Best Indian Credit Cards for Rewards and Benefits

Amex MRCC and Plat Travel

• Add to Mobikwik wallet and UPI to Landlord for rent payments.
• MRCC for hitting the 20k milestone and Plat Travel for the 4L milestone.
• Mobikwik charges ~2.5% to add to the wallet, providing 4-5% reward rate.
• Good for rent up to 50k.
• Pros: High reward rates, good for rent payments via wallet.
• Cons: Mobikwik charges a fee, may not be sustainable long-term.

HDFC BizBlack

• Ideal for all government tax-related transactions and specifically for 12B transactions.
• Saves around 12k in taxes, good for tax payments.
• Pros: Ideal for tax-related transactions.
• Cons: Need to consider other transaction costs and fees.

SC Ultimate

• Suitable for rent payments, providing a net gain.
• Pros: No charges from the bank side, good for rent payments.
• Cons: Specific to rent payments.

IDFC/SBI Vistara & Air India Signature

• Ideal for rent payments.
• Pros: Good for specific rent payments.
• Cons: Limited to certain rental scenarios.

Other Options

• Indusind Heritage and Indulge cards for rent, providing 0.7% and 1.5% reward rates respectively.
• Payinstacard offering rent payments at 1.65%.
• Pros: Good options for rent payments with varying reward rates.
• Cons: Limited availability or specific usage scenarios.

Discussion and Considerations

• Consider potential charges on rent payments (e.g. Fee, GST).
• Evaluate the worth of using specific cards for rent based on milestone benefits and fees.
• Consider other cards for rent payments based on specific requirements.
• Pros: Variety of options for rent payments.
• Cons: Fees and limitations on certain cards.

Overall Evaluation

• Pros: Various card options for rent payments with different reward rates.
• Cons: Fees, limitations, and potential changes in payment methods.

Remember to always consider your specific spending patterns, reward preferences, and card features when choosing the best credit card for your needs.