Paisa Plus

Questions about Credit Cards in India? Tag @PaisaPlus! Making Credit Cards simple & easy for you. Tips to maximize savings, minimize stress.

[Paisa Plus @PaisaPlus]

Credit Cards can be intimidating.
What if I skip a payment?
What if it makes me spend more?

But they’re also mighty useful!
Credit Cards are not ‘bad debt’ but can be a good start to learning about debt while saving money & having a little bit of fun. Here’s why 🧵

[Paisa Plus @PaisaPlus]

@francgirbould11 You have to show your QR to the staff, but since you can skip the entire ‘check-in’ process - you could just walk in skipping the line. But this might be tricky since it’s still very uncommon.

[Paisa Plus @PaisaPlus]

How do you skip long lines at the Encalm T3 domestic lounge at New Delhi?

1️⃣ Sign up with Mobile
2️⃣ Add card to your account
3️⃣ Unlock access that gives your single use QR
4️⃣ Just walk in!

Dreamfolks Webaccess:
https://t.co/36hgTKjj1n

For more smart travel tips, follow ;)

[Paisa Plus @PaisaPlus]

Works across all dreamfolks linked lounges, not just T3 - but T3 is such a pain all the time 🫡

[Paisa Plus @PaisaPlus]

How can you earn points/ cashback when paying your bills?

➡️ Buy Amazon Pay vouchers on HDFC SmartBuy/ Axis GiftEdge portal
➡️ Load the vouchers to your Amazon account
➡️ Use Amazon Pay to pay your bills

Reward multipliers vary based on your card. Any questions? Ask 👇

[Paisa Plus @PaisaPlus]

@sumeet_srj Here’s the detailed T&C. Insurance payments perhaps come under Utilities (therefore 1% and not 5%) - but ask SBI Cards once to check this as well.

[Paisa Plus @PaisaPlus]

@rbrsarma Yes, and most people do that. What this post talks about is helping folks who are not getting a card because of these worries to look at the entire spectrum of options.

[Paisa Plus @PaisaPlus]

One of the biggest concerns of people for getting a credit card is - what if I skip a payment?

Credit card bills can seem like yet another date to keep track of, and if forgotten lead to higher bills and impact the credit score. 🤐

Here’s how to ensure it never happens ⬇️

[Paisa Plus @PaisaPlus]

Decide your strategy based on what’s most comfortable for you!

3️⃣ can seem contrary to the idea of ‘credit cards’ - but our idea of cards is not ‘credit cards’ but ‘reward cards’ 🎉

[Paisa Plus @PaisaPlus]

3️⃣ To go one step further, you can pay your credit card bills even when there is nothing due - think of it as adding balance to your credit card. And then spending that balance, where your statement is always a negative amount because the card owes you!

[Paisa Plus @PaisaPlus]

@darshil1504 @CardMavenIn @cardinsider @creditcardz_in Have they discontinued this?

[Paisa Plus @PaisaPlus]

@SLegend77 For buying products on Amazon or paying utility bills? Axis cards with points transfer option make it lucrative to buy vouchers. Benefit for Myzone/ Ace is limited.

Using Amazon Card on Amazon may be best option if that gives you a sweet 5% cashback.

[Paisa Plus @PaisaPlus]

How can you earn points/ cashback when paying your bills?

➡️ Buy Amazon vouchers on HDFC SmartBuy/ Axis GiftEdge portal
➡️ Load the vouchers to your Amazon account
➡️ Use Amazon Pay to pay your bills

Reward multipliers vary based on your card. Any questions? Ask 👇

[Paisa Plus @PaisaPlus]

@iSatendraSharma @2021Kashif @CardMavenIn @tata_neu 🎉

[Paisa Plus @PaisaPlus]

@20Sonu22 @AbhiChtrj @TechnoFino @CardMavenIn @creditcardz_in @cardinsider @ChargePlate_in SBI Cashback is a better alternative, flat 5% regardless of merchant!

[Paisa Plus @PaisaPlus]

@drsagar2083 @AbhiChtrj @TechnoFino @CardMavenIn @creditcardz_in @cardinsider @ChargePlate_in This was notified earlier, does not include premium Axis cards such as Magnus.

[Paisa Plus @PaisaPlus]

@AbhiChtrj @TechnoFino @CardMavenIn @creditcardz_in @cardinsider @ChargePlate_in *everyone bracing for Magnus devaluation*

[Paisa Plus @PaisaPlus]

@AbhiChtrj @TechnoFino @CardMavenIn @creditcardz_in @cardinsider @ChargePlate_in *everyone bracing for Magnus devaluation*

[Paisa Plus @PaisaPlus]

@MintDental_Lko However, you’re limited to 10k worth Amazon vouchers a month on the Axis Gift Edge portal.

[Paisa Plus @PaisaPlus]

@MintDental_Lko Yes!
Axis Magnus base reward rate for airlmiles/ points transfer is 4.8%. With a 3x multiplier for Amazon vouchers, your reward rate is 14.4%. Plus it helps you get slightly closer to the monthly milestone!