Best Super Premium Credit Cards in India

Best Super Premium Credit Cards in India

Best super premium credit cards in India for 2019 and 2020. Detailed review of top 9 super premium credit cards along with fees, eligibility and rewards More »

NiYO Global: Best forex card currently in India

NiYO Global: Best forex card currently in India

Detailed review of NiYO Global forex card More »

 

New SBI Landmark credit cards launched

SBI Landmark Cards snapshot

SBI Card in the runup to its IPO has launched new co-branded credit cards with Landmark group. While SBI Card and Landmark has launched 9 credit cards in all, actually they are just 3 cards (Prime, Select and Base variant). What SBI and Landmark have done is launched 3 credit cards under each of their brands Lifestyle Home Centre, Max and Spar. Landmark group owns the Lifestyle, Home Centre, Max and Spar brands in India. The features and offers on the cards are all the same for a given variant. Let’s have a look at these cards variant wise.

Forex Cards: Niyo Global vs Other Forex Cards

Forex Cards

Recently, a friend asked me about the best forex cards available in the market. Although I was sure that Niyo Global is the best forex card but just to convince him I did a data comparison on forex cards of major Indian banks.

While the concept of forex cards is simple and straightforward. Their only benefit is the ability to lock the exchange rate. However, banks seem to be making money at every step in this very simple product.

Amex SmartEarn Credit Card Review

Amex SmartEarn credit card is an entry-level offering from American Express, it comes with low annual fees and low annual spend threshold for fee waiver. This card is primarily targeted towards the masses, who want to own a American Express credit card, but don’t want to pay high annual fees or don’t want to spend a lot using credit cards. Here is everything you need to know about the card.

IRCTC SBI Credit Cards – Review

SBI IRCTC credit cards

SBI Card seems to be on a product-launching spree, thanks to the upcoming IPO. They have now launched IRCTC SBI Premier credit card. This new credit card along with IRCTC SBI Platinum credit card are probably the only credit cards in India targeting frequent travelers of Indian Railways.

If one recalls, SBI had recently launched two co-branded credit cards, SBI Club Vistara Prime and SBI Club Vistara, in partnership with Air Vistara.

Pay house rent via credit cards- RedGiraffe vs NoBroker

Nowadays one can swipe credit cards for literally everything. However, are you aware that one can pay house rent via credit cards too? Well, there are multiple options available that allows one to make house rent payment via credit cards.

Benefits of paying house rent via credit cards

  • The obvious benefit of using credit cards for house rent payment is reward points. Let’s just assume that the credit card gives 1.5% reward rate and rent payment is 25,000/month. Thus the net reward earned would ~1% on the rent paid (adjusting for charges of service providers), which would be worth 3,000 (25000*12*1%) in one year. In case someone pays higher rent, the value would be higher.
  • Further, not to forget the credit-free period. Assuming saving account interest rate of 4%,  for an average 30 days credit-free period, one earns an extra 0.3% interest.
  • Higher annual spending on credit card helps one to achieve annual spending limit to get an annual fee waiver or additional benefits (as in the case of HDFC’s Dinersclub cards or Amex Platinum Travel Card)
  • Another aspect is that this helps in improving one’s credit score. Higher monthly bills and regular payments are seen positively by credit bureaus.