How I Manage Multiple Credit Cards?

How I Manage Multiple Credit Cards_

Getting my first credit card

When I first applied for Credit Card in 2013, it was rejected saying I’m not over 23 to apply.

Credit Card Application Rejection Due To Age
Credit Card Application Rejection Due To Age

As soon as I turned 23, on the same day I applied for my first credit from HDFC. It was an HDFC MoneyBack Credit Card, I had no clue on reward points, lounge access or Insurance. I just had it for the feeling of holding one.

Continue reading “How I Manage Multiple Credit Cards?”

Dineout Gourmet Passport Membership Review

Dineout Gourmet Passport Membership Review

Dineout is one of the best restaurant table booking app in India. Dineout was founded in 2012, it simply meant allowing diners to reserve a guaranteed table at the top restaurants in the city and was acquired by Times Internet Limited in 2014. Times Internet is India’s largest digital products company and the digital venture of Times of India.

According to the company, it provides online reservations for about 6,000 restaurants around the country and serves over 2 crore diners across 11 cities.

About Dineout
About Dineout

Use Dineout to find best restaurants, deals, discounts and offers in:

  • Delhi
  • Mumbai
  • Bangalore
  • Chennai
  • Hyderabad
  • Pune
  • Kolkata
  • Ahmedabad
  • Chandigarh
  • Goa
  • Jaipur

Gourmet Passport

Dineout Gourmet Passport Membership Review
Dineout Gourmet Passport Membership Review

The loyalty membership program of Dineout is Gourmet Passport which gives the Ultimate Dining Privilege. A membership program which gives you exclusive access to Buy 1 Get 1 offers at 800+ partner restaurants.

  • 1+1 on Food
  • 1+1 on Drinks
  • 1+1 on Buffet

The most unique offer on this membership is 1+1 on Buffet. It would be perfect for you to experience a date night in a 5-star hotel by just paying for one person. Believe me, it works. I use to hunt for deals on to get the vouchers before and now not anymore. Continue reading “Dineout Gourmet Passport Membership Review”

How to make the best use of HDFC Bank Diners Club Black Credit Card?

How to use HDFC Diners Club Black Credit Card

HDFC Bank Diners Club Black is one of the best super premium credit card available in India. I’m using this credit card for more than a year now. This article is my hands-on experience in milking the credit card for getting maximum reward points.

10X Rewards

Diners Club HDFC 10X rewards
Diners Club HDFC 10X rewards

The best thing about the Diners Club is the 10X reward points. I personally think the team behind the Diners Club does an awesome job of shortlisting the partners from day-to-day needs and offer 10X rewards.

I live in Bangalore, I have now started using Zoomcar for weekend getaways, order food on Swiggy, book tickets on BookMyShow, do e-commerce shopping on Myntra, Flipkart or Amazon and make my bill payments using PayZapp Wallet. With these partners, I’m able to cover almost 80% of my monthly needs.

These 10X reward partners are updated on quaterly basis.

Continue reading “How to make the best use of HDFC Bank Diners Club Black Credit Card?”

How to save tax using credit card reward points in India?

Save Tax using Credit card reward points

There are many innovative ways to make use of the reward points from credit cards. I know a lot of savvy users make use the credit card reward points to redeem them for flight tickets, hotel stays, gift vouchers and electronics.

March is always a dry month for most of the salaried individuals. I was always wounding when will India allow us to make tax-saving investments using a credit card. To my surprise the National Pension Scheme (NPS) allows us to make the investment using a credit card. Contributions made to the National Pension Scheme (NPS) comes under 80CCD deductions. Continue reading “How to save tax using credit card reward points in India?”

CRED Mobile App Review – The Best Way To Pay Credit Card Bill In India

CRED Mobile App

The best way to use the credit card is to take advantage of interest-free credit days, accumulate reward points, review your spending from the statement, pay on time and full outstanding. Using a credit card is discipline, loyalty, and power. Spending money is always the fun part and paying it back is the most boring. What if the bill paying is also fun and rewarding. Yes, you can get reward points even for paying your credit card bills.

What is CRED app?

CRED is a members-only app which rewards you with exclusive rewards for paying your credit card bill. The most rewarding credit card payment app ever in India. You can download the app and apply to be a member.

CRED background

It’s founded by Kunal Shah, founder of freecharge which was also a loyalty reward platform for bill payments. CRED had secured $30M in funding and has a 50+ strong team. Continue reading “CRED Mobile App Review – The Best Way To Pay Credit Card Bill In India”

How I saved more than 36,418 rupees in a year using credit card

Indusind signature legend credit card

For middle-class people, the credit card is a best friend if used wisely.

Indusind signature legend credit card
how to save using credit card

Until a year ago I was rarely using my HDFC credit card, I never know the difference between VISA and MasterCard. I was least bothered about which credit card I was holding and what is the terms and conditions in it. The reason for not paying attention was because my father once cut his credit card into pieces. I didn’t even ask him why did he do so but I cultivated a habit of never be loaned.

All my transactions were on my Digibank by DBS debit card, not even on my savings account debit card.

I had my company’s current account with IndusInd Bank because they offered zero balance current account for the private limited company. I don’t even remember how I ended up coming to know about IndusInd bank then, but I wish to thank whoever introduced me to IndusInd Bank now.

The relationship manager was nudging me to get a credit card. I said to him I already have HDFC Regalia credit card, my credit limit is more than enough and I do not want my CIBIL score to be affected by opting for another credit card. He was persistent and tried to sell me IndusInd Signature Legend credit card at a 24,000 rupees + GST.

Just to avoid his calls and maintain a relationship one fine day I said fine, let me get it based on card-to-card process. By this way, he proclaimed it won’t affect the CIBIL score I don’t if it really works that way.

I did a detailed study on the card and that’s when I figured out I was so dumb and didn’t know about free airport lounge access the credit cards where providing. I got the card just before my trip to Leh and Ladakh and used the plaza premium lounge at Bangalore Airport for the first time. It was so smooth. Loved it.

After a month I also received four free air tickets from Jet Airways as a welcome gift for that ~28K INR I paid for the lifetime fee of the card.

IndusInd Signature Legend Credit Card Joining fee
IndusInd Signature Legend Credit Card Joining fee

IndusInd Signature Legend Credit Card Welcome gift
IndusInd Signature Legend Credit Card Welcome Gift – JetAirways Promotional code

All I did after getting the card was,

  • Moved all my day-to-day transactions to the credit card
  • Got 4 add-on card for my family members and asked them to use the credit card instead of debit card where ever possible

Summary of spend by all the card members

Summary of spending by all the card members

After completing the first financial year with the credit card, IndusInd Bank send a summary that’s when I realized I had saved more than 36,418 rupees last year. One Reward point is equal to one rupee as the cash credit. 1 RP = 1 Re INR.

IndusInd Signature Legend Credit Card Reward Points
IndusInd Signature Legend Credit Card Reward Points

Not only this, after completing one billing year I also got additional 4,000 reward points as one-time milestone benefit.

In my math,

  • I paid to join
    • 28,320 rupees
  • Reward points collected
    • 36418+4000 = 40,418
  • Savings
    • 28,320-(36,418+4,000) =12,098 INR (cash credit to pay my credit card bills)
    • Four Jet Airways flight tickets which I used for around 20K to book a trip to Andaman
    • Lifetime no renewal charges
    • Lifetime access to VISA Signature airport lounges 
    • Free add-on cards for my family
    • Free BookMyShow tickets every month
    • Reward points for adding money to wallet like PayTM and PhonePe

Anyway, as I have used my card to the extent I wanted to, I feel it’s worth spending that joining fee.

What do you think? Please leave your thoughts in the comments section.

Making best use of cash back from mobile wallets

India’s best customer acquisition strategy is cashback. That’s why most of the e-commerce companies and credit cards offer cashback to make the payment go through them so they could replace hot cash. Cash (Flow) really is king, isn’t it.

Last year I was exploring a lot of travel and credit cards. One interesting thing that I was obsessed about was cashback. Of course, who won’t like cash back? Everyone does, don’t you?

What to do with cash back?

Simple, invest them but wisely.

But how?

Continue reading “Making best use of cash back from mobile wallets”

Why credit card is important to have?

In India debit cards are most famous as we Indians love to have control over money and want to live a conservative life within our earning capacity.

There is nothing wrong in living a calculated life. I have huge respect for them. But there are few things a credit card can add value in our day-to-day life.  Using credit card is so easy and smart decision if you know how to make full use of it.

Free credit period

Mostly all credit cards in India comes with 50 days free credit period. Which means you can buy today and pay next month.

Real life scenario: By 20th of every month i’ll mostly be broke and credit card will come handy that too when i live in city like Bangalore were even road side shops accept PayTM. I can top-up PayTM digital wallet with my credit card and pay after my salary.

Total protection

Most people believe transacting on debit card is safe, but in reality debit card’s does not come with protection against any unauthorised transactions and the debit card holder need to worry about fraudulent usage of the card. But it’s not the case with most credit cards as they come with insurance program which covers you for a sum up to the credit limit on your Credit Card. Continue reading “Why credit card is important to have?”