Which card to go for? KIwi or Kredit.Pe ACE?

[Joltpost]

I'm planning to apply for either of these cards once I get the SBI Cashback card. Would like a second opinion about these cards.

 

[HumorSimpson]

Note: currently kiwi is issued by yes bank. If you already have some yes cc they may not process the application.

Now the first year subscription is not free since July 1st week even with referral . Referral rewards 300 Rs to applicant and 300 Rs to referee on successful on boarding.


kiwi with neon subscription gives 2% CB on scan &pays and milestone benefits of 3%, 4% and 5% at 50K, 1L and 1.5L. Without neon its 1.5% and no milestone benefits.

1. Neon Subscription(999rs + ginger special tea) you get 2% on scan & pay. Min spend is 100rs and you get 8 kiwis (worth 2rs) per 200rs instant and many times it gives some bonus. This bonus is random many times and it appears as a pop up toy like duck/elephant etc . This you get even for spending small amounts like 20rs. Earlier the neon sub was free for the first year now its need to be purchased.
   1. NOTE : The 2% is on scan and pay . On online purchase its just 0.5%.
2. Milestone benefits
   1. Milestone 1 : When you hit 50K annual milestone you get 3% on all the spends spent till 50K. Plus 1 airport lounge access.
   2. Milestone 2 : When you hit 1L annual milestone you get 4% on all the spends spent till 1L. Plus 1 airport lounge access.
   3. Milestone 3 : When you hit 1.5L annual milestone you get 5% on all the spends spent till 1.5L. Plus 1 airport lounge access.
   4. Once a milestone is hit, they credit you the remainder % of cashback in the next month. i.e., (milestone - 2% )
   5. After all the milestones hit you keep getting 2%
3. Cashback analysis
   
   1. Case 1: Your spends over an year is about 50K. Assuming you can easily get 100rs bonus kiwis
      1. CB % = (50000*0.03 + 100 - 1180)*100/50000 = 0.8% 🙄 . I suggest you not to take subscription and switch to default 1.5% CB.
   2. Case 2: Your spends over an year is about 1L. Assuming you can easily get 200rs bonus kiwis
      1. CB % = (100000*0.04 + 200 - 1180)*100/100000 = 3.02%😀
   3. Case 3: Your spends over an year is about 1.5L. Assuming you can easily get 300rs bonus kiwis
      1. CB % = (150000*0.05 + 300 - 1180)*100/150000 = 4.4% 🥳
4. Exclusions :
   1. big ticket purchases like gold, jewellery, insurances, rents, edu fee dont reward any kiwis and not even considered for milestones.

Even one doesn't get super pro they are good as long as the annual spends are 1-1.5L. One more benefit is, the milestones are calculated on annual basis. So, your monthly spends can vary from 100rs to CL/2 .Monthly upper limit on rewarding spends is CL/2. If your CL is 1L, you can spend till 50K pm to get rewards, unlike superpro where it has hard stop at 16.6K.

@djrocky
you can apply with my referral in my siggy and you get 300rs welcome bonus