Optimize credit card utilization

[jeevanraj]

Hello everyone,

I'm re-evaluating my credit card spending. Below is my credit card portfolio. Could you please help me to optimize my credit card usage so that I could get maximum return?

Credit cards:
- HDFC Diners Black
- SC Ulitmate
- SBI Cashback
- Amazon ICICI
- FK Axis
- AMEX Platinum travel

Amazon - SBI/Apay (prefer sbi to reach waiver milestone) (5%)
Flipkart - SBI/Axis flipkart (prefer sbi to reach waiver milestone) (5%)
Insurance - SBI (through amazon) / Ultimate (3.3%)
Online shopping - SBI (5%)
Rent - Ultimate (3.3%)
Utilities - SBI(via amazon pay) (5%) / Ultimate (3.3%)
Fuel - HP pay wallet load(Ultimate) - 3.3 + 1 cashback(HP pay) + 1.18(waiver convenience fee) = 5.5%
Wallet loading - Ultimate (3.3%)
Amazon voucher - SBI (5%)
Offline payment - Ultimate (3.3%)

Diners black was my primary card till now but as I have now got SC Ultimate I don't see where I can use diners black. Not much of a traveler.

 

[navonline7]

AMEX Platinum travel

where and how are you using AmEx plat travel to reach that 400000 milestone?

 

[jeevanraj]

where and how are you using AmEx plat travel to reach that 400000 milestone?

For the last couple of years, I was able to reach the 1.9L milestone. Got the fee waived off for 5K points in both years. Most probably I don't see myself renewing the card for next year unless I can extract more value than DCB/Ultimate from AMEX.

 

[navonline7]

Got the fee waived off for 5K points in both years

so they waived of 5K annual fee for 5k MR points? Just asking since this is my first year with them

the card for next year unless I can extract more value

what do you redeem your MR points for?

 

[Mogul]

Hello everyone,

I'm re-evaluating my credit card spending. Below is my credit card portfolio. Could you please help me to optimize my credit card usage so that I could get maximum return?

Credit cards:
- HDFC Diners Black
- SC Ulitmate
- SBI Cashback
- Amazon ICICI
- FK Axis
- AMEX Platinum travel

Amazon - SBI/Apay (prefer sbi to reach waiver milestone) (5%)
Flipkart - SBI/Axis flipkart (prefer sbi to reach waiver milestone) (5%)
Insurance - SBI (through amazon) / Ultimate (3.3%)
Online shopping - SBI (5%)
Rent - Ultimate (3.3%)
Utilities - SBI(via amazon pay) (5%) / Ultimate (3.3%)
Fuel - HP pay wallet load(Ultimate) - 3.3 + 1 cashback(HP pay) + 1.18(waiver convenience fee) = 5.5%
Wallet loading - Ultimate (3.3%)
Amazon voucher - SBI (5%)
Offline payment - Ultimate (3.3%)

Diners black was my primary card till now but as I have now got SC Ultimate I don't see where I can use diners black. Not much of a traveler.

what are the gift vouchers available for SC Ultimate?

Also, how did you get SC Ultimate

 

[jeevanraj]

so they waived of 5K annual fee for 5k MR points? Just asking since this is my first year with them

Yes.

what do you redeem your MR points for?

I haven't redeemed MR points yet. Used 10K for annual waiver twice, that's it.

 

[jeevanraj]

what are the gift vouchers available for SC Ultimate?

I believe quite a few vouchers are available except amz and fk. Croma gv is the best bet.

Also, how did you get SC Ultimate

Applied online.

 

[Wealth is my birth right!]

what are the gift vouchers available for SC Ultimate?

Also, how did you get SC Ultimate

Recently I took pantaloons 2.5k two vouchers for my scb Manhattan card
Other good options are bigbasket and spar hyper market since it’s near to my home mall

 

[Wealth is my birth right!]

Hello everyone,

I'm re-evaluating my credit card spending. Below is my credit card portfolio. Could you please help me to optimize my credit card usage so that I could get maximum return?

Credit cards:
- HDFC Diners Black
- SC Ulitmate
- SBI Cashback
- Amazon ICICI
- FK Axis
- AMEX Platinum travel

Amazon - SBI/Apay (prefer sbi to reach waiver milestone) (5%)
Flipkart - SBI/Axis flipkart (prefer sbi to reach waiver milestone) (5%)
Insurance - SBI (through amazon) / Ultimate (3.3%)
Online shopping - SBI (5%)
Rent - Ultimate (3.3%)
Utilities - SBI(via amazon pay) (5%) / Ultimate (3.3%)
Fuel - HP pay wallet load(Ultimate) - 3.3 + 1 cashback(HP pay) + 1.18(waiver convenience fee) = 5.5%
Wallet loading - Ultimate (3.3%)
Amazon voucher - SBI (5%)
Offline payment - Ultimate (3.3%)

Diners black was my primary card till now but as I have now got SC Ultimate I don't see where I can use diners black. Not much of a traveler.

Following up with scb for an ultimate upgrade
Is fuel surcharges waived in ultimate?
Only their super value titanium have waivers i heard

 

[colorful_slate]

Now with the SBI cashback card in the portfolio, Apay and AxisFlipkart will not be used very much.
Axis Flipkart also has Annual charges.

 

[Slayer]

Now with the SBI cashback card in the portfolio, Apay and AxisFlipkart will not be used very much.
Axis Flipkart also has Annual charges.

In that case Amazon card also has charges (Prime subscription to get 5%)

 

[jeevanraj]

Is fuel surcharges waived in ultimate?

No. I saw a thread written by you wrt HP pay app. In that case i'm guessing i might get 5.5% rewards with SC Ultimate. Not tested this yet.

Actual returns would be 4.4% (3.3% + 1% cashback(HP pay). But I can save 1.18% on convenience fee if HP pay is used instead of swiping CC directly at the outlet.

Swiping Ultimate at petrol station = 3.3% - 1.18% = 2.12%
HP Pay wallet = 4.4%

 

[jeevanraj]

Few areas you can improve but need another cards for that:

- Grocery & Departmental Stores
- Offline Dining

I live in a Tier 2 city since start of the Pandemic. Not planning to move back to Tier 1 cities. So most of my grocery spending is at local Kirana stores.
And for offline dining will have to again use Ultimate. No dineout/eazydiner at my place.

These are the only cards with you or any other?

BTW, Neat setup for cashback.

Thanks. Yep these are the ones I got.

 

[Wealth is my birth right!]

No. I saw a thread written by you wrt HP pay app. In that case i'm guessing i might get 5.5% rewards with SC Ultimate. Not tested this yet.

Actual returns would be 4.4% (3.3% + 1% cashback(HP pay). But I can save 1.18% on convenience fee if HP pay is used instead of swiping CC directly at the outlet.

Swiping Ultimate at petrol station = 3.3% - 1.18% = 2.12%
HP Pay wallet = 4.4%

Got it perfect now
Just curious whether any mitc changes in ultimate haha

 

[Slayer]

I live in a Tier 2 city since start of the Pandemic. Not planning to move back to Tier 1 cities. So most of my grocery spending is at local Kirana stores.
And for offline dining will have to again use Ultimate. No dineout/eazydiner at my place.

Thanks. Yep these are the ones I got.

If you are a high spender then for cashback card you might hit the statement cashback capping of 10k

 

[FinoGuy]

How to use hp pay wallet money? Does all pumps accept this?

 

[FinoGuy]

It's 10k per month right? So 2L spends per month!

If you are a high spender then for cashback card you might hit the statement cashback capping of 10k

 

[Slayer]

It's 10k per month right? So 2L spends per month!

I maxed out 10k this month 😗😗

 

[FinoGuy]

I maxed out 10k this month 😗😗

Woah! 2L spends per month!? U may be living very luxurious life!!

 

[Slayer]

Woah! 2L spends per month!? U may be living very luxurious life!!

I don't do every month