Buying XUV700/Innova Hycross with Credit Card

[aj204~]

Narrowed down car search to 2 - XUV700 AX7L or Innova Hycross VX (on-road being quoted is about 32-33 L). Having put down the advance for both, I might take the one which gets delivered first probably which might be as early as Feb'24). I have also initiated the discussion with sales rep on using credit card for 15L and rest will be financed - so far both dearlership have asked for extra 2% - which I am going to negotiate further.

I have below cards with me. Need suggestions from you guys on how to maximize the returns and split the 15L bill here -

Card​	Limit​
Amex Plat Travel​	4.34L
Amex Plat Charge​
Magnus Burgundy​	9.73L (Shared Limit)
Axis Atlas​	9.73L (Shared Limit)
Yes First Exclusive​	3.75L
HDFC DCB​	9.73L (Shared Limit)
HDFC Marriott​	9.73L (Shared Limit)
ICICI Sapphiro​	5.6L (Shared Limit)
ICICI Amazon Pay​	5.6L (Shared Limit)
One Card​	5L
SBI Vistara​	4.67L

 

[CardGame]

Magnus burgundy for full 15L in a single month? Split into two payments and Use>Pay>Use with a few days gap inbetween if possible.

 

[coolguy1]

M4B will get you the highest rewards, as mentioned above, you can pay and use it for full payment.

If not, then you can use Plat Travel for up to 4L which should fulfill your yearly milestone and get you 40K points + 10K Taj Voucher.
If you have any spend milestones on Amex Plat Charge, you can bring that out and swipe that too if the dealership accepts Amex.

Using Atlas also works and the reward rate is slightly lower than M4B but spending 15L will bump your tiers up and get you additional benefits.

 

[D₹V]

Following to see your negotiation skills 😜

 

[bing1309]

First of all file a complaint on them for asking extra 2% tell them to sought out with your merchant bank linked pos machine.

 

[techt]

Dealer city. ?

 

[Deleted member 9785]

check at ackodrive

 

[sourpai]

Magnus Burgundy + Axis Atlas + Yes First Exclusive with 3X subscription + Amex Plat Travel (but most dealerships don't take Amex) + DCB

Don't use any other cards from your list. Best is still MB, but I am not sure about using it for full 15L in a month with credit limit of 9.7L. If it works, great

 

[aj204~]

Dealer city. ?

Bhopal in MP

 

[aj204~]

check at ackodrive

Unfortunately , not available in my city

 

[aj204~]

First of all file a complaint on them for asking extra 2% tell them to sought out with your merchant bank linked pos machine

Could you explain further on the process and what is the success rate for this as per your experience?

 

[Deleted member 9785]

Could you explain further on the process and what is the success rate for this as per your experience?

Why Shouldn't You Pay 2% at POS Credit Card Transactions? – Kotak Bank

Know why 2% credit card swipe charges should not be paid on your credit card transactions. Read about pos in credit card ,pos machine charges & MDR charges.

www.kotak.com

GUD INFO

 

[amit]

Your ICICI and HDFC card limit is merged, need to be considered for 32lakh calculation

 

[asahi]

First of all file a complaint on them for asking extra 2% tell them to sought out with your merchant bank linked pos machine.

Even i was asked to pay extra 2% while purchasing a bike at hero showroom with Cc. So i paid with cash

 

[Noctis7]

Making two payments via Magnus Burgundy seems like the best choice here. And the returns from it is so high that you can pay the 2% extra and still make a significant profit if you can use the points well.

 

[realjayt]

Following to see your negotiation skills 😜

Main bhi hu saathme🌚

 

[CARDBITRAGE]

If they are not offering any discounts on the car, then they will oblige after a few requests. If they don't agree to not charge the 2% card surcharge, just approach another dealer. The ones who are not meeting the sales target for the month will succumb.

Spend it on the M4B(9.7L), Amex Plat Travel(4L) and the remaining on DCB. So three split transactions. Or you could apply for an LE(to 15L) on the Axis cards if you have the IT to show for it, and spend it on one card.

 

[chasni]

Usually, it is difficult to negotiate anything with XUV700 purchase. My friend purchased his car recently and used his Magnus Burgundy card. He had to pay 1.5% surcharge. It was sill worth it.

 

[SmartSave]

Do not pay any extra charges for using CC. I bought my XUV700 (top-end) with downpayment paid by card (decent amount). Same thing dealer tried on me but since I already knew about this illegal extra charges being imposed on gullible customers, I warned them if this gets escalated, then their merchant account will be at risk of getting blacklisted. They tried all tactics, I gave no room for negotiation. The moment you sit down to negotiate is when you get exploited.

Absolutely no need to negotiate, no need to accept. Warn them and tell them to talk to their GM. They'll discuss internally and end up accepting. I bought another vehicle (different brand) just last month, same strategy. Paid via CC again. Similar BS of the dealer demanding extra, paid 0.

P.S. They'll try the usual bullshit about how there is waiting period on the vehicle and how they're getting it so soon for you and blah blah just to justify these extra charges making it seem like they're doing some favor (just BS), again do not accept all this crap. FYI, I'm one of those first 25k bookings, so you can imagine the peak demand this car had (still has to some extent) and yet I still did not pay extra, imagine how much dealer tried since there were customers literally waiting to grab it the moment I would let it go...lol. Good luck!

 

[vivekea]

Narrowed down car search to 2 - XUV700 AX7L or Innova Hycross VX (on-road being quoted is about 32-33 L). Having put down the advance for both, I might take the one which gets delivered first probably which might be as early as Feb'24). I have also initiated the discussion with sales rep on using credit card for 15L and rest will be financed - so far both dearlership have asked for extra 2% - which I am going to negotiate further.

I have below cards with me. Need suggestions from you guys on how to maximize the returns and split the 15L bill here -

Card	Limit
Amex Plat Travel	434000
Amex Plat Charge
Magnus Burgundy	973000
Axis Atlas	973000
Yes First Exclusive	375000
HDFC DCB	973000
HDFC Marriott	973000
ICICI Sapphiro	560000
ICICI Amazon Pay	560000
One Card	500000
SBI Vistara	467000

I did the same for my recent car purchase for my father. I could get zero MDR for upto 4 lakhs payment via credit card after multiple negotiations with the branch head.

All amount above 4 lakh they agreed to come down to A MDR of. 8%

I used 3 credit cards for a total payment of 15 lakhs and maximized returns on each of the 3 (I had individual card limits of above 15lak but spreading out worked out for me) - DCB, Magnus and select card.