playstationdude Posted October 30, 2022 Report Share Posted October 30, 2022 1 minute ago, Bird Bird Bird said: It's because I have the now shitty RBL Zomato card. Super devalued. Not a fan of RBL - trying to get hands on IDFC Wealth CC. 1.5% markup. Tolerable. LTF. Are your foreign transactions exceeding 1000Usd in a year? Cause a difference of less than 15-20 usd (upto 1000 usd) doesnt seem worth applying for a new card, imo Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted October 30, 2022 Report Share Posted October 30, 2022 (edited) 33 minutes ago, playstationdude said: Are your foreign transactions exceeding 1000Usd in a year? Cause a difference of less than 15-20 usd (upto 1000 usd) doesnt seem worth applying for a new card, imo Yeah, they can go beyond that. Easily 2000-4000 USD next month. Edit: For every 1000 USD, the typical card charges 35USD + 18% GST (~42.xx USD). Anyway, gave up and applied for Fi. Just hoping to get the card before my next travel. Edited October 30, 2022 by Bird Bird Bird Quote Link to comment Share on other sites More sharing options...
playstationdude Posted October 30, 2022 Report Share Posted October 30, 2022 23 minutes ago, Bird Bird Bird said: Yeah, they can go beyond that. Easily 2000-4000 USD next month. Edit: For every 1000 USD, the typical card charges 35USD + 18% GST (~42.xx USD). Anyway, gave up and applied for Fi. Just hoping to get the card before my next travel. Yeah then it definitely makes sense for you will end up saving close to 170 usd Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted October 30, 2022 Report Share Posted October 30, 2022 1 hour ago, Bird Bird Bird said: Yeah, they can go beyond that. Easily 2000-4000 USD next month. Edit: For every 1000 USD, the typical card charges 35USD + 18% GST (~42.xx USD). Anyway, gave up and applied for Fi. Just hoping to get the card before my next travel. A decent cc would have solved all of these problems. Why did you choose Fi over Niyo? Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted October 30, 2022 Report Share Posted October 30, 2022 1 hour ago, KunjanPSD said: A decent cc would have solved all of these problems. Why did you choose Fi over Niyo? Too much stories on card loading, payment etc with Niyo. Many complaints on not even getting the card after months. Let’s see how Fi fares. Which decent CC would solve this problem, bro ? I find spending 50k a year on a CC to be useless tbh. Won’t use most of its benefits. Just want a low markup card. Just too f**king difficult to get I guess. RBL and IDFC, both aren’t giving me the card I want. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted October 30, 2022 Report Share Posted October 30, 2022 1 hour ago, Bird Bird Bird said: Too much stories on card loading, payment etc with Niyo. Many complaints on not even getting the card after months. Let’s see how Fi fares. Which decent CC would solve this problem, bro ? I find spending 50k a year on a CC to be useless tbh. Won’t use most of its benefits. Just want a low markup card. Just too f**king difficult to get I guess. RBL and IDFC, both aren’t giving me the card I want. Not sure why you aren't getting a card from IDFC. Have you checked your CIBIL recently? A decent CC unfortunately doesn't come as LTF. And you don't necessarily need a 50k card, even then it's the kind of spends you can put on it to extract value. That means if you get this card then you make this your main card, that way you can get value out of it and take advantage of such scenarios where you FX txns. Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted October 30, 2022 Report Share Posted October 30, 2022 9 minutes ago, KunjanPSD said: Not sure why you aren't getting a card from IDFC. Have you checked your CIBIL recently? A decent CC unfortunately doesn't come as LTF. And you don't necessarily need a 50k card, even then it's the kind of spends you can put on it to extract value. That means if you get this card then you make this your main card, that way you can get value out of it and take advantage of such scenarios where you FX txns. Cibil is 800. IDFC is only offering one variant of the card which has 1.99% forex. Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted November 11, 2022 Report Share Posted November 11, 2022 So i got my sbi cashback card approved. i already had bpcl octane but i closed it instantly when this was approved. Now i get to know cashback card pe they gave only 10k limit WTFFFFFF!!! On bpcl it was 70k . How do i go about it now ? Should not have closed the older one beforehand Quote Link to comment Share on other sites More sharing options...
dante77 Posted November 11, 2022 Report Share Posted November 11, 2022 53 minutes ago, rushab oswal said: So i got my sbi cashback card approved. i already had bpcl octane but i closed it instantly when this was approved. Now i get to know cashback card pe they gave only 10k limit WTFFFFFF!!! On bpcl it was 70k . How do i go about it now ? Should not have closed the older one beforehand Closing and issuing a new CC affect credit score negatively too. There is no need to close instantly unless yearly charge is coming. Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted November 11, 2022 Report Share Posted November 11, 2022 1 hour ago, rushab oswal said: Now i get to know cashback card pe they gave only 10k limit WTFFFFFF!!! On bpcl it was 70k Don't have a solution but that was a massive troll by SBI. 1 Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted November 11, 2022 Report Share Posted November 11, 2022 11 minutes ago, dante77 said: Closing and issuing a new CC affect credit score negatively too. There is no need to close instantly unless yearly charge is coming. It was coming in 4 months. But did not want to carry an extra unused card. guess lesson learned? 3 minutes ago, Bird Bird Bird said: Don't have a solution but that was a massive troll by SBI. Needs 2 lakhs spends for waiver of yearly fee. Gives 10,000 limit. Masterstroke by sbi 2 Quote Link to comment Share on other sites More sharing options...
0verlord Posted November 11, 2022 Report Share Posted November 11, 2022 3 hours ago, rushab oswal said: Needs 2 lakhs spends for waiver of yearly fee. Gives 10,000 limit. Masterstroke by sbi 10,000 cashback limit is per month. That’s 2L spend per month or 24L per year. Need 2L spend per year for fee waiver. All correct? Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted November 11, 2022 Report Share Posted November 11, 2022 1 hour ago, 0verlord said: 10,000 cashback limit is per month. That’s 2L spend per month or 24L per year. Need 2L spend per year for fee waiver. All correct? Per year. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted November 11, 2022 Report Share Posted November 11, 2022 6 hours ago, rushab oswal said: So i got my sbi cashback card approved. i already had bpcl octane but i closed it instantly when this was approved. Now i get to know cashback card pe they gave only 10k limit WTFFFFFF!!! On bpcl it was 70k . How do i go about it now ? Should not have closed the older one beforehand I did mention this on the shopping thread that insulting CLs are being given. You shouldn't have closed the old card especially if it was LTF and an old one. Quote Link to comment Share on other sites More sharing options...
playstationdude Posted November 12, 2022 Report Share Posted November 12, 2022 At 10000 monthly limit, you have a maximum spending capacity of only 120000. So even if he is maxing out the cc every month there is no way to reach 2L Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted November 12, 2022 Report Share Posted November 12, 2022 1 hour ago, playstationdude said: At 10000 monthly limit, you have a maximum spending capacity of only 120000. So even if he is maxing out the cc every month there is no way to reach 2L Use 10k, prepay, use again. Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted November 12, 2022 Report Share Posted November 12, 2022 20 minutes ago, KunjanPSD said: Use 10k, prepay, use again. That's really stupid tbh. What if he wants to use it for a swipe of 15k ? The whole point of CC is convenience. Honestly, unless it's a big purchase, I just keep on using UPI everywhere. Such an awesome time saver. No need of card, no need to remember CVV etc. Quote Link to comment Share on other sites More sharing options...
kaka_messi Posted November 12, 2022 Report Share Posted November 12, 2022 9 minutes ago, Bird Bird Bird said: That's really stupid tbh. What if he wants to use it for a swipe of 15k ? The whole point of CC is convenience. Honestly, unless it's a big purchase, I just keep on using UPI everywhere. Such an awesome time saver. No need of card, no need to remember CVV etc. He can swipe it for as much as he wants as long as is it below the CC limit. You get 5% cashback upto 10,000 rupees per month on the card. So you have to spend 2,00,000 per month to get 10,000 rupees as a cash back in your account. If you spend less, you get less. There is no restriction/bottleneck on what you buy and from where you buy as long as it is an online shopping. Although I haven't hit 2,00,000 per month with the card but as per the customer care you will start getting 1% cashback for that particular month on all the transactions once you have hit the 10,000 quota. Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted November 12, 2022 Report Share Posted November 12, 2022 (edited) 10 minutes ago, kaka_messi said: He can swipe it for as much as he wants as long as is it below the CC limit. You get 5% cashback upto 10,000 rupees per month on the card. So you have to spend 2,00,000 per month to get 10,000 rupees as a cash back in your account. If you spend less, you get less. There is no restriction/bottleneck on what you buy and from where you buy as long as it is an online shopping. Although I haven't hit 2,00,000 per month with the card but as per the customer care you will start getting 1% cashback for that particular month on all the transactions once you have hit the 10,000 quota. His spending limit is 10k a month. Edited November 12, 2022 by Bird Bird Bird Quote Link to comment Share on other sites More sharing options...
kaka_messi Posted November 12, 2022 Report Share Posted November 12, 2022 2 minutes ago, Bird Bird Bird said: His spending limit is 10k a month. No, 5% upto 10,000 is the maximum cashback you can get per month. Quote Link to comment Share on other sites More sharing options...
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