How is ultimate more than infinia boss. Isn't it 3 vs 3.33 percent?
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Seeking Advice: Best Credit Card for Buying a Car in September
- Thread starter pranavjindal999
- Start date
Absolutely no card provides more than 3.3%. 10% is on flight or hotel bookings, not on point of sale. Axis Magus provides a high reward but it has a cap. So no card is going to provide 5 or 10% for point of sale.
Atlas will provide you 2% in miles. These miles can be transferred to some airlines at 2x, making it around 4% return in miles. You will also get an additional 5k miles for spending over 15 lakhs. So assuming you spend 15 lakhs, you will get 35,000 miles which can be transferred to say, Vistara at 70k miles or to Accor at 35k. If you go with Vistara, that is enough for 1 round trip economy ticket to LHR or Paris (with some tax payable by you) if you are flexible and get the cheapest possible option. So you could expect a roughly 40k value from this transaction. You would end up paying at least 15k to the dealer. You will have to pay a 5k plus GST joining fee as well. In addition, Vistara is merging with Air India and the miles needed will mostly go up. Like I said, the net gain would be like 15 to 20k and the time you spend on this negotiation and effort can be used to just get a direct discount or some free accessories etc.
I had paid 2 lakhs as deposit on the card a few days earlier. The salesperson asked me to make the full payment via RTGS (I never take a loan) and then said I could pay via CC as well as it was immediate. He asked his sales manager and he approved. However, the cashier went to confirm with the showroom manager and he came up with some excuse. RBI guidelines, company won't allow etc.
pranavjindal999
TF Buzz
If this is the case then it makes no sense to go with cc payment.. Thanks a lot.
helloworld
TF Legend
check n let me know anything else
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)...
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I think Amex Cards and other Travel cards like Club Vistara and milestone based cards Effectively give 8-10 % returns
pranavjindal999
TF Buzz
Can you please suggest which one would be the best considering all exclusions, fees, etc?
helloworld
TF Legend
simple logic..
a combination of
- easy to get to hard to get
- same reward or better reward
atlas, ultimate, marquee .. somewhat easy to get compared to Infinia, DCB, Emerlade Pvt. all provide 3% or higher rewards.
then if some reason merchant accept amex, then first preference travel, than platinum or reserv.
before spending 70k on platinum its also equally digestable M4B.
And if nothing works due to high limit requirement than Wealth.
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Ultimate: 5 RP for 150 = 3.33rs
Infinia: 5 RP for 150 = 3.33rs
If one eligible Infinia, then no need for Ultimate, DCB, Emeralde Pvt., AMEX.
Infinia is hard to get compared to atlas or Ultimate.
Note: No way recommend Ultimate, do check my other posts .. had a trouble with my redemption requirement but those who can benefit Marriott, ITC easily gets best value in Odd purchases.
Or lets just say, my proprietary algorithm suggest that order (change as you like) 😃
helloworld
TF Legend
btw, for this ignore Ultimate and Emeralde Pvt. in that list
They don't. Amex Platinum offers the best deal but it is again capped at 4 lakh spends. So once again, you are looking at around 10 to 15k max benefit which will be negated by the 1% fee charged by the dealer. Show me with some calculation, which card can give you 10% on 15 lakhs, i.e. 1.5 lakhs in cashback for a POS transaction.
@pranavjindal999
vaibhavshukla
TF Buzz
I bought a car 2 months back using CC and used Amex plat travel which gave me ~6% return after adjusting surcharge. Rest amount I paid using bank transfer
What is the surcharge applicable on Car Purchase on card? How much?
It really isn't a 6% return by any stretch of the imagination. Those points, when used, are worth 25 to 30 paise.
If you’ve already spoken to the car dealer and they’ve agreed to accept credit card payments, here are the three best options for travel-based rewards:
1. Axis Atlas: You can earn a flat 4% in hotel or airline miles. Check their website for a full list of transfer partners, as several options offer a value greater than 1:1.
2. DCB Metal: For payments of ₹4 lakhs in a quarter, you earn 5% reward points, with each point valued at ₹1 for travel redemptions. There are also several transfer options with a 1:1 value.
3. Amex Plat Travel: For payments of ₹4 lakhs in a year, it can offer up to 8-9% rewards, depending on how strategically you redeem on Marriott and your flexibility. However, I don’t prefer this option as it’s not a guaranteed return, unlike options 1 and 2, which provide exact returns regardless.
1. Axis Atlas: You can earn a flat 4% in hotel or airline miles. Check their website for a full list of transfer partners, as several options offer a value greater than 1:1.
2. DCB Metal: For payments of ₹4 lakhs in a quarter, you earn 5% reward points, with each point valued at ₹1 for travel redemptions. There are also several transfer options with a 1:1 value.
3. Amex Plat Travel: For payments of ₹4 lakhs in a year, it can offer up to 8-9% rewards, depending on how strategically you redeem on Marriott and your flexibility. However, I don’t prefer this option as it’s not a guaranteed return, unlike options 1 and 2, which provide exact returns regardless.
Premium
TF Premier
I think I saw someone giving exact these numbers on reddit when they bought a car with Atlas and paid around 15L. The math seems to be mathing.
Nothing wrong if you already have this card. Otherwise, you have to pay a 35k annual fee, maintain a Burgundy status for around 5 months with a minimum 10 lakhs in savings or 30 lakhs in FDs. So deduct 35k and 30k for dealer surcharge. You are left with around 1.3 lakhs. Still quite good if you can wait 6 months and are ok with keeping 10/ 30 lakhs in savings/ FD. If the car dealer ends up having a wrong MCC then your return would be negative!
vaibhavshukla
TF Buzz
they charged 1.5%
vaibhavshukla
TF Buzz
not sure about your calculation, but you can search forum for Plat Travel card return on 4L spend. (may be you missed Taj voucher)
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