SBI Aurum - Does it deserve a place after the Magnus catastrophe and for those who cannot get hold of Infinia?

[Ramakgmc]

Nobody is looking at SBI Aurum seriously. Should we consider it with the Magnus catastrophe, especially if you cannot get hold of Infinia?
1% cash reward rate - No major exceptions (including government, insurance, etc.)
1 Lakh per month - 1500 Tata Cliq cash voucher
Milestone benefits - 5K Tata Cliq (5L), 10K Taj (10L), and the new Apple 20K (20 L) cash vouchers.
Annual fee exemption - 10K (12L)
If fee paid - 40K points (10K back)
This easily translates into 4-4.5% returns without much effort!
Generally, no need to maintain an Excel sheet and monitor. Decent non-spend benefits (lounge/golf).
I would suggest it for people who do not want to make extra effort (? Boring people)!

 

[ARV]

Too many cards shouldn't be an issue with sbi.
I got Aurum when I had around 30 active cards

Not sure, it was declined twice for the same reason. I have 23 active cards.

 

[CCUser_1999]

Not sure, it was declined twice for the same reason. I have 23 active cards.

Same here. I am now closing some of my cards which I am not using (mainly LTF free cards), to get below 10 and then will try again in Q1 next year.

 

[ARV]

Same here. I am now closing some of my cards which I am not using (mainly LTF free cards), to get below 10 and then will try again in Q1 next year.

Yes, even i am doing the same. Try in mid of March as they need to close yearly targets and chances will be better

 

[ALOAK]

The problem with SC ultimate are the redemptions options are pathetic !
I am stuck with some 20k points without knowing, where to spend this - I use spend rather than splurge, coz most options available there seem like you have to splurge .

Same here day before yesterday I checked vouched section now only marriot bonvoy and itc voucher Taj hotels voucher removed. So only two are left rest other vouchers no use at all.

 

[NeoOnWheels]

I guess ICICI Emeralde Metal is better than Aurum card. 3% cashback in statement credits. Unlimited lounge access domestic and international. 750/- B1G1 BookMyShow tickets every month, Taj epicure membership and 1 night complimentary stay.

 

[bhatt83hemang]

The problem with SC ultimate are the redemptions options are pathetic !
I am stuck with some 20k points without knowing, where to spend this - I use spend rather than splurge, coz most options available there seem like you have to splurge .

I have 84k….till march 23 Croma, big basket ware there.

 

[bhatt83hemang]

I guess ICICI Emeralde Metal is better than Aurum card. 3% cashback in statement credits. Unlimited lounge access domestic and international. 750/- B1G1 BookMyShow tickets every month, Taj epicure membership and 1 night complimentary stay.

Icici has many capping

 

[NeoOnWheels]

Icici has many capping

You can settle 50K points in a cycle at max. ie the capping. BUt again, 1 RP =1/- so 50K is quite a lot for 1 month at 3% cashback ratio.

 

[Lord Of Darkness]

I have 84k….till march 23 Croma, big basket ware there.

Yeah i know, so the only decent redemption i can think of now is Marriott or ITC sadly !

 

[shrewdoc]

50K is quite a lot for 1 month at 3% cashback ratio.

Yeah upwards of 15L spends.

 

[dealsense]

Does ICICI Emeralde or SBI Aurum provide rewards on Govt spends like income tax payments?

 

[NeoOnWheels]

Does ICICI Emeralde or SBI Aurum provide rewards on Govt spends like income tax payments?

ICICI Reward points will not be accrued for fuel, Tax and rent payments

 

[Ramakgmc]

Now, SBI aurum is also getting into miles transfer. ITC/Vistara and Air Asia have started.
What is the yield? Does it stand a chance if M4B and Infinia are not possible?

 

[Slayer]

@xywowowvw do cost benefit analysis

 

[sxchzy]

@xywowowvw do cost benefit analysis

First year is good as you get amazon voucher against fee and bms tickets compensate gst
Apart from that if you are able to reach milestone every year then fees waived off so good