Suggestion to optimize spends on different cards

[Cardhero11]

Dear All,

I would like to get advice from everyone and help me optimize whether I should continue to use Amex platinum travel card or not.

I have below cards

1. HDFC Infinia Metal
2. Airtel Axis
3. Yes Kiwi Rupay
4. SBI cashback
5. HSBC live plus

My spends are as follows LIC including family:2.3 lacs/ year​

Term Insurance: 13k/year​

HDFC ergo Health Insurance: 55K/year​

Home Maintenance towards Apartment: 80K per year​

Amazon Vouchers: HDFC infinia​

Rest of the spends goes towards Food and groceries and Home loan EMI (1lac)​

I book tickets of flight or hotel only via Smartbuy.

I have following questions

1. Should I still continue to use Amex Platinum travel card as it is hard to achieve 4L milestone? Is there a way I can achieve the milestone easily ?
2. Should I buy gold coin from Myntra/Swiggy via Infinia Smartbuy or invest that money in Gold ETF

 

[hellowo₹ld]

Thread 'Guide to Choosing the Right Credit Card - Basic Requirements'

Sep 28, 2024

How to Choose the Right Credit Card for You

Simply looking at your CIBIL score or listing your existing cards won't help determine the most suitable credit card for you. To make an informed choice, you need to consider various factors.

Key Steps to Select a Credit Card:​

1. Identify Your Spending Categories
   Look at your monthly or annual expenses and categorize them. This will help determine which card gives the best rewards for your spending pattern.
   
   Example:
   • Amazon: ₹5,000
   • BigBasket: ₹5,000...

• hellowo₹ld
• Replies: 15
• Forum: Suggest me a Credit Card

• 
• 
• 

: )

 

[TripleAce]

I can understand your pain.
It’s very difficult to use Amex Platinum Travel when you have Infinia.
I’m in the same boat and with recent development of Amex not offering retention benefits, things are becoming more difficult now.
There are times when you feel you can use the Amex for the milestones but 99% times that merchant / shop / establishment won’t accept Amex!!
I had a hospital bill of 2.5L last month and it was a good chance to achieve the 4L milestone. The kind lady at the counter tried 3 different swipe machines but Amex behaved like Amex 😞

It’s a catch 22 situation!!

 

[TripleAce]

To answer your second query, you can enroll offline / online in those gold schemes where you can pay the EMI online via Apay. Look for brands who accept Apay because many of them have stopped accepting this payment method for obvious reasons.
This is more convenient IMO as you get discount of approx 12.5% (Infinia after deduction of processing fee) with Apay and also get free or highly discounted making charges.
Currently I’m doing the same in Malabar Golden Glow 11 months plan where the gold price is locked with every instalment and you also get 14% discount on making charges.

 

[jk51]

Is there a way I can achieve the milestone easily ?

but 99% times that merchant / shop / establishment won’t accept Amex!!
I had a hospital bill of 2.5L last month and it was a good chance to achieve the 4L milestone.

Post in thread 'AMEX PLATINUM TRAVEL CARD BEST WAYS TO SPEND'
https://www.technofino.in/community...vel-card-best-ways-to-spend.10632/post-408480

 

[TripleAce]

Post in thread 'AMEX PLATINUM TRAVEL CARD BEST WAYS TO SPEND'
https://www.technofino.in/community...vel-card-best-ways-to-spend.10632/post-408480

Thank you.
I’m mainly looking to use the Amex for offline spends and the use case will obviously vary from city to city.
Being from a tier 2/3 city doesn’t help the cause in any possible way!

 

[Wealth is my birth right!]

Dear All,

I would like to get advice from everyone and help me optimize whether I should continue to use Amex platinum travel card or not.

I have below cards

1. HDFC Infinia Metal
2. Airtel Axis
3. Yes Kiwi Rupay
4. SBI cashback
5. HSBC live plus

My spends are as follows LIC including family:2.3 lacs/ year​

Term Insurance: 13k/year​

HDFC ergo Health Insurance: 55K/year​

Home Maintenance towards Apartment: 80K per year​

Amazon Vouchers: HDFC infinia​

Rest of the spends goes towards Food and groceries and Home loan EMI (1lac)​

I book tickets of flight or hotel only via Smartbuy.

I have following questions

1. Should I still continue to use Amex Platinum travel card as it is hard to achieve 4L milestone? Is there a way I can achieve the milestone easily ?
2. Should I buy gold coin from Myntra/Swiggy via Infinia Smartbuy or invest that money in Gold ETF

Looks like insurance pays are more so get sbi phonepe black card mostly fyf

 

[HumorSimpson]

Your insurances are about 3L per annum. SBI PhonePe Black rupay can cover this upto 20K pm i.e., 2.4L per annum at ~9% CB.
The rest ~60K can be done with Jupiter CSB Edge+ Rupay LTF in 5K @10% CB via AGV route.