Hello Folks, Any suggestions which Bank Credit Card should be used for Rent Payment (HDFC Diners, Yes Bank, Indus ,etc) since Axis discontinued it's cashback on Ace and Flipkart cards and also which platforms do you prefer?
Use RedGiraffe (they charge 45 basis points). If you have Diners Black or Infinia, your reward rate is 3.3%, so you are netting 2.85% on rent payments.
If you're looking just for CB value/direct benefit then BoB Eterna is good (assuming rent & total online spends below 42k per month). For reward rate via RPs & extracting further value thereof then premium cards from HDFC, StanC etc
Isn't this like a credit card to cash/bank account money conversion provided I pay rent to my other account or family members account and the rewards take care of transaction costs ?
If you're looking just for CB value/direct benefit then BoB Eterna is good (assuming rent & total online spends below 42k per month). For reward rate via RPs & extracting further value thereof then premium cards from HDFC, StanC etc
The difference is 3.75% cashback on Eterna vs 3.3% RP on Infinia (which is 1.7% if you're converting to closest cash equivalent i.e. Amazon gift card).