF after the initial offer??