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.

I'm thinking about getting a premium credit card, but my salary and the need for manager approval make me question if it's worth it. Should I just go for a more practical card that gives better everyday rewards without the stress?

@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.

With convenience fees eating into the ₹2,000 benefit on the IndusInd Indulge, is it still worth it? Am I losing money by keeping a 'premium' card when there are better options, such as HDFC Millennia, or using UPI to avoid extra fees?

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.

Re: Axis Bank Reserve Credit Card

In the future, if I accidentally miss a payment, the immediate interest and credit hit feel so harsh. Shouldn't banks offer a little more grace or proactive reminders for first-time slips? It feels like they’re prioritizing quick penalties over actually building a long-term relationship with their customers. Is there a better option?

In today's corporate world, effective expense management and premium benefits are essential. American Express (AmEx) stands out with its top-tier corporate spending solutions. The American Express Platinum Corporate Card is particularly noteworthy for Indian businesses seeking prestige, extensive travel benefits, and global acceptance.

Bank.png

What Makes This Card So Platinum?

The AmEx Platinum Corporate Card is a premium metal card tailored for organizations and executives. Issued under corporate agreements, it simplifies financial operations. Updated in April 2024, it features an elegant and durable design. This card offers extensive travel, lifestyle, and business benefits, making it one of the most comprehensive corporate credit cards in India.

Your Platinum Privileges Premium Card Design The American Express Platinum Corporate Card was refreshed in April 2024. It features a durable metal design for enhanced prestige and is targeted towards businesses and senior executives. This premium offering is tailored for organizations. Unmatched Travel Privileges American Express offers access to over 1,400 airport lounges globally, including prestigious options. Unlimited guest access is available for a fee of $32 per visit. The Platinum Airlines Program provides discounts and perks on flights with major airlines. Air India offers up to 20% off international fares and 15-20% off domestic fares until December 2024. Complimentary travel insurance covers delays, baggage loss, accidents, and includes significant medical coverage. Airport concierge services assist with smooth check-in, transfers, and immigration at select airports. The Dedicated Travel Services Helpline offers personalized assistance for business travel needs. Exclusive Hotel & Lifestyle Benefits

Marriott Bonvoy Gold Elite Status: Automatic upgrade with a waived 25-night requirement; benefits include bonus points and late checkout.

Fine Hotels + Resorts Privileges: Competitive rates and benefits at over 1,300 properties; average value ₹44,300; includes upgrades and amenities.

Complimentary Taj Epicure Plus Membership: Effective November 1, 2023; offers various discounts and perks at Taj establishments, including food and spa services.

Hertz Gold Plus Rewards: Platinum Cardmembers receive rental discounts, upgrades, and a grace period for car rentals.

Exclusive Dining Offers: Access to discounts and curated experiences at premium partner restaurants.

Rewarding Business Tools & Benefits

Welcome Benefits: Choose from ₹35,000 Taj, ₹30,000 Amazon, or ₹30,000 MakeMyTrip vouchers.

Membership Rewards®: Employees earn points on business expenses — 1 point per ₹40 spent.

Earn rates vary: 1 point per ₹100 for telecom, insurance, and fuel (max 1,000 points/month).

Points never expire; flexible redemption options are available from 350+ brands.

Spend-Based Vouchers: An annual spend of ₹30,00,000 earns a ₹10,000 gift voucher from select brands.

International Travel Offer: Book flights/hotels worth ₹2,00,000 to unlock ₹15,000 MakeMyTrip vouchers.

Expense Management Tools: Consolidated reports and online management via @Work for efficient tracking.

Add-On Cards: Issue multiple corporate cards under one account.

Global Acceptance: Widely accepted in India and abroad; expanding network.

Platinum Care & Global Support

24-Hour Platinum Service: A toll-free helpline is available globally for card-related support.

Platinum Concierge Services: A 24/7 team assists with bookings, travel arrangements, and corporate events.

Global Assist: Emergency support for medical and legal issues abroad, covering various essential services.

Emergency Card Replacement: Replacement cards are delivered within 2 business days at no cost worldwide.

Zero Lost Card Liability: There is no liability for fraudulent transactions if the loss is reported immediately; limited liability applies if there is a delay.

Online Account Services & App: Manage your account securely at any time; access statements, rewards, and card settings.

Platinum Protection: Coverage against travel-related issues such as lost baggage or important documents.

The Investment: Fees and Eligibility

Now, let's talk about the aspects of this premium card.

The annual fee is ₹40,000 + GST, which is one of the highest in the market. No joining fee is required for the card. Foreign currency transactions incur a 3.5% + GST mark-up fee. Cash advances incur a 3.5% fee, with a minimum charge of ₹250. The interest-free period lasts up to 48 days; it extends to 51 days with full balance payment.

Eligibility Criteria

The American Express Platinum Corporate Card is exclusively for corporate use. Eligibility requires company revenue of over ₹2.75 crore. Companies must operate in designated cities. Cardholders must be key decision-makers in their organizations. Is This Card Right for Your Business?

The AmEx Platinum Corporate Card is tailored for mid-sized to large corporations, especially those in consulting, IT, finance, and global operations. It's particularly beneficial for senior management who travel internationally and seek luxury lifestyle perks alongside robust financial tools.

The Final Word

The American Express Platinum Corporate Card caters to large organizations and executives, providing extensive travel perks, lounge access, and elite hotel status for a high annual fee. It is particularly beneficial for companies with frequent international operations, offering prestige and efficient expense management. While it is a valuable investment for leadership focused on global travel, smaller businesses may prefer more affordable options. Ultimately, the card functions as both a payment method and a symbol of commitment to comfort and efficiency in global business operations.