Credit Cards

Stacking cards for 5% back sounds great, but I’m worried about the juggling act. How do I track categories and expirations without it becoming a mess? More importantly, how do I ensure that fees and interest don't eat away at my profits?

You can use CRED, Paytm, Amazon Pay, and PhonePe to pay for your credit card bills, and these provide good cashback rewards, discounts, and offers on various brands that you can use later.

Go with the HDFC Diners Club credit card:

It is a reward card that you can redeem while booking flights and hotel stays (upto 10X rewards).

Provides national and international lounge access.

Provides travel insurance coverage.

Experience amazing dining benefits.

As you mentioned, you are earning well, so you can easily get the high credit card limits. As credit card limits mostly depend on your income.

If you're using Swiggy and Uber a lot, the 4% cashback makes this card worth keeping. Plus, ₹3.5 lakh in annual spending wipes out the fee anyway. I'd only close it if you're barely using those partners or if you're struggling with the high-interest rates. My suggestion is to keep an eye on your quarterly cashback rewards. If they’re looking low, you might want to let it go; but if they’re looking good, keep it in your wallet.

@Drishti
Well, we have mentioned all this quite clearly here: https://fincuss.com/topic/310/hdfc-biz-black-metal-edition-credit-card
But still, if you're considering the HDFC Biz Black Metal Edition Credit Card, here’s what you need to know:

Chip-based security enhances safety. Real-time transaction alerts keep users informed. Two-factor authentication adds extra protection. Earning and redeeming reward points is easy. Rewards can be used for flights, hotels, and e-vouchers. Promotional offers may enhance redemption options.

There is no need to change the card, as you already have the best one. ICICI Diamant CC is a super-premium credit card.

I suggest you switch up your strategy a bit. Use UPI for small purchases since it's free, and save the Millennia card for bigger buys to get 5% cashback. The Indulge card really only makes sense if you’re spending over ₹10 lakh a year; otherwise, it’s just a costly card that doesn't do much for you. It might be a good idea to check your statements every few months. If the fees are higher than the rewards you’re actually getting, it might be time to consider canceling it.

Hey @Shivangi Yes, you can convert your MakeMyTrip ICICI Credit Card reward points into airline miles, or you can use them directly for flights, hotels, and travel bookings on MakeMyTrip.

Just keep in mind that the redemption options and eligibility requirements depend on the current terms and partnerships set by ICICI Bank.

Just go ahead and set up auto-pay using your bank’s app; it'll save you a lot of trouble. Most big banks have free options for e-mandates or UPI auto-debits these days.
So, here's the thing: there's a 3-day grace period from the RBI, but the interest starts piling up immediately, so it's better not to delay. A cool tip is to set up WhatsApp reminders a few days before your payments are due. This way, you won’t have to stress about forgetting ever again.

India has uneven acceptance of Amex cards, and UPI is very popular. Is it really worth looking for transfer partners? Are the point benefits of a premium card worth the hassle of needing a backup Visa for local shopping?