Suggest credit card for Kalyan jewellers monthly scheme

[Dheeraj Singh]

Hi everyone,

I own 25+ credit cards almost from all major banks and all credit goes to this community. Forever grateful to you all for helping me plan my expenses.

I have recently enrolled for Kalyan jewellers’ monthly scheme and i need to pay 2L every month for next 6 months. Please advise which credit cards to use for these big expenses.

Important cards that i presently own are Amex platinum travel, Axis Atlas, ICICI Sapphiro, Tata Neu Infinity, SBI Cashback, HDFC Millenia etc.

I have already exhausted 4L milestones for my Amex card so don’t wish to use that.

Atlas has excluded gold from its rewards and milestones so not of much use in this case.

I have requested for Millennia upgrade to Regalia Gold (basis my income eligibility). I planned to do all these 12L (2L* 6 months) expenses on Regalia Gold to be eligible for DCB or Infinia upgrade in future. But it seems Millenia to Regalia gold will take some time and even i am not sure since i just meet their income criteria and the fact that my previous upgrade requests to RM were not fruitful coz of <3L credit limit and <3L card expenses in last 6 months.

Please suggest what all options shall i use to make these hefty payments. Also, would appreciate if someone could answer following queries as well.

1. Has anyone tried monthly scheme payments through Kalyan vouchers?
2. Since Amex is not accepting new applications, will it be wise decision for me to upgrade my plat travel to some other Amex variant to earn good points or milestone benefits? I presently have around 60k MR points in my Amex plat travel.
3. I am ready to apply for any other credit card, if i can generate enough reward points for gold purchases.

Thanks in advance!

 

[helloworld]

Check HDFC Marriott card.

 

[Dheeraj Singh]

Thanks mate for revert!

 

[nandhakumarn]

Hi everyone,

I own 25+ credit cards almost from all major banks and all credit goes to this community. Forever grateful to you all for helping me plan my expenses.

I have recently enrolled for Kalyan jewellers’ monthly scheme and i need to pay 2L every month for next 6 months. Please advise which credit cards to use for these big expenses.

Important cards that i presently own are Amex platinum travel, Axis Atlas, ICICI Sapphiro, Tata Neu Infinity, SBI Cashback, HDFC Millenia etc.

I have already exhausted 4L milestones for my Amex card so don’t wish to use that.

Atlas has excluded gold from its rewards and milestones so not of much use in this case.

I have requested for Millennia upgrade to Regalia Gold (basis my income eligibility). I planned to do all these 12L (2L* 6 months) expenses on Regalia Gold to be eligible for DCB or Infinia upgrade in future. But it seems Millenia to Regalia gold will take some time and even i am not sure since i just meet their income criteria and the fact that my previous upgrade requests to RM were not fruitful coz of <3L credit limit and <3L card expenses in last 6 months.

Please suggest what all options shall i use to make these hefty payments. Also, would appreciate if someone could answer following queries as well.

1. Has anyone tried monthly scheme payments through Kalyan vouchers?
2. Since Amex is not accepting new applications, will it be wise decision for me to upgrade my plat travel to some other Amex variant to earn good points or milestone benefits? I presently have around 60k MR points in my Amex plat travel.
3. I am ready to apply for any other credit card, if i can generate enough reward points for gold purchases.

Thanks in advance!

buy Kotak zen card

 

[Dheeraj Singh]

Check HDFC Marriott card.

Hi everyone,

I own 25+ credit cards almost from all major banks and all credit goes to this community. Forever grateful to you all for helping me plan my expenses.

I have recently enrolled for Kalyan jewellers’ monthly scheme and i need to pay 2L every month for next 6 months. Please advise which credit cards to use for these big expenses.

Important cards that i presently own are Amex platinum travel, Axis Atlas, ICICI Sapphiro, Tata Neu Infinity, SBI Cashback, HDFC Millenia etc.

I have already exhausted 4L milestones for my Amex card so don’t wish to use that.

Atlas has excluded gold from its rewards and milestones so not of much use in this case.

I have requested for Millennia upgrade to Regalia Gold (basis my income eligibility). I planned to do all these 12L (2L* 6 months) expenses on Regalia Gold to be eligible for DCB or Infinia upgrade in future. But it seems Millenia to Regalia gold will take some time and even i am not sure since i just meet their income criteria and the fact that my previous upgrade requests to RM were not fruitful coz of <3L credit limit and <3L card expenses in last 6 months.

Please suggest what all options shall i use to make these hefty payments. Also, would appreciate if someone could answer following queries as well.

1. Has anyone tried monthly scheme payments through Kalyan vouchers?
2. Since Amex is not accepting new applications, will it be wise decision for me to upgrade my plat travel to some other Amex variant to earn good points or milestone benefits? I presently have around 60k MR points in my Amex plat travel.
3. I am ready to apply for any other credit card, if i can generate enough reward points for gold purchases.

Thanks in advance!

Just a few updates in this thread.
1. As expected Millenia to Regalia Gold upgrade denied even after meeting income criteria amd being an HDFC Imperia account holder.
2. HDFC Marriott card application also got rejected.
3. Tata Neu Infinity credit card gave 1.5% Neu coins for 1L spend. And Millenia is also expected to give 1% Rewards and Quarterly milestone benefit worth 1000.

Kotak Zen credit card suggested also didn’t look that lucrative in terms of reward rates.

Please suggest if i shall look for any other cards for jewellery purchases.

 

[nandhakumarn]

Just a few updates in this thread.
1. As expected Millenia to Regalia Gold upgrade denied even after meeting income criteria amd being an HDFC Imperia account holder.
2. HDFC Marriott card application also got rejected.
3. Tata Neu Infinity credit card gave 1.5% Neu coins for 1L spend. And Millenia is also expected to give 1% Rewards and Quarterly milestone benefit worth 1000.

Kotak Zen credit card suggested also didn’t look that lucrative in terms of reward rates.

Please suggest if i shall look for any other cards for jewellery purchases.

i strongly suggest kotak zen card which you can get around 2.5% for your spend. (including mile stone) . or snapdeal BOB card for 2.5% online spend. CSB edge gives flat2% cashback (sometime milestone rewards) .split your gold chit 25K*8 always. so multiple cards you can spend. kalyan gives upto 20.5 % VA. go for better jewellery makers , they will give 0% VA .

 

[KGSIPO]

i strongly suggest kotak zen card which you can get around 2.5% for your spend. (including mile stone) . or snapdeal BOB card for 2.5% online spend. CSB edge gives flat2% cashback (sometime milestone rewards) .split your gold chit 25K*8 always. so multiple cards you can spend. kalyan gives upto 20.5 % VA. go for better jewellery makers , they will give 0% VA .

Which shop give 0% VA for chit funds

 

[nandhakumarn]

Which shop give 0% VA for chit funds

1. Lalitha for deposit scheme.
2. DAR for chit and deposit scheme.CBE
3. Varsha jewellers chennai
4. Pothy's for deposit scheme
or else look bhimagold.com 0% making charges offer twice in a week
chit for 2 lakh per month bad idea.

if i have money 2 lakh per month i can make 26 gram of gold deposit every month. iam buying metals 300 less than market price outside