Credit card for upcoming 12 lac expense in 3 month

[sandeep.analytics]

Hi All,
I have upcoming expense of around 12 lacs in 3 months due to some functions at our home.
which credit card would be the best for doing such transaction.
I will do 1 lac *3 month in my axis magnus.
Whether 9 lacs in Infinia or standard chartered ultimate card would be best idea to get approx 30k points?
please help me for the credit card i should apply and how much transaction in each card to get max benifit.

 

[Infiniti]

axis vistara Infinite under the ongoing joining fee waiver offer. spend 1.2L and effectively get a free biz class ticket + 3 class upgrades. spends 2.5L for 2 tickets.

 

[theranos]

if into airmiles definitely go for reseve if you can split the transaction you could get upwards of 25% rewards rate ....i think you would value rewards over notional fee of 60k of reserve

 

[Wealth is my birth right!]

Hi All,
I have upcoming expense of around 12 lacs in 3 months due to some functions at our home.
which credit card would be the best for doing such transaction.
I will do 1 lac *3 month in my axis magnus.
Whether 9 lacs in Infinia or standard chartered ultimate card would be best idea to get approx 30k points?
please help me for the credit card i should apply and how much transaction in each card to get max benifit.

Scb ultimate for unlimited no cap rewards

 

[sandeep.analytics]

Scb ultimate for unlimited no cap rewards

Ultimate will also give 3.3 ℅ which will be approx 30k for 9 lacs

 

[sandeep.analytics]

if into airmiles definitely go for reseve if you can split the transaction you could get upwards of 25% rewards rate ....i think you would value rewards over notional fee of 60k of reserve

Can you please share how can i get 25% reward from axis reserve.

 

[CMG]

Hi All,
I have upcoming expense of around 12 lacs in 3 months due to some functions at our home.
which credit card would be the best for doing such transaction.
I will do 1 lac *3 month in my axis magnus.
Whether 9 lacs in Infinia or standard chartered ultimate card would be best idea to get approx 30k points?
please help me for the credit card i should apply and how much transaction in each card to get max benifit.

Retail shopping? Axis Select! 8% airmile reward rate since you hold Magnus.

 

[Wealth is my birth right!]

Retail shopping? Axis Select! 8% airmile reward rate since you hold Magnus.

But monthly 1 lac alone will fetch milestone rewards rest extra will earn normal 1.2% rewards only

 

[bugmenot]

You may check Amex plat travel for 4 lac milestone.

 

[Sudheep]

for 9L

i) part of the expenses which falls in travel category, magnus travel edge/ infinia smartbuy. for rest, scb ultimate - its the utimate option

OR

ii) vistara axis signature/ sbi vistara prime & get premium economy tkts / vistara axis infinite for business class- make an all india metro tour..

 

[CMG]

But monthly 1 lac alone will fetch milestone rewards rest extra will earn normal 1.2% rewards only

Select gives 20RP for 200 (regular rewards). So if i spend 7L in retail shopping, i will be getting 70,000 reward points right? With magnus it will be 42,000RPs (regular rewards) excluding bonus milestone. i.e 56,000 airmiles or 33,600 airmiles respectively.

For retail shopping of 7L
1. Magnus gives 4.8% value in airmiles. = 33,600 airmiles
2. Select gives 8% value in airmiles (if you hold a HNI card) = 56,000 airmiles
3. DCB, infinia or SC Ultimates gives 3.3% = ₹23,100

 

[Wealth is my birth right!]

Select gives 20RP for 200 (regular rewards). So if i spend 7L in retail shopping, i will be getting 70,000 reward points right? With magnus it will be 42,000RPs (regular rewards) excluding bonus milestone. i.e 56,000 airmiles or 33,600 airmiles respectively.

For retail shopping of 7L
1. Magnus gives 4.8% value in airmiles. = 33,600 airmiles
2. Select gives 8% value in airmiles (if you hold a HNI card) = 56,000 airmiles
3. DCB, infinia or SC Ultimates gives 3.3% = ₹23,100

So the best is combo of select and magnus we can transfer air-miles together
But a small downside of select is with mcc I mean lot of retail we think it’s giving 20/200 but some Miss there like hotel and some of automobiles shop spends those are getting its 10/100 in select so that fact to be considered

 

[CMG]

So the best is combo of select and magnus we can transfer air-miles together
But a small downside of select is with mcc I mean lot of retail we think it’s giving 20/200 but some Miss there like hotel and some of automobiles shop spends those are getting its 10/100 in select so that fact to be considered

If it were all offline spends, everybody would be holding magnus + select 🤣

 

[Wealth is my birth right!]

If it were all offline spends, everybody would be holding magnus + select 🤣

Their selling point of 20/200 in select is really a fake marketing which we know only after 1st statement😜

 

[CMG]

Their selling point of 20/200 in select is really a fake marketing which we know only after 1st statement😜

Its like flipping a coin. You either get 20/200 or 10/200 instead of the absolute 12/200 with magnus or 15/200 with reserve.

 

[Wealth is my birth right!]

Its like flipping a coin. You either get 20/200 or 10/200 instead of the absolute 12/200 with magnus or 15/200 with reserve.

Lol 10 12 15 20 we have to toss 2 coins together