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Credit Card - Help & Recommendations


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45 minutes ago, eddy4823 said:

I have a Business Regalia (not Regalia) which I dont think works for SmartBuy offers from HDFC. Are there any better options than Regalia in HDFC ?

DCB and Infinia.

DCB has lesser acceptance so a backup card is needed.

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2 hours ago, KunjanPSD said:

DCB and Infinia.

DCB has lesser acceptance so a backup card is needed.

Guys which is the best backup card ? I have a combo of DCB and Amex and multiple times I end up paying via Gpay because the merchant don't accept both. Should I go for the Amazon ICICI card ?

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1 hour ago, SuperT said:

Guys which is the best backup card ? I have a combo of DCB and Amex and multiple times I end up paying via Gpay because the merchant don't accept both. Should I go for the Amazon ICICI card ?

Depends on your use case i.e. how do you use your Reward points.

Amz ICICI is a good option because it's LTF or maybe you can look at Standard Chartered Ultimate because it gives flat 3.3% reward rate and you can buy hotel vouchers. Ideally only smallers merchants should not be accepting DCB.

How often do you face this problem? Because if it's frequent then it makes sense to get a paid card otherwise Amz ICICI.

Edited by KunjanPSD
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3 hours ago, KunjanPSD said:

Depends on your use case i.e. how do you use your Reward points.

Amz ICICI is a good option because it's LTF or maybe you can look at Standard Chartered Ultimate because it gives flat 3.3% reward rate and you can buy hotel vouchers. Ideally only smallers merchants should not be accepting DCB.

How often do you face this problem? Because if it's frequent then it makes sense to get a paid card otherwise Amz ICICI.

Don't face the issue very frequently. But my dentist where I end up spending 30-40k for the entire family almost every year, some merchants (specially chemists, some grocery stores, local restaurants, hospitals etc.) I want a LTF card as my spends are mostly directed towards DCB and Amex to avoid the renewal fee. I guess Amazon ICICI seems like a decent option. Does it make sense to use the Amazon ICICI card on Amazon or use DCB via smartbuy ?  

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20 hours ago, KunjanPSD said:

Nope. Add-on cards don't contribute to the holder's credit score and hence not included in Cibil.

There are only a few startups which started offering this functionality.

 

Add-on card only helps you to put all the expenses on a particular card, nothing else. Generally for milestone based expenses.

Apply one for yourself if you need one.

 

21 hours ago, hannibal09 said:

They get added as Authorised user however in personal experience untill you get your own card or loan, cibil score doesn't show

 

I was curious because my wife applied for add-on card on my IDFC Wealth she had to go through complete vkyc process.

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49 minutes ago, SuperT said:

Does it make sense to use the Amazon ICICI card on Amazon or use DCB via smartbuy ?  

Depends on the amount you are spending and the value you can get out of the RP on DCB.

 

Let me take an example:

Sony WF1000XM4 = 16990 (post 2k discount on all cards) on Amz.

 

Option 1: DCB on Smartbuy

 

Amount Paid: 16990

Base RPs: 16990/150 = 113*5 = 566

Bonus RPs: 566*3  (3x SB multiplier) = 1699 - 566 = 1133

Total RPs: 566 + 1133 = 1699

 

Total Cost: 16990 - 1699 = 15291

(1RP = 1RE)

 

Option 2: Amz ICICI on Amz

 

Base Amount: 16990

Special Amz ICICI discount: 750

Amount Paid: 16240

Cashback (5%): 812

 

Total Cost: 15428

 

In this example DCB comes ahead.

 

But there are some limitations:

 

1) DCB has max bonus RP cap of 2500/day, 7500/month and post that you will only get the base RP while Amazon has 5% unlimited cashback.

2) Assumed 1RP = 1RE as that is the redemption ratio for Flights/Hotels on Smartbuy and 1RP = 1 Air Mile, if you don't have this redemption use case then RP value is lower.

3) 750 special discount for Amz ICICI is under offer period and shared among all the transactions in the offer period. If you do the above transaction outside the offer period then DCB will look even more attractive.

 

So it really depends on:

1) How much you are spending in 1 transaction and if 5% flat cashback ends up making sense over 2500+Base RPs.

2) How many transactions you are doing in a month i.e. in case you exhaust 7500/month RPs.

3) How you want to use the RPs, if you don't want any travel redemption or airmiles, Amz cashback makes a lot of sense.

 

One more use case can be utilities payment. Smartbuy allows 5k Amz voucher/month but charges 150 as processing fee, so 5150 but offers 495 total points after bonus, hence a return of almost 9.5% over 5150.

But Amz ICICI only gives 2% cashback over utility payments.

 

So all in all, depends on how you cut it.

 

I am trying to get DCB + Citi (Backup) and then Amz ICICI, which should cover all of my expenses.

Will evaluate when Amex comes back or maybe 6-8 months down the line I can try for Infinia/next best.

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1 hour ago, Root said:

 

 

I was curious because my wife applied for add-on card on my IDFC Wealth she had to go through complete vkyc process.

Standard practice, they reduce their liability but don't offer the benefits.

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6 minutes ago, KunjanPSD said:

Depends on the amount you are spending and the value you can get out of the RP on DCB.

 

Thanks for the detailed response man. I am also looking at IDFC First Credit Card and it seems like a decent LTF card. Going to keep my Amex and DCB and will go for IDFC or Amazon ICICI. 

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7 hours ago, KunjanPSD said:

Base RPs: 16990/150 = 113*5 = 566

Bonus RPs: 566*3  (3x SB multiplier) = 1699 - 566 = 1133

Total RPs: 566 + 1133 = 1699

Can you please explain this part? How would Infinia fare in this comparison?

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6 hours ago, achilles said:

Can you please explain this part? How would Infinia fare in this comparison?

Base RPs remain the same.

Bonus RPs will increase as Infinia has 5x SB multiplier.

Bonus Daily Cap for Infinia is 7500/day and 15k/month.

In case of Infinia, SB is almost always the better choice.

 

Just think what kind of value SB used to be before, multiplier used to be 10x for Infinia and DCB with NO cap.

Card Abusers ruined it for everyone.

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Wtf is up with HDFC and ICICI ? None of their cards are now accepted at the (relatively) new 080 Bangalore lounge. It's primarily Amex and few Visa Signature variants (SBI signature, Kotax Visa Sig Debit (not credit), Priority Pass among a few others). 

Even HDFC Infinia and DCB holders were sent to the usual overfilled BLR lounge. 

Amex add on card works btw, for 600 extra. 

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@hannibal09 Need some clarification regarding HDFC Smartbuy Points cap. Does the daily cap include base RPs or only Bonus RPs for a Smartbuy transaction?

 

Let's say I make a purchase of 54000 on SB using DCB which has 2500/day cap and 3x multiplier.

 

Will I get:

 

1) 54000/150 = 360*5 = 1800*3 = 5400 but capped to 2500, so 2500 in total (cap on both base+bonus RPs)

 

2) Base RPs = 54000/150 = 360*5 = 1800

    Bonus RPs = 54000/150 = 360*5 = 1800*3 = 5400 - 1800 = 3600, capped to 2500 = 2500 (cap only on Bonus RPs)

    Total RPs = 1800 + 2500 = 4300

 

Will really appreciate the help.

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2 hours ago, Bird Bird Bird said:

Wtf is up with HDFC and ICICI ? None of their cards are now accepted at the (relatively) new 080 Bangalore lounge. It's primarily Amex and few Visa Signature variants (SBI signature, Kotax Visa Sig Debit (not credit), Priority Pass among a few others). 

Even HDFC Infinia and DCB holders were sent to the usual overfilled BLR lounge. 

Amex add on card works btw, for 600 extra. 

Amex can't mitigate the ban fast enough.

With an Amex, I would pretty much be sorted with the rest of my cards.

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3 hours ago, KunjanPSD said:

@hannibal09 Need some clarification regarding HDFC Smartbuy Points cap. Does the daily cap include base RPs or only Bonus RPs for a Smartbuy transaction?

 

Let's say I make a purchase of 54000 on SB using DCB which has 2500/day cap and 3x multiplier.

 

Will I get:

 

1) 54000/150 = 360*5 = 1800*3 = 5400 but capped to 2500, so 2500 in total (cap on both base+bonus RPs)

 

2) Base RPs = 54000/150 = 360*5 = 1800

    Bonus RPs = 54000/150 = 360*5 = 1800*3 = 5400 - 1800 = 3600, capped to 2500 = 2500 (cap only on Bonus RPs)

    Total RPs = 1800 + 2500 = 4300

 

Will really appreciate the help.

 

2nd one. Cap is on bonus points

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7 hours ago, Sach4life said:

 

2nd one. Cap is on bonus points

I know that but sometimes their bonus points credit don't make sense.

Only if they give details about bonus points credit for individual transactions and not just a lumpsum credit.

They should also do it when the transaction is posted on the card and not days later.

 

Still trying hard for DCB, need to make an Apple transaction and SB is the best option.

Edited by KunjanPSD
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16 hours ago, KunjanPSD said:

@hannibal09 Need some clarification regarding HDFC Smartbuy Points cap. Does the daily cap include base RPs or only Bonus RPs for a Smartbuy transaction?

 

Let's say I make a purchase of 54000 on SB using DCB which has 2500/day cap and 3x multiplier.

 

Will I get:

 

1) 54000/150 = 360*5 = 1800*3 = 5400 but capped to 2500, so 2500 in total (cap on both base+bonus RPs)

 

2) Base RPs = 54000/150 = 360*5 = 1800

    Bonus RPs = 54000/150 = 360*5 = 1800*3 = 5400 - 1800 = 3600, capped to 2500 = 2500 (cap only on Bonus RPs)

    Total RPs = 1800 + 2500 = 4300

 

Will really appreciate the help.

Case 2. Cap is on bonus points only 

NVM, didn't saw it was answered

Edited by hannibal09
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14 minutes ago, hannibal09 said:

Case 2. Cap is on bonus points only 

NVM, didn't saw it was answered

https://www.technofino.in/community/threads/bad-news-for-smartbuy-and-other-amazon-affiliate-purchases.1318/

 

Any info about this? Because this pretty much kills SmartBuy if true. Will finally get Amazon ICICI card if true, Sad.

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17 hours ago, KunjanPSD said:

@hannibal09

 

Will I get:

 

1) 54000/150 = 360*5 = 1800*3 = 5400 but capped to 2500, so 2500 in total (cap on both base+bonus RPs)

 

2) Base RPs = 54000/150 = 360*5 = 1800

    Bonus RPs = 54000/150 = 360*5 = 1800*3 = 5400 - 1800 = 3600, capped to 2500 = 2500 (cap only on Bonus RPs)

    Total RPs = 1800 + 2500 = 4300

 

Will really appreciate the help.

All of this might go in vain.

People aren't able to buy Amazon Vouchers and hit/miss on Amazon transactions.

Not sure how many people will be able to take advantage of Smartbuy without Amazon.

 

Amazon being shitty, Amz icici doesn't qualify for their own ICICI discounts.

Milennia might just end up being good option for Amazon now.

Such a shitty move.

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