KunjanPSD Posted December 31, 2022 Report Share Posted December 31, 2022 Yeh Delhi/NCR walo ke liye ek IVG CC meet krni padegi. 1 Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted December 31, 2022 Report Share Posted December 31, 2022 43 minutes ago, abhi90 said: They sort of conveyed that they will replace my existing Citi CC. Let's see what happens. CC anyways looks like those things that you need but actually don't use them that all The convenience of UPI >>>> CC/DC. From a nukkad wali shop to Taj, can be used anywhere. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted December 31, 2022 Report Share Posted December 31, 2022 3 minutes ago, Bird Bird Bird said: The convenience of UPI >>>> CC/DC. From a nukkad wali shop to Taj, can be used anywhere. Nukkad pe toh hum bhi UPI hi use krte hai but other than small/micro denominations or specific usecases, CC should always be used. Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted December 31, 2022 Report Share Posted December 31, 2022 3 minutes ago, KunjanPSD said: Nukkad pe toh hum bhi UPI hi use krte hai but other than small/micro denominations or specific usecases, CC should always be used. Logic se sansaar chal raha hota to Russia Ukraine war nahi hoti, Trump President nahi hota etc etc. I just said the convenience of UPI trumps everything else. The path of least friction will win. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted December 31, 2022 Report Share Posted December 31, 2022 (edited) 14 minutes ago, Bird Bird Bird said: Logic se sansaar chal raha hota to Russia Ukraine war nahi hoti, Trump President nahi hota etc etc. I just said the convenience of UPI trumps everything else. The path of least friction will win. In the last 4 months of using Magnus and doing legitimate spends (not even 1rs more than I would spent otherwise) using the correct multiplier portals, I have enough points (or will have enough once they credit) to get me 1 Biz return to US or 3 biz return to EU. UPI can win for majority, that's how logical CC users will continue to earn rewards. Edited December 31, 2022 by KunjanPSD Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted December 31, 2022 Report Share Posted December 31, 2022 1 minute ago, KunjanPSD said: In the last 4 months of using Magnus and doing legitimate spends (not even 1rs more than I would spent otherwise) using the correct multiplier portals, I have enough points to get me 1 Biz return to US or 3 biz return to EU. UPI can win for majority, that's how logical CC users will continue to earn rewards. Depends on where you shop ? Most places I do ask 2% extra for CC. Doesn't make sense to me tbh. They provide extra discount on cash. And Amazon/FK already have 5% cb. My CC utilisation is <10%. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted December 31, 2022 Report Share Posted December 31, 2022 (edited) 13 minutes ago, Bird Bird Bird said: Depends on where you shop ? Most places I do ask 2% extra for CC. Doesn't make sense to me tbh. They provide extra discount on cash. And Amazon/FK already have 5% cb. My CC utilisation is <10%. Amz/FK give you 5% because they know that's bare minimum and what other CCs can offer. They are actually capitalising on the convenience of instant cashback, not you. Plus, the places which ask for extra charge (pretty sure none of these will include your food/grocery/dine/travel), your are taking CC out of the options for some cash discount without thinking whether post-charge rewards are good or not. You can pretty much use your CC everywhere, even after paying additional charge to get more rewards. You can use your CCs in right way to even pay bills/rent etc to get rewards, post charges! I pretty much spend on regular, everyday places as well, nothing special. Instant discount vs delayed gratification. I choose the later. Edited December 31, 2022 by KunjanPSD Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted December 31, 2022 Report Share Posted December 31, 2022 6 minutes ago, KunjanPSD said: Amz/FK give you 5% because they know that's bare minimum and what other CCs can offer. They are actually capitalising on the convenience on instant cashback, not you. Plus, the places which ask for extra charge (pretty sure none of these will include your food/grocery/dine/travel), your are taking CC out of the option for some cash discount without thinking if whether post-charge rewards are good or not. You can pretty much use your CC everywhere, even after paying additional charge to get more rewards. You can use your CCs in right way to even pay bills/rent etc to get rewards, post charges! Instant discount vs delayed gratification. I choose the later. Everything makes sense, but convenience + the fact that money is going in real time from my account (not on credit) plays a huge psyche in limiting overspending. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted December 31, 2022 Report Share Posted December 31, 2022 7 minutes ago, Bird Bird Bird said: Everything makes sense, but convenience + the fact that money is going in real time from my account (not on credit) plays a huge psyche in limiting overspending. I guess, that's more of a discipline vs convenience. That's a separate debate. Quote Link to comment Share on other sites More sharing options...
abhi90 Posted December 31, 2022 Report Share Posted December 31, 2022 2 hours ago, KunjanPSD said: Yeh Delhi/NCR walo ke liye ek IVG CC meet krni padegi. Yes please! With guest speaker @KunjanPSD Quote Link to comment Share on other sites More sharing options...
El Tigre Chino Posted December 31, 2022 Author Report Share Posted December 31, 2022 2 hours ago, KunjanPSD said: In the last 4 months of using Magnus and doing legitimate spends (not even 1rs more than I would spent otherwise) using the correct multiplier portals, I have enough points (or will have enough once they credit) to get me 1 Biz return to US or 3 biz return to EU. UPI can win for majority, that's how logical CC users will continue to earn rewards. What’s your ball park monthly spend like? If you don’t mind sharing. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted December 31, 2022 Report Share Posted December 31, 2022 25 minutes ago, El Tigre Chino said: What’s your ball park monthly spend like? If you don’t mind sharing. Last 4 months have been kind of fortunate expenses wise, that I was able to take advantage of the right multipliers at the right time. I don't expect to earn this kind of return in coming months because of lesser/different mix of spends but that's doesn't matter because I have already recouped a lot more than what I paid for the card. For last 4 months, around 1L/month (this might look high but includes some expenses which almost everyone makes in a year lumpsum). Quote Link to comment Share on other sites More sharing options...
abhi90 Posted January 1, 2023 Report Share Posted January 1, 2023 Btw is it any use getting the LTF IDFC CC? Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted January 1, 2023 Report Share Posted January 1, 2023 7 minutes ago, abhi90 said: Btw is it any use getting the LTF IDFC CC? Ltf he why not? Multiple offers on swiggy and will be on other wesbites too. Quote Link to comment Share on other sites More sharing options...
El Tigre Chino Posted January 1, 2023 Author Report Share Posted January 1, 2023 16 hours ago, KunjanPSD said: For last 4 months, around 1L/month (this might look high but includes some expenses which almost everyone makes in a year lumpsum). Not bad for the spends, about 1L worth of rewards on 4L of spends. What are the fees like on Magnus? Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted January 1, 2023 Report Share Posted January 1, 2023 1 hour ago, El Tigre Chino said: Not bad for the spends, about 1L worth of rewards on 4L of spends. What are the fees like on Magnus? 10k + Gst, you do get a tata cliq voucher of 10k (currently this is the offer might change) so basically you'll pay 1800 and whatever monetary value you loose on the voucher. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted January 1, 2023 Report Share Posted January 1, 2023 2 hours ago, El Tigre Chino said: Not bad for the spends, about 1L worth of rewards on 4L of spends. What are the fees like on Magnus? You have to be quick with Magnus. Devaluation is inevitable with such a reward rate, maybe a few more months and once Citi acquisition is up, they will roll back. Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted January 2, 2023 Report Share Posted January 2, 2023 WTF is SBI upto ? Reactivating closed cards to negative balance for RPs. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted January 2, 2023 Report Share Posted January 2, 2023 45 minutes ago, Bird Bird Bird said: WTF is SBI upto ? Reactivating closed cards to negative balance for RPs. I remember people vouching for SBI Cashback here few months ago, knew this will happen ? @Root himself is now a Magnus Guy. Quote Link to comment Share on other sites More sharing options...
AtheK Posted January 2, 2023 Report Share Posted January 2, 2023 I applied for CB card, they gave me a limit of 10K, when my Simply CLick has limit of 10 lacs, I have not even opened the card, I think I will just close it. 1 Quote Link to comment Share on other sites More sharing options...
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