Am I losing money with my Premium Card choices?
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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?
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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.