Which CC to use to purchase car?

[_ayush]

I am about to purchase a car next month and negotiated MDR to 1%. Looking for Credit card recommendations to pay for it. Total amount I need to pay is 12.5L.

The merchant's MCC is 7538.

Even though ITR should not be an issue, I dont want to cross 10L on a single bank card.

- DCB (8.6L limit) - thinking of paying 7L which should get me infinia (last 2 month spends around 1L)
- Atlas (3.3L limit) - have already spent 4.2L. if I pay 3.3L using atlas, it should get me 7.5L milestone and renewal benefit next year.
- Other cards I have are SBI Cashback, Sapphiro, APay, Coral, Amex trifecta (Amex not working on merchant POS).

Open to get any other credit card which has good reward rate offline.
A card which seems good to me is Yes Reserv along with 3x subscription.

Another thing would be to get cashback on CC bill payment. Currently I have 3 HDFC Platinum DC but it wouldn't be enough. Was planning to get indusind signature but their CC is not serviceable on my pincode so not sure how I will get 0 MAB account.


Update/Summary -

Best card for such payment would be M4B but it would not be sustainable for me.
M4B would give 1,61,200 accor points (12.8% returns).

Decided to go with Atlas, DCB, and Marquee (wasnt eligible for Reserv).
Atlas would give 13,200 accor points (on 3.3L spend) + 5,000 accor points (7.5L milestone) + 5,000 accor points (renewal benefit)
DCB would give 23,330 points (7L spend) and milestone benefits (500 ola + 500 bms voucher). Should also make me eligible for infinia.
Marquee would give me points worth 5500 rupees on 2.2L spend (redeemable on flights/zomato vouchers).

 

[BVCBVC is verified member.]

So it only shows marquee not reserv. Should I take it or is there some other option?

Marquee is overall a good card with decent returns, but Reserv have limitations like 3X and 5X plans are categorized as the above image shared by @SSV . Each excels at different level, but lifestyle benefits are more in Marquee.

 

[SSV]

I am waiting for vkyc for last 15 mins but the agent is not joining.

thats life ..
.
.
.
.
. good things happen for those who can wait !! 😉

 

[BVCBVC is verified member.]

I am waiting for vkyc for last 15 mins but the agent is not joining.

Might be on low count due to holiday. Just wait for some more time.

 

[_ayush]

yeah finally vkyc got completed. one of the worst kyc experience. Agent had very poor connection and disconnected twice. He couldnt see my pan card due to his network issue and kept asking me to wipe my camera clean 🤣

 

[_ayush]

u r overthinking this... offline rate for marquee is 2.25 %.. not bad at all for your purchase.. only twist may be credit limit.. Yes bank is locked on 3L 🙂

Is there any way to know credit limit before CC is delivered?

 

[Zacobite]

Is there any way to know credit limit before CC is delivered?

Nope.. I can tell u if u have a decent cibil then 3L.to be expected..

 

[SSV]

Is there any way to know credit limit before CC is delivered?

means , you will most likey get 3L for YES ...

 

[HumorSimpson]

good things happen for those who can wait !! 😉

 

[SSV]

thats life ..
.
.
.
.
. good things happen for those who can wait !! 😉

One Qualifier:
Unless you are a MB+ holder for the last one decade !! 😉

 

[HumorSimpson]

means , you will most likey get 3L for YES ...

I too got 3L CL on yes kiwi, when can I expect it to increase ?

 

[SSV]

I too got 3L CL on yes kiwi, when can I expect it to increase ?

Dont expect anything soon.

 

[proxified]

Amex Platinum Travel

Get multiple cards in family

 

[_ayush]

Please read the post. Already mentioned that amex is not working on merchant POS.

 

[KLB@96]

Please read the post. Already mentioned that amex is not working on merchant POS.

Am also planning to buy car nd pay down payment 5 lacs with CC, few ppl recommended amex plat travel , do you suggest any other card ?

 

[_ayush]

Depends on what all cards you have. Plat travel if works would offer great reward rates. Also if you have m4b, that would be great as well.

Also depends on what sort of usage and redemption options you prefer. For me alot of spends are covered by vouchers hence prioritising spends on dcb to get infinia instead of stressing over max reward rate.

Am also planning to buy car nd pay down payment 5 lacs with CC, few ppl recommended amex plat travel , do you suggest any other card ?

 

[balpreet.singh]

For those with M4B p as LTF will it be good card for car purchase?

This is not at all a good card , especially with paid feature and 30L FD / 10L SB criteria...
It is only suitable for may be top 1 or 2 % of CC population..

 

[_ayush]

Definitely. It will be the best. It gives above 14% return on spends above 1.5L spends.
Its just that its not worth the hassle to get one just for one spend.

For those with M4B p as LTF will it be good card for car purchase?

 

[balpreet.singh]

Definitely. It will be the best. It gives above 14% return on spends above 1.5L spends.
Its just that its not worth the hassle to get one just for one spend.

If its LTF and someone already has it) it may be a good option as I understand

 

[SSV]

If its LTF and someone already has it) it may be a good option as I understand

For those with M4B p as LTF will it be good card for car purchase?

Correct,
for existing users it is a very good option as pointed out by @_ayush

 

[HumorSimpson]

If its LTF and someone already has it) it may be a good option as I understand

That chosen one is @drsel