2023 Credit Card Review: Milestones, Achievements, and Plans for 2024

[TechnoFino]

Hello TFCians,

It's December 25, 2023. We are just 6 days away from 2024. 2023 was full of action when it comes to credit cards. We have seen many credit cards go from being one of the best in India to almost useless, and we have also witnessed some extraordinary credit card launches in 2023. Let's discuss some personal milestones for the year, such as how many credit card accounts you opened, how many you closed, the amount of rewards you managed to earn (if you are comfortable sharing), the best deal you enjoyed using a credit card, which credit card you mainly use, your memorable purchase using a credit card, the trips you completed using credit card points, and your plans for 2024.

Let me share mine:

How many credit cards I have added in 2023 and how many I have closed?
I had 42 credit cards back in December 2022, and now I have 57, and closed 8 credit cards, so I have added 23 new credit cards in 2023.

The amount of rewards you managed to earn?
Before closing my Axis Magnus and Reserve, I managed to accumulate approximately 27.10 Lakhs EDGE Points in 2023. Accumulated Approximately 10 Lakhs MR Points in 2023. Accumulated 2.23 Lakhs ICICI Bank Credit Card reward points. Managed to get 2.8 Lakhs HDFC Infinia reward points. Managed to get 10 Lakhs Yes Private reward points. Also managed to get approx 1.58 Lakhs CV Points, 4 Business class tickets, and 4 Premium Economy class tickets using Vistara co-branded cards.

Your memorable purchase using a credit card?
Purchased a car using a credit card without paying any MDR fees.

The trips you completed using credit card points?
Almost all my domestic flights and hotels were sponsored by credit card rewards in 2023. All were mainly business/work trips. Took 28 flights in 2023, all were domestic flights.

Plan for 2024
Have booked 3 international trips so far, planning to visit 7 to 8 countries in 2024. And the main plan is to accumulate more rewards in 2024 than in 2023.

Which credit card did you use mainly?
I mainly used Axis Reserve, Magnus, Atlas, HDFC Infinia, Yes Private, ICICI Emeralde, Amex Plat Travel, MRCC, Gold Charge, SBI Cashback, SBI Vistara Prime, Axis Vistara Infinite, and maybe a few more cards.

Don't forget to share your yearly review!



Merry Christmas 🎄 & Happy New Year 2024
Cheers 🥂

 

[Vasuki]

How many Credit cards I have added in 2023?
Well I got my first unsecured credit card in September 2022. Now I have 16 CCs. Out of which, 14 are acquired in this year, 12 in the last six months and 5 in the last one month.

Shit ..you should post a thread in Tf neo section . With details & how u got those cards

 

[Vasuki]

ya, its an example of debt trap indians are

If u earn 1.5 l ..& still takes money from Chinese kinda app ..idk what education gave you . Surely didn't gave common sense 🙂

 

[Vasuki]

ispe thoda prakash daalie

Thoda sa he taki sbko na pta chle 😁

 

[theglobalinvestor]

Hlw sir,
I am also from Kolkata, can you share me from which dealer you have bought the car (if it is in Kolkata) without MDR,

I am also planning to buy car, but everyone is charging MDR

Forget such measly savings, if you have amex platinum or gold save ₹1.5L on your new luxury car here - https://www.americanexpress.com/en-in/benefits/amex-offers/other/audi.html

 

[V360]

Forget such measly savings, if you have amex platinum or gold save ₹1.5L on your new luxury car here - https://www.americanexpress.com/en-in/benefits/amex-offers/other/audi.html

Problem is the validity date - next year tak offer extend karna padega 🤣

The offer is valid from 1 November 2023 till 31 Decemeber 2023 (Both dates included).

 

[bugmenot]

What is your business?

Check this out 👇

Spoiler: As far as I remember from old Twitter bio

He is a government teacher and amazon US reseller

 

[realjayt]

For me, getting MRCC without any docs itself felt like getting an infinia. Being self-employed with less ITR plays football in my CC journey 🤒

Mind sharing your journey?

 

[ChurningNoob]

Of the total points collected how much percentage would you say are your personal spends, business spends, loopholes and MS? @TechnoFino

 

[Farhad sekh]

Of the total points collected how much percentage would you say are your personal spends, business spends, loopholes and MS? @TechnoFino

Do you think ,he will share??

 

[vaibhav111]

How many credit cards I have added in 2023 and how many I have closed?
I had 20 Active Right Now so I have added 9 new credit cards in 2023 and closed 3 CC - IDFC Select,Axis FK,RBL Shoprite.

The amount of rewards you managed to earn?
Amex MRCC - 42000 MR Redeemed Against 9 + 7 K Amazon Pay Voucher and Currently have 22,000 MR point, Infina - 20.3k Point, Citi Renewed Fees Twice, SBI Simplyclick - 1500 Amazon GV (Redeemed some 5000 SBI Reward Point), IDFC Wealth - 500 Amazon Voucher & 1500 Myntra GV & 750 Fk GV Which he never Claims From HDFC Moneyback So i been claiming it from past one year.

Your memorable purchase using a credit card?
Brought AirPods Pro 2nd Gen (Lightning Cabl onee) in July 2023, Some 13880 RP From Infinia Point And Rest From CC.

The trips you completed using credit card points?
None.

Plan for 2024
Not Thought of that till now. Hopefully At least one Domestic Trip using CC Point.

Which credit card did you use mainly?
Infinia, Amex MRCC, SBI Cashback. IDFC Wealth (BOGO Only/-) Au Zenith (Cred Shopping for product less than 500/-) & One Single Movie Ticket.A

 

[CardGame]

Mind sharing your journey?

Nothing much. Just applied on a working day in October. Completed vkyc right away. Got approval message within 3 hours. Self-employed with 778 Cibil.

 

[Walter White]

If u earn 1.5 l ..& still takes money from Chinese kinda app ..idk what education gave you . Surely didn't gave common sense 🙂

Imran Bhai aap khud Chinese loans se Pakistan me projects banva rhe the. 🤣

 

[sxchzy]

Imran Bhai aap khud Chinese loans se Pakistan me projects banva rhe the. 🤣

aree vo kyuki imran bhai ka 1.5l salary isi wale le jate the

 

[sidmal]

Bro can u please list ur Creditcard portfolio 57 cards

I think @TechnoFino will make videos on this soon.

 

[Pankhuri]

Everyone is unique and have unique needs , we should learn from others to make our life better…

Which is pretty ironic thing to say on a forum dedicated to credit cards. Banks know that most people are not unique, their would be some unique who would milk the cards and some who would end up paying for the first group, but most won't be unique.

 

[Vasuki]

Imran Bhai aap khud Chinese loans se Pakistan me projects banva rhe the. 🤣

3 biwi aur gf sambhalna muskil h walter bhai .
Aap toh smj skte ho aapka drugs ka dhanda kaisa chal rha hai

 

[Pankhuri]

Critical Limit Enhancement: Increased my DCB limit to 8L

Earlier limit? Did anything special to make this happen?

 

[Sisyphus]

Earlier limit? Did anything special to make this happen?

The earlier limit was 3.9L (had an additional limit on the other older HDFC Card). Raised multiple escalations for Infinia from L1 to L4, was denied at all stages and multiple other channels. Finally the RM Decided the least he could do is push his cards team to re-evaluate credit limit using the latest ITR). Redistributed CL limit and added another 1.5L credit limit to bring it to 8L.

 

[V360]

How many credit cards I have added in 2023 and how many I have closed?
I had 20+ Active Right Now; have added 12+ new credit cards in 2023 and closed 5 CCs - SBI Aurum, Axis Vistara Infinite, Magnus, RBL SaveMax, IndusInd Legend.

The amount of rewards you managed to earn?
Amex Trifecta- 1.38L MR + 2 TAJ vouchers. Infinia - 32K Points

Your memorable purchase using a credit card?
Bought Volkswagen Virtus using HDFC Diners Black (now upgraded to Infinia) and IndusInd Indulge

The trips you completed using credit card points?
None.

Plan for 2024
Close most of the non-sense credit cards

Which credit card did you use mainly?
HDFC Diners Black, Amex MRCC, Gold Charge and Standard Chartered Cashback card

 

[Deleted member 9785]

The dark world of illegal loan apps in India

Borrowers are harassed by reps of lending apps who abuse, threaten and blackmail them by accessing their contacts, pics.

www.aljazeera.com

bach ke rehna re baba