Do Baniye

Get upto 40% bonus Club Vistara points!

👉CV Points transferred | Bonus
5K to 50K : 15%
50K to 1L : 25%
More than 1L : 40%

👉Only valid on 1st transaction from each partner

👉Offer period: 20 Feb to 31 March 2024

👉Bonus Credit date: 31 May 2024

👉Registration compulsory: airvistara.com/in/en/club-vis…

👉Eligible Transfer partners:
🔸HDFC Bank 1:1, 2:1
🔸American Express 3:1
🔸IndusInd Bank 1:1, 2:1
🔸Yes Bank 4:1, 10:1
🔸SCB UAE 5:1, 1:12
🔸Club ITC 3:2
🔸AU Bank 1:1, 4:1
🔸SBI AURUM 4:1
🔸HSBC Bank 1:1, 2:1
🔸Fi Money 40:1

‼️Axis is not eligible this time‼️

How can you use 1L CV points?
🔹1 Business Class ticket from Delhi to Bali
🔹3 round trips in Economy Class between Delhi and Hong Kong
🔹3 Economy Class tickets from Mumbai to Paris
🔹2 round trips in Premium Economy between Mumbai and Doha
🔹7 upgrades from Economy to Business Class on the Mumbai-Delhi route

Eazydiner and IndusIndBank have come out with a new Life Time Free(LTF) variant of their credit card: Platinum

Why do we still prefer Signature variant with ₹2K annual fees?

👉Two Complimentary movie tickets every month worth ₹200 each on
Bookmyshow

🔸We value this benefit at least @ ₹2.4K> Annual fees
(2 people * ₹200 * 12 months/2^)
^For BOGO offers

👉Everything else is just a bonus:
🔸25% off instead of 20%
🔸Upto ₹1000 instead of ₹500
🔸Unlimited times instead of 3 per month
🔸Complimentary alcoholic beverages at select restaurants
🔸1 year Eazydiner membership instead of 3 months

Link in bio for applying for these credit cards.

What’s your preference?

TIL: There is a Gyftr website which allows payment through Amazon pay and also has gift card which smartbuy gyftr doesn’t have like decathlon!

14% reward points are through Amazon pay gift card on infinia credit card and 2% discount on gyftr.com on Decathlon Gift card!

🚨2 new SGB series have been announced!🚨

👉2023-24 Series 3

🔷Subscription: 18-22 Dec

🔷Issuance: 28 Dec

👉2023-24 Series 4

🔷Subscription: 12-16 Feb 2024

🔷Issuance: 21 Feb 2024

🚨RBI has announced 2 major changes in UPI🚨

👉Transaction limit increased from ₹1L to ₹5L

🔷Only for payments to hospitals and educational institutions

👉Transaction limit increased from ₹15K to ₹1L for recurring payments

🔷Like Credit card payments, Mutual fund subscriptions, Insurance premium payment

👉 Repo rate remains unchanged at 6.5%

🔷Last rate increase was in February, starting from May 2022

👉 Real GDP growth for FY23-24 is projected at 7%

👉 Inflation projected to be 5.6% for Oct-Dec Quarter and 5.2% for Jan-March Quarter.

What are your views on these announcements?

Great service by ! Delivered foreign currency at home within 1 day with best rates!

If you want to use this service, use this link: bookmyforex.com/?u=SANKW0Dgux7

TIL: We can cancel or reschedule any flight for a travel date >7days away, within 24 hours of booking!

Can be a very useful feature!!

Axis to ITC bonus

Why we closed our Axis Vistara Infinite Credit card?

How can we use our Marriott Bonvoy points?

New Marriott 30% bonus offer

Warm Diwali wishes from and aka Do Baniye 🪔🥂

🚨Be sure to tap no on the POS machine after pin while using Amex cards.

Today we were using our Plat Travel in WESTSIDE and got this mail. Got to know from Amex customer care that point redemption was selected after PIN. Be aware! 🚨

How do we get 1.5% back on our UPI spends?

We use HDFC Tata Neu Infinity 💳 for this.

👉 1.5% back as NeuCoins for spends including UPI

👉 5% back as NeuCoins on Tata Neu and partner Tata brands

👉 1 NeuCoin = ₹1 on Tata Neu app

How do we get ~9-10.5% interest on our investment?

We use Mint.

They have 3 plans now:

👉Flexi Plan
9%, no lock-in

New lock-in plans:

👉Growth Plan
10%, 1 year lock-in

👉Prime Plan
10.5%, 2 year lock-in

Read on for: Business model, Risks, taxation, etc.

How does CRED make money from this?

👉Money is lent to other people.

👉>12.5% IRR

👉CRED earns the difference

What are the risks involved?

Borrowers default.

Can we withdraw our money early from lock-in plans?

Yes, but rate of return drops to ~7%.

How CRED manages the default risk?

Diversified across 100+ borrowers

Legally binding loan agreements

Strict Borrowers criteria:

👉>700 CIBIL score

👉>25K monthly income

👉 >12.5% IRR

👉21-60 years age group

👉Not new to credit

👉80% own a credit card

What does CRED do in case of default?

👉Legal collection mechanism

👉no income till we get our returns

Perfect record for 2 years 8 months now.

What about taxation?

Interest income is added to your normal income and must be paid at your tax slab.

Mint makes sense in our investment portfolio.

Have been investing in it for almost 2 years now.

Do your own research before investing!

Let us know if you have any questions!

How are we increasing our return on ₹4,00,000 spends on our Platinum Travel 💳 from ~8.5% to ~11%?

👉 New United offer for 30% bonus miles

👉 Registration compulsory

👉 Offer ends 31st Oct

👉 Up to 25,000 bonus miles

What’s the value from transferring Marriot points to United?

👉Base ratio is 3:1

👉 10K bonus on 60K points transfer

👉 2:1 for batches of 60K points

👉 2:1.3 with 30% bonus miles offer

Why United miles program?

👉United miles never expire!

👉 Star Alliance member

👉 Less taxes

👉Good for Europe and US international flights

👉Can book Domestic Vistara flights too

How to register for the offer?

👉 If it makes sense for you, register for the offer.

👉 Make sure to transfer in chunks of 60K Marriot points!

👉Offer ends: 31st October 2023

👉Bonus miles credited by 31st Jan 2024

👉Max Bonus miles: 25,000

Link in bio if you want to register for this offer or apply for Amex cards!

How do we get 16% + 65% + 16% discount on our Youtube Premium and Google One Subscriptions?

👉 YT Premium offers ad-free videos, background play, YT music and more premium features!

👉 Google One plans offer 100GB to 5TB storage, Google Photos Editing and more premium features!

👉 YT premium @ 139/- pm
Annual plan @ 1290/- pa
(Saving 22.7%)

👉 Google One @ 130-1,625/- pm
Annual plan @ 1,300-16,250/- pa
(Saving 16.7%)

How do we save more on YT Premium and Google One subscriptions?

👉 YT Premium for family @ 189/- pm for 5 members
(Saving up to 65%)

👉 Google One shared with the same 5 members
(Saving up to 80%)

Setup a Google Family group to share these subscriptions: families.google/families/

How do we save even more on YT Premium and Google One subscriptions?

👉 Load Amazon Pay wallet with Gift Card
(Saving upto 16.5% reward points on Credit Cards like Infinia)

👉 Buy Google Play Recharge Code to pay using Amazon Pay wallet

👉 Bill YT Premium and Google One with Google Play balance

Max savings on YT Premium: 22.7% + 65% + 16.5%

Max savings on Google One: 16.7% + 80% +16.5%

How do we get 16.5% return on accelerated spends?

We use HDFC Infinia 💳 for this.

👉 5 Reward Points (RPs) for every ₹150(3.3%)

👉 3x-10x on Smartbuy Portal (9.9-33%)

👉 1 RP ~ ₹1

👉 Easy Redemption via:
🔸Smartbuy ✈️🏨
🔸 Miles Transfer ✈️🏨
🔸 Apple Products 📱💻
🔸 Tanishq Vouchers 💍🪙

What is Smartbuy?

HDFC Bank's portal for accelerated rewards on specific spends.

Example:
Smartbuy offers 10x (33.3%) RPs for hotel bookings using Infinia.

Infinia Smartbuy Link in Bio

Who are the Smartbuy partners?

Smartbuy has multiple partners giving accelerated rewards:

10x(33.3%) -> Smartbuy Hotels, IGP, Jockey

5x(16.5%) -> Smartbuy Flights, Gyftr Gift Cards, Apple Imagine, RedBus, Nykaa, Zoomcar

3x(9.9%) -> IRCTC, Flipkart
(Hack to get 5x later in the thread)

Make sure to open these partner websites from Smartbuy to get these rewards.

Where do we find the best value?

Gyftr Gift Cards is a 5x(16.5%) partner.

Some of the brand Gift cards we have used:
🔸Amazon Pay/ Amazon Shopping Voucher
🔸Flipkart
🔸Swiggy
🔸Zomato
🔸Croma
🔸Reliance Digital
🔸Bata
🔸PVR
🔸Decathlon

What's the hack to get 5x on 3x partners?

🔸Flipkart Gift Card(GC)
🔸Train tickets on Amazon

What are our favorite Gift Cards?

👉Amazon Pay and Amazon Shopping Vouchers(ASV)
🔸Amazon Pay can be used for multiple partners like Trains, Dominos, Jio, Licious, shopping on Amazon
🔸ASV can get other vouchers like Lifestyle, Home Center, Shoppers Stop

15K Calendar Month cap on accelerated rewards

How can we get ~6% return on the next ₹15,00,000 spends after using Amex Platinum Travel for the first ₹4,00,000 to get ~8%?

We can use Axis Atlas 💳 for this.

We get 2 Edge Miles(EM) for every ₹100 spend.

We can convert 1 EM to 2 points in various airlines and hotels.

This gives ~₹60,000 rewards on ₹15,00,000 spends.

Axis Atlas 💳 has 3 milestones.

🎯 1st -> ₹3L -> 2.5K EM -> 5.67% reward rate

🎯 2nd -> ₹7.5L -> 5K EM -> 6% reward rate

🎯 3rd -> ₹15L -> 10K EM -> 6.33% reward rate

Axis Atlas 💳 gives ~10% return on every 🏨Hotel/ ✈️airline spend:

₹100 -> 5 EM Hotel/airline spend (~10% return)

₹100 -> 5 EM Axis Travel Edge Portal (~10% return)

This increases base return for these spends from ~4% to ~10%.

Axis Atlas 💳 EM have multiple transfer partners:

🏨Hotels: Accor, ITC, Marriot, IHG, Wyndham
✈️Airlines: Air Vistara, United, Air France-KLM, etc

Out of these, Accor gives the best EM value of ~₹3.6 on its website.

Axis Atlas 💳 annual fee:

Joining fee: ₹5K + GST
Welcome benefit: 5K EM valued at ₹10K

Renewal fee: ₹5K +GST
Renewal benefit:
2.5K EM -> ₹5K (Silver)
5K EM -> ₹10K (Gold)
10K EM -> ₹20K (Platinum)

How do we get 10% cashback on all transactions on Swiggy?

We use HDFC Swiggy Credit Card to get direct 10% cashback into Swiggy money for all transactions over and above other discounts on Swiggy Food, Dineout, InstaMart and Genie upto ₹1,500 per month.

We also get 5% cashback on online spends on this card upto ₹1,500 per month except on Flights, Hotel Bookings, etc.

We also get 1% cashback for other transactions on this card upto ₹500 per month except on Rent, Utilities, Fuel, Insurance, EMI, Jewellery, Govt spends and Wallet loads.

List of other benefits of this card:

👉12 free Golf lessons per year ⛳️
👉3 months Swiggy One Membership when you join

Joining Fees: ₹500

Renewal Fees: ₹500 (waived-off for spends of over ₹2,00,00 in an year)

How do we get 8% return on ₹4,00,000 spends on our American Express Platinum Travel Credit Card?

We get 1 Membership Reward(MR) point for every ₹50 spent.

We can convert 1 MR to 1 Marriot Bonvoy(MB) point.

General value of 1 MB ~ ₹0.50.

This gives ₹4,000 rewards on ₹4,00,000 spends.

Platinum Travel Credit Card has 2 milestones.

🎯For the first milestone spend of ₹1,90,000, we get 15,000 MR along with normal reward points of 3,800 MRs

So, we get a total of 18,800 MRs for a reward rate of 4.94% on this spend.

🎯 On reaching the second milestone spend of ₹4,00,000, we get 25,000 MRs, a ₹10,000 Taj Stay Voucher along with normal reward points of 4,200 MRs.

So we get a total of 48,000 MRs and ₹10,000 Taj Stay Voucher for a reward rate of 8.5% on this entire spend.

As we get ~8.5% reward rate, we put our first ₹4,00,000 spends on this

Platinum Travel Credit Card.

Joining Fees is ₹3,500 + GST.

Annual Fees is ₹5,000 + GST.

But Amex is offering this card free for first year for a limited period of time with 2,000 MR on first ₹5,000 spend along with special playing cards.

If interested in applying for this card, referral link is in the bio.

Frequently used financial terms:

Term 3: Absolute Returns

Absolute Returns = How much percentage gain/loss you've made on your investment.

Absolute Returns (%)= (Final value - Initial value)*100/Initial value.

Term 4: CAGR (Compounded Annual Growth Rate)

CAGR = How much average annual percentage gain/loss you've made on your investment.

CAGR(%) = (Final value/Initial value)^(1/n)-1
where n is the number of years.

Term 5: XIRR (eXtended Internal Rate of Return)

XIRR = Single rate of return that provides the current value of the entire investment when applied to each transaction during a period.

XIRR doesn't have a straightforward formula but you can use an online calculator.

When to use these rates of return?

Absolute return is mostly used when time horizon is less than 1 year.

CAGR is mostly used for one time investments.

XIRR is mostly used for multiple investments like SIPs.

Let us know if you have any doubts on this topic.

How do we save ₹9K annually?

We use our HDFC Platinum Debit Card to settle our Credit Card expenses, earning a 1% cashback of up to ₹750 each month, totalling ₹9,000 annually through HDFC Bill Pay and Mobikwik.

How do we save ₹45,000 in taxes?

We invest ₹1,50,000 in Public Provident Fund(PPF) annually which is exempted from tax under Section-80C thus allowing us to save ₹45,000 in taxes.

Other options for saving taxes under Section-80C are
1. Provident Fund(PF)
2. Voluntary Provident Fund(VPF)
3. Equity linked Saving Scheme (ELSS)
4. National Pension Scheme(NPS)
5. Unit Linked Insurance Plan (ULIP)
6. Fixed Deposit(FD)

Tell us in comments if you save taxes under Section-80C. If yes, what investment option do you choose?

How do we manage our mutual funds?

We use Kuvera to manage all our Mutual Funds in one place. It has a very simple UI/UX to get all our jobs done smoothly. You can also import your current portfolio into the application. Link in bio if you want to give Kuvera a try!