With a ₹60,000 monthly income, I’m considering getting a premium credit card like HDFC Regalia , Axis Magnus , or ICICI Sapphiro . Are the annual fees and benefits worth it for someone in this income bracket? Or should I stick with mid-range cards that offer good perks at a lower cost?
HDFC Regalia-
• Rewards-
You will get 12 complimentary airport lounge accesses within India and 6 abroad.
10,000 Reward Points on achieving spends of ₹5 lakhs in an anniversary year. Plus, get an extra 5,000 Reward Points when your spending hits ₹8 lakhs.
You will earn 4 Reward Points on every ₹150 spent on all retail transactions.
• Charges-
Joining/renewal fee of Rs. 2,500 plus applicable taxes.
Axis Magnus-
• Minimum annual salary or Annual Income Tax Return(ITR) filed required to apply for Axis Magnus is Rs. 24 lakhs.
ICICI Sapphiro Credit Card-
• Minimum monthly income required for ICICI Sapphiro Credit Card is of ₹75,000 and self employed with annual income of of ₹9,00,000.
Rewards-
• You can earn 4 points for international transaction, 2 points for domestic transaction and 1 point for utility transaction for Rs. 100 spent (4%, 2%, 1% cash backs on inter Rs.100 spent)
Fees-
• Joining fee is Rs. 6500 and Annual Fee Rs. 3500.