Recent content by CCUser_1999

Theoretically you can do that but now there is daily limit on your card which is in line with your card limit. So even if you have paid excess before and hence you have not hit your limit, you can't spend in a day more than the limit. I faced this issue in Jan end itself.

Please share how. It used to work before for me when there was no limit control mandated by RBI but I tried it last month, it didn't work for me.

You will not be able to as there is a daily spend limit as well which is upto your credit card limit

Auto sweep will not work in this case. If that happens, you will have to keep TRV of 30L.

I also had similar situation. The checked the process but the process was so complicated, I decided to carry that excess amount for few months before I can utilize the same. PFB the reply form CC for your reference, "With regards to you query we wish to inform you that, as per the banking norm...

There is lot of discussion on the treatment of other points. My 2 cents on the same: - Principally Axis will like to plug that hole. Only reason they might not plug is that cost of migrating to new system is very high or there are some technological constraints. - None of us can know that...

Just Imaging you have 1cr in equity and 5 lakh in points. If market falls by 2%, you loss 2 lakh in equity but 2.5 lakh in points value...:)

Please read T&C. They clearly mentioned bonus points will be creited post 45 days from month end.

They are already giving 60 points on travel edge. Next better thing they can do is start giving tickets for free... :)

It is clear. Rent payment only upto 50K will be considered for rewards i.e. 12 per 200 and also for accelerated award i.e. 35 per 200. They have explainted through illustration in the pdf.

Now Payzapp rent payment captures MCC code of 6513. Most of the cards don't give any benefit on the same also also charge 1% fee on top of it. Please read your card T&C carefully before making the transaction. HDFC DCB don't give any reward on this. It also has 1%+GST (1.18%) fee from second...

I use this card for getting Amazon Vouchers. Then I use those vouchers for paying utility bills and insurance premiums. 25K*12 - 3L Remaining 1 L, I try to get some other vouchers like Swiggy or Amazon Shopping. It gives me a good overall reward rate of ~10%+ assuming point value of 0.5. Any...

It will be good if you can also share some of the benefits of being on Mastercard World Elite platform. Other that that even if you take card on one time fee and get vouchers eq. to that amount, the opportunity cost of parking such money with Indusind bank may not be compensated by the benefits...

The answer depends lot on your expense and where you want to redeem points. Most of the best cards are in above posts so will not repeat the same.

Its you!!!