I spend over 2.5 lakhs per month (INR 30L Per Annum). Which credit card should I opt for?

Credit Cards
1

I usually spend heavily on my credit cards, upwards of INR 2.5 lakhs per month. Right now, I have Axis Magnus Burgundy and Axis Bank select. Both the cards are LTF variants as I hold my salary account with Axis Bank. Also, I have Regalia Gold, HDFC Swiggy and Tata NeuCard. I have closed Axis flipkart card a while ago.

My major spends are on my Axis Magnus card. On all the hdfc cards combined i spent close to 3L in the last year, 15.6L on Magnus (renewal in may and I’m renewing it) and will probably spend another lakh or two by the renewal date cause of mandatory spends at the end of this month, 50k on select (primarily got it for golf rounds), 9.5L on flipkart axis card before i got to know about the Magnus and airline/hotel points etc and closed it right after Magnus was delivered. Spent about 1L on one card( i know it’s dumb)!

Almost all my spends, i.e. more than 80% of it is on shopping, dining out and travel!

I’m a self employed person and can’t get any amex cards because of their weird address proof policy. I do not have an address proof from the city that I reside in. I thought of applying for Infinia, but can’t let 30L in capital rot in a FD cause i can get much better returns by deploying that capital into my business (still expanding). Tried getting the new axis Olympus card ( ex Citi prestige), but had no luck cause the applications aren’t open for this card yet and they don’t have any idea on when they’ll start taking applications in.

Any other card recommendations? and i don’t mind paying hefty annual fee if i can get value out of it and i value points more than cashback…

2

Apart from the cards you have, you can go for -
1.)SBI Prime Credit Card-
Joining and annual fees- ₹3,000 per year(which you will easily)
It will be waived off if you spend ₹3 lakh in a year.

  • For all your regular expenses, you get 2 reward points per ₹100 that you spend.
  • You earn 15 reward points for Rs.100 spent at Big Basket and 10 points spent Rs.100 on dining, groceries, departmental stores, and movies.
  • You can get Pizza Hut e-Voucher worth Rs. 1,000 on spending of Rs. 50,000 in a calendar quarter
  • You can get E-Gift Voucher worth Rs. 7,000 from Yatra.com/Pantaloons on spending of Rs. 5 Lakhs annually .

2.) Citibank Cashback credit card-
Joining and annual fees- ₹500.

  • You can get 5% cashbacks for the amount that you spend on telephone, movie tickets, and other utility payments.
  • For all other spends, you get 0.5% cashback.
  • Citibank has a tie-up with several restaurants where you get a discount of 15%.

3.) Axis Bank Platinum Credit Card-

  • Get a 2.5% fuel surcharge waiver on transactions ranging from ₹400 to ₹4,000 when you use your credit card at petrol pumps nationwide.
  • Benefit from zero liability protection in case your credit card is lost or stolen, ensuring peace of mind.
  • Receive 100 reward points upon the issuance of an add-on card to your account.
  • Apply for a supplementary card for your spouse, parents, siblings, or children and enjoy the same perks and privileges every time they make a purchase.