Best Credit Card in India | with Maximum Benefits | 2020

-


Remember the time, when we used to compare various credit cards on their benefits and then used to register for it. The main benefits we used to look for were:

 

1.    Airport Lounge Access

2.    Cashback Schemes of various websites like Amazon.in, Flipkart.com, myntra.com and many others.

3.    Partnership with big hotels like Taj Hotel, Oberoi etc.

4.    Discount offers on travel websites.

5.    Fuel discounts

6.    Good Points into INR conversion ratio.

7.    Discounts of Bill Payments

 

 

People used to search for so many other criteria including the above-mentioned points and then go for a particular credit card.

 

But now I think the times have changed. We are not travelling anymore, fuel requirement has gone down, we are not going to big and expensive hotels and not even ordering food much. Times have certainly changed and I think maximum of us will keep on continuing this for another 2 years. So now basically we are not getting any benefit out of our credit card.

 

What if I tell you that there is still a card available which can give you direct monetary benefit even in these times.

 

Yes, I am talking about American Express Rewards card. I am using this card from 4 years now and have realised that this is the best credit card now. I have HDFC Regalia, Citi IOCL Fuel card, Standard Chartered Titanium Card and ICICI Amazon Card.

 

You may ask that why I think that American Express Rewards card is the best. There are endless benefits it gives, some of them I am writing here.

 

1.    It gives you 1000 points on 4 transactions of minimum ₹1000 anywhere using the card.

2.    It gives you the above said 1000 points on even adding money in your wallets and gives you extra points on spending the amount you have just added.

3.    Every now and then, American Express brings 10% cashback or instant discount schemes on amazon.in, flipkart.com, bigbasket.com, makemytrip.com, goibibo.com and other major websites.

4.    It gives 1 point on spending of ₹50 on even adding money in wallets.

5.    It gives very good travel offers on its own website.

6.    It gives very good car insurance offers on its on website.

7.    Gives Free Airport Lounge Access

8.    Levy no surcharge on fuel purchase and gives extra points on fuel purchase.

 

The benefits are countless but let me talk about its biggest benefit – The Point Redemption Scheme.

 

As already mentioned, it gives 1000 points of 4 transaction of minimum ₹1000 in a month, let us calculate how many points you can accumulate in one year.

 

Suppose you spend ₹4000 by doing 4 x ₹1000 transactions with your card ( even adding that amount in paytm or other wallets)

Number of points earned = 1000 + 80=1080

 

1000 points because you did 4 transactions of ₹1000

80 because it gives 1 point on every ₹50 transaction = 4000/50=80

 

Money spend in 1 month = ₹4000

Points gathered in 1 month = 1080

Money spend in 1 year= ₹4000 * 12= ₹48000

Points gathered in 1 year= 1080*12=12960

 

Let us not talk about the benefits you got from paytm or other wallets where you added this money.

 

6 must have Guitar Accessories for everyone


Redemption Scheme-

 

The best part is here. You get a benefit of ₹5300 on redemption of 12000 points. This is directly subtracted in your next statement. It means that it gives you a benefit of ₹5300 on spending ₹48000 in an year with nearly 1000 points in your account.

 

% of savings = %(5300/48000) = 11.04 %

 

This is very big in case you credit cards. No other card will give you this much benefit.

 

This scenario is the minimum scenario I have discussed.

 

For this type of redemption, the user has to call to their call centre on number mentioned on their credit cards. Now, lets talk about their call centre.

 

THEY WILL MAKE YOU KING FOR THOSE 5 minutes.

 

Yes, you read it right. For those 5 minutes the representative will talk to you like you are his king. I feel so good talking to their call centre people and the resolve any of my issue in not more than 5 minutes.

 

The redemption of ₹5300 is only valid for 1 time in one year. But redemption of ₹7500 of gathering 18000 points and ₹10000 on gathering 24000 can be taken unlimited times in 1 year

 

So if you are looking for a new card with maximum benefits, click here to avail your Amex Rewards Card and get 2000 extra points on spending first ₹5000. 

 

Please comment and let me know if it helped.

Comments

Post a Comment

Popular posts from this blog

The Time has Come

-
Image
The year is 2100. India is the most populated country of the world despite the fact that millions of Indians are settled in different countries worldwide. There are no states now. The country is divided into different zones counted from the capital city which is at the heart of the country. Every zone is divided into 5 subzones making a total of 20 subzones and every subzone is like a Metro city.  The capital city of India is now the most developed city of the world comprising of Multi Layered Flyovers, Skyways, Vertical Villages, Metro rails, canal based transportation system and much more. The city is completely under video surveillance and everything is managed in the city automatically by Make in India Robots. However, on the flip side, India is also ranked number one in terms of pollution and crime all over the world. The PPM level of the air is double the normal required level despite the government efforts of installing large air purifiers on every 5 sq kms of the city.  T
Read more

I still shiver

-
Image
I work in one of the leading banks of India and major part of my work is either done on laptop or in meetings which means I stay indoors all the time of the day. But 9 hours of sitting job in a cubicle including 30 minutes of lunch was not the thing for me. No one in my office had time to talk to each other or share anything. Work work and work was the motto of our office lives and you can’t expect much from people living in a city like Gurgaon.  Months went by and my patience to deal with this routine was getting over. Sometimes I used to daydream about traveling and roaming around without any work or any mental pressure. One day I was writing an email when suddenly Sunit barged into my cubicle and without saying a Hi or a Hello directly asked me “dude! You wanna drive uphill??" I reacted with a big surprise, what????... “I am totally bored of this routine and as the summer season is here, let’s go to some nearby hill station and relax for a few days. Puneet is
Read more

Best way to dispense water from 20L bottle | India 2020

-
Image
PSYCHE Electric Water Dispenser is not doubt the best water dispenser available online. Before i tell you why it is let me give you a little brief why we need a water dispenser. Water! the most important thing we need to live. But are we drinking safe water. Due to rising pollution and poor pipeline infrastructure of our water system, many of us are dependent on 20L water bottle from companies like Bisleri, Aquafina, Kinley and many others. My preference is Bisleri coz i like the taste of Bisleri water the best among all the other companies. Its very easy to purchase 20L water bottles now throughtout the country but problem arises when we have to empty them in our bottles or directly glasses. Voila! Need is the mother of the invention. Considering the need, some good people have developed an automatic water dispenser which directly mounts in every 20 L water bottle and pumps water on a click. I will not write much but will just write some advantages of  PSYCHE Electric Water Dispenser
Read more