My Spend Strategy - Well, not really strategy, but the actual spend pattern
I have three credit cards and their combined spends cover approx. 60-70% of my annual spends. This is their general usage pattern....
1. Infinia (+ 2 Add-ons) - being used for almost everything, everywhere - online and offline, including tickets and vouchers on Smartbuy (@5x or 10x reward rate as the case may be) and using those vouchers for payment of utility bills like electricity, mobile, etc, lounges, ITC buffets once in a while, etc. Covers almost 60-65% of my credit card spends. Hit the annual milestone of Rs 10 L spends and so the annual fee is waived off.
2. Octane - obviously, primarily for fuel (@6.25% reward rate); plus, grocery, movies (offers), departmental stores & dining *@2.5% reward rate), and then some minimum miscellaneous spends (@1% reward rate). Hit the annual milestone of Rs 2 L so that the annual fee is waived off. Covers almost 10-15% of my credit card spends.
3. Amex Plat Travel - using it primarily for payment of income tax (after TDS) up to Rs 4L, basically to earn milestone rewards. Offline usage is also restricted due to low acceptability - well, it being an Amex, after all. Covers almost 20-25% of my credit cards spends.
And thus, these credit cards and their numerous short stories form a small part of my short life's overall experiences. 🙂
