Go Back   Team-BHP > Around the Corner > Shifting gears


Reply
 
Thread Tools Search this Thread
Old 30th November 2010, 20:28   #31
BHPian
 
SPARKled's Avatar
 
Join Date: Aug 2009
Location: Navi Mumbai
Posts: 915
Thanked: 283 Times
Default

Only fuel vouchers and nothing else. Sometime an occasional food or beverage voucher may change this trend.
SPARKled is offline   Reply With Quote
Old 2nd December 2010, 23:50   #32
BHPian
 
Jaguar's Avatar
 
Join Date: May 2006
Location: Bangalore
Posts: 555
Thanked: 141 Times
Default

Quote:
Originally Posted by quadra View Post
The thing with booking your tickets via miles is that you need to book well in advance. I had few points to convert and hence called up the flight cc. They told that for every flight, there is a limited %age of seats which can be booked via miles & looks like the %age is in single digit. Seats were not even available for next week from the date which i wanted the tickets for. So be careful folks.
Does the air miles pay for just the base fare or the full amount (including taxes)? I recently converted my HDFC Platinum card rewards to King Miles.
Jaguar is online now   Reply With Quote
Old 3rd December 2010, 08:57   #33
BHPian
 
Join Date: Oct 2005
Location: @ Driver's Seat @
Posts: 679
Thanked: 57 Times
Default

Quote:
Originally Posted by Jaguar View Post
Does the air miles pay for just the base fare or the full amount (including taxes)? I recently converted my HDFC Platinum card rewards to King Miles.
Air miles pay for the full fare. However there does exist some nominal charges to be paid.

Couple of months back, booked a flight for a t-bhpian using my miles from MUM-DEL. Paid only 1000 odd INR i believe.

Hope this helps
lambuhere1 is offline   Reply With Quote
Old 7th December 2010, 01:07   #34
BHPian
 
quadra's Avatar
 
Join Date: Sep 2006
Location: Blore
Posts: 543
Thanked: 52 Times
Default

True, i was checking the tickets the other day & you only need to pay a very nominal fee apart from miles. But call up the customer service first and ask if the tickets are available to be booked via miles. Works well if you are flexible with the date of travel.
quadra is offline   Reply With Quote
Old 12th December 2010, 18:50   #35
Senior - BHPian
 
Join Date: Aug 2010
Location: Delhi
Posts: 2,096
Thanked: 978 Times
Default Re: Credit Card Points, what do you redeem them for

I have an Amex IA card for last seven years. I accumulated a lot of points at one time and had a 10 day trip to Phuket and Bangkok. 2 x Business class fares + 10 days in hotel, all from points! The only outgo was the Government Taxes on free ticket. It was something to the tune of 3K per ticket.

I got an ICICI card when I put some money in their FD three years ago. I have accumulated a lot of points on card, but have yet to redeem them.

One good thing about Amex is that there is minimum fraud compared to Visa or MasterCard, especially in South East, so it is safe to carry. In case of loss of card you get a replacement fast and are insured against its use by third party.
Aroy is offline   Reply With Quote
Old 12th December 2010, 18:53   #36
Senior - BHPian
 
shankar.balan's Avatar
 
Join Date: Apr 2008
Location: BLR
Posts: 8,053
Thanked: 5,304 Times
Default Re: Credit Card Points, what do you redeem them for

best gift available for redemption in my opinion is free fuel vouchers!
shankar.balan is offline   Reply With Quote
Old 14th December 2010, 15:47   #37
Team-BHP Support
 
mobike008's Avatar
 
Join Date: Sep 2006
Location: Hyderabad
Posts: 10,515
Thanked: 7,189 Times
Default Re: Credit Card Points, what do you redeem them for

To my utter shock, I just realized that i never redeemed points from my credit cards till date with a spend of roughly Rs.30,000 per month on my cards

Will try to understand sometime over this weekend, what's my total redeemable points and what i can get for them
mobike008 is offline   Reply With Quote
Old 10th January 2011, 13:58   #38
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 4,924
Thanked: 1,912 Times
Angry Re: Credit Card Points, what do you redeem them for

I have a Stanchart Platinum rewards credit card and till date accumulated some 6000 odd points and was planning to redeem them. However the rewards catalogue has put me off. The points required to redeem for even one Shopper stop voucher of 500/- is way too high - 990 to be exact. Even a Fame Adlabs voucher of Rs 50 requires around 150 points. Whats the logic behind these exorbitantly priced rewards?

Also would like to know - is it possible to transfer the points from one card to another card of different company? Something similar to balance transfer.
ghodlur is offline   Reply With Quote
Old 10th January 2011, 14:06   #39
Team-BHP Support
 
benbsb29's Avatar
 
Join Date: Nov 2006
Location: Brisbane
Posts: 7,971
Thanked: 3,387 Times
Default Re: Credit Card Points, what do you redeem them for

Quote:
Originally Posted by ghodlur View Post
I have a Stanchart Platinum rewards credit card and till date accumulated some 6000 odd points and was planning to redeem them. However the rewards catalogue has put me off. The points required to redeem for even one Shopper stop voucher of 500/- is way too high - 990 to be exact. Even a Fame Adlabs voucher of Rs 50 requires around 150 points. Whats the logic behind these exorbitantly priced rewards?
I went through the same frustration when trying to claim the reward points from my SCB card. Then i remembered the proverb, "Never look a gift horse in the mouth". The selection process became a lot more easier after that.

I redeemed my points for Hi-Design gift vouchers (for my wife) as well as movie tickets from Fame.
benbsb29 is online now   Reply With Quote
Old 10th January 2011, 14:42   #40
Senior - BHPian
 
Fordmanchau's Avatar
 
Join Date: Jul 2009
Location: Hyderabad
Posts: 1,663
Thanked: 291 Times
Default Re: Credit Card Points, what do you redeem them for

Quote:
Originally Posted by shankar.balan View Post
best gift available for redemption in my opinion is free fuel vouchers!
+1 to this. I have redeemed 3000 points for fuel (1 point = 1 rs) from my Indian oil citibank Titanium card. That's the best value on offer and that's why I tank up only from IOC pumps which gives 4 points for every 150 rs spent. Have accumulated another 1500 points on the card.
Have around 3400 point on ICICI platinum card, another 2500 on gold card and another 2500 on HDFC gold card, but the rewards catalogue is not inspiring. Will wait and accumulate more points and then cash in may be.
Fordmanchau is offline   Reply With Quote
Old 10th January 2011, 17:18   #41
Senior - BHPian
 
Join Date: Aug 2010
Location: Delhi
Posts: 2,096
Thanked: 978 Times
Default Re: Credit Card Points, what do you redeem them for

Quote:
Originally Posted by ghodlur View Post
I have a Stanchart Platinum rewards credit card and till date accumulated some 6000 odd points and was planning to redeem them. However the rewards catalogue has put me off. The points required to redeem for even one Shopper stop voucher of 500/- is way too high - 990 to be exact. Even a Fame Adlabs voucher of Rs 50 requires around 150 points. Whats the logic behind these exorbitantly priced rewards?

Also would like to know - is it possible to transfer the points from one card to another card of different company? Something similar to balance transfer.
Take it philosophically. Had you bought with cash you would not have had the points! Make the best of the offers and get what you can.

I do not think that points are transferable across banks, though they are on different cards within a bank, of course with some reservations and conditions.

The logic behind the exorbitantly priced rewards is simple - take it leave it. On a more serious note the bank takes around a percentage from the merchant, as well as absorb delayed payments. Hence expect them to give you around 1/4% to 1/2% on your purchase. So if you get a point for every Rs.100 spent, your reward should be 25 to 50 paisa per point, and that is what it is most of the time.
Aroy is offline   Reply With Quote
Old 13th January 2011, 14:04   #42
Senior - BHPian
 
tsk13's Avatar
 
Join Date: Jan 2009
Location: New Delhi
Posts: 1,233
Thanked: 277 Times
Default Re: Credit Card Points, what do you redeem them for

Guys, I seek your help. Lately, I've been forced to buy over the internet and being a Debit-Card holder has its disadvantages when the same cannot be used a Credit Card is required. I require it for once in a bluemoon purchases over the internet and as per the best information I could gather, I need a 'Free for Lifetime' card. I've been asked to go for Citi or HDFC or Manhattan (due to good Customer support) and though I have a Savings Account with SBI, I've been advised against their cards.

Guys, in the context of my prospective purchase pattern and the parameters mentioned above please suggest me a good Credit Card.
tsk13 is offline   Reply With Quote
Old 13th January 2011, 14:17   #43
BHPian
 
rohan_iitr's Avatar
 
Join Date: Feb 2009
Location: Bangalore
Posts: 992
Thanked: 401 Times
Default Re: Credit Card Points, what do you redeem them for

Quote:
Originally Posted by tsk13 View Post
Guys, I seek your help. Lately, I've been forced to buy over the internet and being a Debit-Card holder has its disadvantages when the same cannot be used a Credit Card is required. I require it for once in a bluemoon purchases over the internet and as per the best information I could gather, I need a 'Free for Lifetime' card. I've been asked to go for Citi or HDFC or Manhattan (due to good Customer support) and though I have a Savings Account with SBI, I've been advised against their cards.

Guys, in the context of my prospective purchase pattern and the parameters mentioned above please suggest me a good Credit Card.
This thread is about redeeming credit card points.

There is another thread on credit card issues, please search for it. Go through that thread to get an idea of which cards to avoid.

I would suggest HDFC bank platinum credit card. It is a lifetime free card and provides fuel surcharge waiver on ANY brand fuel pump on ANY bank chargeslip.

Rohan
rohan_iitr is offline   Reply With Quote
Old 13th January 2011, 14:33   #44
Senior - BHPian
 
Gansan's Avatar
 
Join Date: May 2009
Location: Chennai
Posts: 3,417
Thanked: 860 Times
Default Re: Credit Card Points, what do you redeem them for

Quote:
Originally Posted by Aroy View Post
Take it philosophically. Had you bought with cash you would not have had the points! Make the best of the offers and get what you can.
I have seen that generally one point = Re 0.50 in case of cards that offer two or more points for every Rs 125.00 or Rs 150.00 spent. eg: HDFC Bank card. Even here the redemption value will differ according to silver/Gold/Platinum.

In case of cards that offer only one point for every Rs 150.00 or so spent, one point normally represents Re 1.00 at the time of redemption. eg: Citibank.

For example on my HDFC Bank Visa Signature Platinum card, for redeeming one Reebok coupon worth Rs 500, I have to surrender ~ 950 points.

For the same coupon on my Citibank Mastercard Platinum, I have to surrender only 500 points. This bank has an even better scheme; instead of redeeming from a rewards catalogue, I can buy whatever I want at a shop and adjust the points for money before the payment due date. Naturally I use my Citi card a lot more than my HFDC card!
Gansan is offline   Reply With Quote
Old 13th January 2011, 15:24   #45
Team-BHP Support
 
tsk1979's Avatar
 
Join Date: Feb 2005
Location: New Delhi
Posts: 22,850
Thanked: 15,406 Times
Default Re: Credit Card Points, what do you redeem them for

I have a HDFC Bank card. Can I register it on imint?
Is that all I need to do?
tsk1979 is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Credit Card Purchase Surcharge 1.5% (and a discussion on TIPS) sam003 Shifting gears 114 6th February 2013 12:28
Online Credit Card Scam...Pls help!! crn12 Shifting gears 20 21st January 2013 16:06
Paintings: Overrated, or do you appreciate them? How much would you pay for them? e1t1bet Shifting gears 17 24th March 2010 14:35
Scary News : Network Solutions loses Credit Card information emkay456 Shifting gears 0 28th July 2009 14:01
Credit card menace kutlee Shifting gears 39 17th August 2007 18:59


All times are GMT +5.5. The time now is 05:04.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks