Vineeth K Profile picture
Sep 12, 2022 11 tweets 4 min read Read on X
I use credit cards for all my expenses for making the best of reward points. I earn around ~Rs.30,000-60,000 a year on reward points

As the Indian middle-class, every rupee reward counts in saving more

Below is the thread of some cards that I use for my expenses 🧵

#CreditCard
Key things to consider:

- FREE CARDS - I prefer only free cards & never paid a single rupee as membership fee for any of my cards

- CREDIT as DEBIT - I use my credit card like debit card, spend and pay immediately

- TRACK OFFERS - Credit cards have specific offers, track them
1. Amex Rewards Credit Card (5-10% rewards)

BEST EVER

1000 Bonus points for 4 transactions of >Rs.1500
1000 Bonus points every month for spending >20K

After 24000 points, you can redeem it for 9000 Amazon/Flipkart or 14000 Taj voucher

Note - Amex not accepting new cards
2. Amex Gold Charge Card

1000 Bonus points for 6 transactions of >Rs.1000
Specific intermittent offers for utility payments, insurance & electronics

LIFETIME FREE CARD. NO PRESET LIMIT

24000 points = 9000 Amazon/Flipkart voucher

Note - Amex not accepting new cards in INDIA
3. Best card for online spends

FLAT 5% Cashback on online transactions upto Rs.10000 & additional offers

Amazinggggg card for online shoppers & I got the virtual card in 2 minutes

FIRST YEAR FREE

Apply here - sbicard.com/invite/j0Men5R…

Or use code - j0Men5R7Y2D
4. Fuel spends - CITI INDIAN OIL CREDIT CARD

4 turbo points / Rs.150 spend. Each point = Rs.1 for fuel purchases

LIFETIME FREE

Works only in Indian Oil petrol pumps. Not so available in tier 2 cities

Full tank gives 1-ltr free petrol

Register here - online.citibank.co.in/portal/newgen/…
5. Slice card - Not a credit card (Its a consumer loan)

Many online and offline offers. FLAT 2% rewards when you cross Rs.5L spend.

Most useful for utility & insurance payments. 2% on insurance is huge. Specific SPARK offers every week to save more
Key points to note

- Credit cards are not for cash. Never take loan of credit cards, life will get screwed
- Switch between cards wisely for more points
- Dont apply for too many cards- Impacts CIBIL
- Dont spend more than 10% of limit- impacts CIBIL
Are these the best cards ever ?? I don’t know.

These are just the cards I use, there might be other cards which I don’t know off

I don’t promote any of these products nor I have partnerships.

Sharing for awareness only.

Please RT the main post of you like 👍
I also use the the Amazon ICICI card with prime account for 5% cashback on all Amazon purchases.

This has become a bit useless after getting the SBI Cashback card as SBI card offers 10% discount (in offers) + 5% cashback to card. Amazon offers only 5% +5% to Amazon pay
Finally, I used CRED for all my credit card bill payments.

Earned around 40K using CRED payments.

Use the below link to sign up & earn Rs.250 on your first credit card bill payment (min.1000)

app.cred.club/spQx/llp6nx4e

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More from @DealsDhamaka

Jul 23
Investing Basics – Explained with Examples

🚫Not for experts

Understand SIP, STP, SWP, Asset Allocation & More with simple real-life cases (on request from DM's)

Bookmark if you’re getting started 🧵

SIP – Systematic Investment Plan
STP – Systematic Transfer Plan
SWP – Systematic Withdrawal Plan
Lumpsum Investment
Asset Allocation
Emergency Fund
ELSS – Equity Linked Saving SchemeImage
SIP – Systematic Investment Plan
You invest a fixed amount every month in a mutual fund.

🧠 Think of SIP like an EMI – but for wealth creation.

✅ Works best for regular income folks
✅ You don’t have to time the market
✅ Builds long-term discipline

📍Example:

A person invests ₹5,000/month in an Index Fund via SIP. After 10 years (assuming 12% CAGR), it grows to ~₹11.6 lakhs

His total investment? Just ₹6 lakhs
Return? ₹5.6L profit without doing anything daily.

Illustration:

🎯 Returns Summary
- Total Investment: ₹1,20,000
- Value at Year End: ₹1,26,837.02
- Gain: ₹6,837.02
- Approximated XIRR: ~12%Image
STP – Systematic Transfer Plan

STP allows you to move money gradually from one mutual fund to another (usually from debt to equity).

✅ Useful when you have a lump sum amount (like ₹5–10L) but want to avoid market volatility.

🧠 Strategy:

- Park ₹5L in a liquid or ultra short-term fund
- Set up STP of ₹25K/month into an equity mutual fund

This way you avoid investing the entire lump sum at a market high. Also useful when doing goal-based investing

Example

10-month STP table with growth applied:

Debt Fund grows at 6% annual interest
Equity Fund grows at 12% annual interest
₹1,00,000 is initially invested in the debt fund.
₹10,000 is transferred monthly to the equity fund.Image
Read 9 tweets
Jul 7
Heard of AIS? 🚨

The Annual Information Statement (AIS) is your financial footprint recorded by the Income Tax Department.

Think of it as your "CCTV footage" of financial activity.

Let’s break it down 👇Image
AIS includes everything the IT Dept knows about your:

🔹 I. Income Sources (General)

Salary
Rent Received
Dividend
Interest from Savings Bank
Interest from Deposits
Interest from Others
Interest from Income Tax Refund
Rent on Plant & Machinery

🟧 II. Lottery, Betting & Gaming Winnings

Lottery/Crossword Winnings (u/s 115BB)
Horse Race Winnings (u/s 115BB)
Online Games Winnings (u/s 115BBJ)
Lottery Ticket Sales Commission

🟪 III. Special Income (Section 111, 115A/B/AC/AD, etc.)

PF Balance from Employer (u/s 111)
Infrastructure Debt Fund Interest (u/s 115A(1)(a)(ia))
Interest from Specified Company (Non-Resident) (u/s 115A(1)(a)(aa))
Bonds/Government Securities Interest
Units of Non-Resident Income (u/s 115A(1)(a)(ab))
Offshore Fund Income / LTCG (u/s 115AB(1)(b))
Foreign Currency Bonds/Shares Income (u/s 115AC)
Foreign Institutional Investor Securities Income (u/s 115AD(1)(i))
Specified Fund Securities Income (u/s 115AD(1)(i))

🔸 IV. Commissions, Insurance & Other Receipts

Insurance Commission
Life Insurance Policy Receipts
National Savings Scheme Withdrawal
Securitization Trust Investment Income
Government Payable Sums
Specified Senior Citizen Income
Business Trust Distributed Income
Investment Fund Distributed Income
Donations Received

🟦 V. Asset Sales / Transfers

Land/Building Sale
Immovable Property Transfer Receipts
Vehicle Sale
Securities/Mutual Fund Units Sale
Off-Market Debit Transactions
Off-Market Credit Transactions
Repurchase of Units by MF/UTI
Virtual Digital Assets Transfer Receipt

🟩 VI. Business & GST

Business Receipts
GST Turnover
GST Purchases
Business Expenses
Rent Payment
Miscellaneous Payment

🟫 VII. Banking & Cash Transactions

Cash Deposits
Cash Withdrawals
Cash Payments
Account Balance

🟨 VIII. High-Value Purchases & Spending

Foreign Remittance / Currency Purchase
Foreign Remittance Receipt
Foreign Travel
Immovable Property Purchase
Vehicle Purchase
Time Deposits Purchase
Securities/Mutual Funds Purchase
Credit/Debit Card Transactions

🟥 IX. Non-Resident & Sports-Related

Non-Resident Sportsmen/Sports Association Payment (u/s 115BBA)
CBDT has notified 57 types of Income and Expenses that will be available in AIS.

📍 Find your AIS at:

Login → Services → Annual Information Statement
(It goes way beyond Form 26AS)

Why check AIS?
✅ Catch errors before filing ITR
✅ Spot missing or excess income
✅ Avoid tax notices
✅ See exactly what the IT Dept seesincometax.gov.in
Read 6 tweets
Jun 15
I am 35 now,

Below are 15 things I wish I knew at 25 🧵
Invest in yourself — it pays the highest returns.

In the first 10–20 years, your active income (from your skills, job, or business) grows the fastest
Spend time with your parents — after 50, they age faster, and what’s lost can never be regained

Regret lasts forever
Read 16 tweets
Apr 5
Not sure why - people in India like to scam

On my hunt for a new sofa for our newly renovated home, after exploring 10+ options I landed in a local store who promised to provide the design and fabric we wanted. We chose the fabric after exploring 30+ books & brands
With all customisation, the sofa costed a bomb + 2% extra for paying via. Credit card. Finally we agreed the sofa to be delivered on April 3rd

In between, we also planned to get a dining table, hence the store person told they would deliver both by April 7th considering Eid
We were okay with that as we will still get it before my kids birthday. Finally today morning the store person calls and says, we are not getting the fabric that was discussed, i will send you 2-3 books to home - choose an alternative and we will get the sofa done
Read 8 tweets
Jan 6
Last Minute Bill Payment? 😢
Pay your credit card bills using UPI 💳💳💳

Amex:

Log in through any UPI enabled mobile banking app / BHIM and pay.

American Express UPI VPA is AEBC3XXXXXXXXXXXXXX@SC (Please ensure that you put your complete 15-digit Card number beginning with 37 or 34)

#ccgeek #creditcardImage
SBI CARD bill:

Step 1 : Click on Pay by VPA (Virtual Payment Address).

It should be Sbicard.16 digits of your credit card no@SBI e.g. Sbicard.4726420123456789@SBI

Step 2 : Insert amount which you wish to pay to SBICARD and click on Go
AXIS BANK:

Initiate Payment through CC.91<Your 10 digit registered mobile number><last 4 digits of your Credit Card>@axisbank
Read 7 tweets
Jan 5
Road-trip from Pune to Royal Rajasthan!!

• 3200kms
• 6 hotels
• 10+ attractions

All in 50k INR plus Marriott points for a family of 2+1 Image
Day #1

• Drove from Pune to Ahmedabad via Mumbai, achieving the best mileage since purchase, all thanks to the fog!😜😆

• Had amazing food at TAPI Restaurant (since 1975) in Surat.

• Stayed at the Fairfield by Marriott (9500 points)

• Visited Vibrant Sabarmati River Front

• Had delicious Gujarati Thali at ISCON THALImage
Image
Image
Image
Day #2

• Drove from Ahmedabad to Jaisalmer.

3 hour drive in desert, 🏜️ excellent roads. Full of military vehicles near BARMAR

• Relished Dal Bati Churma at Thakur Ji Restaurant, Jaisalmer Fort

• Stayed at Desert Drop in Sam Sand Dunes where we enjoyed a desert safari, Rajasthani folk performances, and had an authentic traditional dinner.

Total stay - 5200 (including stay, food, cultural events, camel ride) - Paid 1000 extra for desert safari - 4x4 THAR - EXCELLENT experience

BEST DAY OF THE ENTIRE TRIP


Image
Read 18 tweets

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