Suggestions for CC Portfolio

[vishalprasad]

Hi All,

I have a total of 10 cards as below:

• Atlas - Chargeable
• Sapphiro - LTF
• Amazon pay - LTF
• HDFC Neu Infinity - Chargeable
• HDFC DCP - LTF
• AU Zenith+ - Chargeable
• Yes Kiwi - LTF
• SBI CB - Chargeable
• Amex Platinum Travel - Chargeable

My yearly spends are around 5 lakhs + 4 lakhs(rent)

Should i close all my above cards and only take amex trifecta ? Please advice.

 

[Vinay13]

rent payments were removed for milestones, right? 🤔

Anyone has to confirm this..as per information it is considered in milestone

 

[Vinay13]

sorry it wasn't clear. After the merger what'll happen with the existing cards in the market?

You will get air india tickets

 

[dealminer]

Anyone has to confirm this..as per information it is considered in milestone

yes just saw the pdf. For rent RP will not be considered.

but still 20k milestone RPs on 5L spend where 1RP ~ Rs.0.5. (2% reward rate). Considering 199+gst charges by bank and platform charges on the website. Is it still worth it?

 

[Vinay13]

yes just saw the pdf. For rent RP will not be considered.

but still 20k milestone RPs on 5L spend where 1RP ~ Rs.0.5. (2% reward rate). Considering 199+gst charges by bank and platform charges on the website. Is it still worth it?

1rp is 0.8 as per my usuage even if you consider 0.7 is good deal i believe..joining and renewal benefits are good

 

[Vinay13]

yes just saw the pdf. For rent RP will not be considered.

but still 20k milestone RPs on 5L spend where 1RP ~ Rs.0.5. (2% reward rate). Considering 199+gst charges by bank and platform charges on the website. Is it still worth it?

Does wallet reload likes Mobikwik fetch points?

 

[vishalprasad]

are you guys talking about air india sbi signature card? @Vinay13 and @dealminer ?

 

[dealminer]

Does wallet reload likes Mobikwik fetch points?

• W.e.f. 01 July 2020, transactions pertaining to e-Wallet loading/recharge identified under MCCs 6540 and 6541, will not accrue Reward Points.

so, no!

 

[Vinay13]

are you guys talking about air india sbi signature card? @Vinay13 and @dealminer ?

yes ..if you consider platinum then for 3L 5% milestone is there
5*0.75-1.18+0.9= 3.4 approx gain for rental

 

[fradela]

Got it!

No I didn't got it as LTF. I'm thinking of closing it as I can't use Tata Neu for UPI payment as the app lags sometimes.

Can I ask CC to convert it to LTF ??



Getting it rn! Although for an year, I've completed the milestone to waive out fee so shall I request for LTF now or next year ??

Ask LTF, if they provide, keep it.

Not given LTF, close the card. Tata Neu UPI app is very worst.

 

[Vinay13]

• W.e.f. 01 July 2020, transactions pertaining to e-Wallet loading/recharge identified under MCCs 6540 and 6541, will not accrue Reward Points.

so, no!

Ohh ok k

 

[vishalprasad]

via mobikwik, sbi is not worth it, almost 3% charges, whereas we are only getting 15k INR for 5L spends, whereas on amex travel, we are getting almost 40K INR for 4L spends.

But if redgiraffe supports rent payment via sbi, then it might be good.

 

[Vinay13]

My rent agreement has owner name but amount i sent is to his wife name…can i still pay with Mobikwik ?

 

[vishalprasad]

mobikwik is just wallet load, and then you can UPI to anyone, even yourself.

 

[Vinay13]

via mobikwik, sbi is not worth it, almost 3% charges, whereas we are only getting 15k INR for 5L spends, whereas on amex travel, we are getting almost 40K INR for 4L spends.

But if redgiraffe supports rent payment via sbi, then it might be good.

Amex gives points on wallet loads?

 

[vishalprasad]

yes it gives 1x back.

 

[gauravbhati]

Ask LTF, if they provide, keep it.

Not given LTF, close the card. Tata Neu UPI app is very worst.

Yaa.. can you provide their mail ID or shall I call the cc ??

 

[Vinay13]

yes it gives 1x back.

But sbi cc bill payment u can do through sbiunipay/canarasetu can get back 1% so i think air india and amex cc is almost same

 

[Vinay13]

My rent agreement has owner name but amount i sent is to his wife name…can i still pay with Mobikwik ?

? ? ? @SSV ? Any help?

 

[vishalprasad]

with amex, on 4L milestone, you get 40k INR worth points
with sbi, on 5L milestone, you get 15k INR worth points.
How is it the same?

 

[Vinay13]

with amex, on 4L milestone, you get 40k INR worth points
with sbi, on 5L milestone, you get 15k INR worth points.
How is it the same?

I have amex , 1 pt is 0.5 for taj..how u r valuing 1rp=1rs?
I considered same because amex plat has fees to be paid and no cashback on dc