-
Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.
CCcollectors - What are the best Cards to hold today?
- Thread starter Pr@k
- Start date
MRCC may be one of the best in terms of rewards. Spending Rs 6000 and getting 1000 rewards points is good. Moreover the redemption option AMEX provides is wide. My strategy would be if I can spend one lakh in a month, I would use Magnus. If I cannot spend one lakh, I would use MRCC for Rs 6000 and then proceed with SBI Cashback for rest of my expenses
What's the requirement for infinia? And what if we can't get infinia? Then what to replace it with.I plan to keep only the below credit cards and close the rest of the cards (all citi 2+ Amex 3+ some other cards ) to keep it simple.
Axis Magnus (paid) - For 1L milestone ( And above 200/-)
HDFC infinia (paid) - Below 200/- and After Magnus 1L limit is reached
Tata neu RuPay (LTF) - For all chai/ pan shops that don't accept cards.
( I still miss DCB 33% unlimited + citi gold debit 22% )
I believe the above will give decent returns (20-30+ %) on spending around 20-22 lakh or more /yr. I don't see much value in keeping and juggling 6-10 cards to increase returns by 3-4 % Max.
The above theory applies to the number of stocks/ MF/ properties. The increased number may start taking a toll on the stress side due to every time decision-making.
Maybe I am getting old
Last edited:
I personally hold DCB currently and find its 3.3% flat reward structure hassle free after I exhaust my 1 lac Magnus limit. Moreover Smartbuy is still rewarding if not the best if used wisely plus the monthly DCB milestones of 80K, 5L Fee waiver limit, & International lounge access for Primary & Addon Holders (Biggest drawback of Magnus after 8 free guest visits) as well as other memberships
Also HDFC redemption (Hotel/Flights) is simpler to use if one counts that as a plus since not much planning is required.
What's your strategy for wallet loads?
Both the cards don't give any points on wallet loads.
Hdfc diners club black is a great card to have if you can't get infinia.
3.3% rewards on most spends, plus if you use smartbuy you can get 3x and more RPs.
People who have DCB own atleast 2 or 3 backup cards anyways.
But yea acceptability can be a problem , but I personally did not face much issues offline/ online for majority of my spends.
sv004
TF Premier
I had dcp and it was rejected at many places and even websites. Finally switched to millennia. Its always better to have cards on visa and mc platform
It's necessary to have backup cards on MC/Visa platform.
Just coz it is not accepted at few places doesn't make it a bad card. The rewards far outweigh the issue of non acceptance.
sv004
TF Premier
What is the use of that card when i cant use credit limit at place i want.
If it doesn't work for you, there is no point holding it. It's better to close the card and stick to the more accepted MC/Visa Network.
I personally do not use wallet loads so doesn't concern me.
+1
IMHO DCB if used properly can be quite rewarding. But yes at some portals there are acceptance issues and there is no denying that fact.
Therefore Magnus+DCB/Infinia I feel is a great combo to have.
Totally agree 100% with this.
I currently use Magnus + DCB + SC Ultimate (for wallet). So these cards I would say are my primary cards.
Before magnus the core purpose of diners club card is the unlimited lounge feature
Now those who have magnus can try upgrading dcb to infinia
Now those who have magnus can try upgrading dcb to infinia
How DCB 33% unlimitedI plan to keep only the below credit cards and close the rest of the cards (all citi 2+ Amex 3+ some other cards ) to keep it simple.
Axis Magnus (paid) - For 1L milestone ( And above 200/-)
HDFC infinia (paid) - Below 200/- and After Magnus 1L limit is reached
Tata neu RuPay (LTF) - For all chai/ pan shops that don't accept cards.
( I still miss DCB 33% unlimited + citi gold debit 22% )
I believe the above will give decent returns (20-30+ %) on spending around 20-22 lakh or more /yr. I don't see much value in keeping and juggling 6-10 cards to increase returns by 3-4 % Max.
The above theory applies to the number of stocks/ MF/ properties. The increased number may start taking a toll on the stress side due to every time decision-making.
Maybe I am getting old
Can you please let us know how do you pay cc bills with Cc
Search the threads we have lot of discussions
Tarun2601
TF Buzz
A
Amex membership rewards and Gold charge card are good with high reward rate if you can spend just 6k-6k per month on both these cards consistently.
RohitSah
TF Buzz
Can anyone please explain what does he mean by DCB 33% unlimited?I plan to keep only the below credit cards and close the rest of the cards (all citi 2+ Amex 3+ some other cards ) to keep it simple.
Axis Magnus (paid) - For 1L milestone ( And above 200/-)
HDFC infinia (paid) - Below 200/- and After Magnus 1L limit is reached
Tata neu RuPay (LTF) - For all chai/ pan shops that don't accept cards.
( I still miss DCB 33% unlimited + citi gold debit 22% )
I believe the above will give decent returns (20-30+ %) on spending around 20-22 lakh or more /yr. I don't see much value in keeping and juggling 6-10 cards to increase returns by 3-4 % Max.
The above theory applies to the number of stocks/ MF/ properties. The increased number may start taking a toll on the stress side due to every time decision-making.
Maybe I am getting old
Earlier there was no capping on DCB points and many vouchers used to give 10X returns.
The base rate is 3.3%, so earlier it was easy to get 33% for lot of spends on DCB.
Similar threads
- Question
- Question
