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Think In Points

Aug 28 • 7 tweets • 1 min read • Read on X

One small mistake while swiping your card abroad can cost you 5–7% extra 💸

Saw @pk037 break this down so well in his youtube short, had to share here in detail 👇

When you swipe at a POS in Europe (or anywhere abroad), the machine often asks:
“Pay in Local Currency (EUR, USD, etc.) or INR?”

The choice makes a BIG difference!

1️⃣If you choose Local Currency (EUR, USD, etc.)
- Your network (Visa/Master/Amex/Discover) does the conversion
- You pay at near market rate
- Forex markup from your card (1.5–3.5% + GST) applies
- Transparent & cheaper ✅

2️⃣If you choose INR
- Merchant/processor converts it (Dynamic Currency Conversion a.k.a DCC)
- They add hidden margins (3–6% extra 🤦)
- Your bank may still add forex markup
- End result is that you might cost you a lot more!

Here’s a real example -
A €31 transaction showed two options -
EUR 31
INR 3408.49 (with a ~7% markup baked in!)

Pick INR here, and you overpay straight away!

Always pay in local currency abroad!
Never choose INR/your home currency on the machine.
It’s a small choice that saves you 5–7% every single time.

Credits again: @pk037 for highlighting this! 🔥

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Aug 28

A lot of folks think, “Why do I need miles when my card lets me book hotels directly on an OTA platform?” 🤔

Here’s why it actually matters, and why EPM must start a miles transfer program soon 🧵👇

I had some reward points on my HDFC DCB.
At the same time, I was short of points in Accor for upcoming hotel stays.
70% of my stays were already going via Accor → so the decision was -
1⃣ Use DCB points to book hotels directly via Smartbuy
2⃣ OR transfer them to Accor

If I use HDFC DCB points directly on Smartbuy OTA, I get -
❌ No Accor reward points
❌ No Accor status points
❌ Nights don’t count towards my loyalty tier
Basically, I’d lose all the loyalty benefits of booking inside the Accor ecosystem.

Read 8 tweets

Think In Points

@think_in_points

Aug 27

I wish I knew this hack much before to SAVE LAKHS IN FUTURE TAXES!
It’s called Tax-Gain Harvesting i.e. using the ₹1.25L LTCG exemption every single year!

Here’s why it’s a game-changer 👇 🧵

For equity shares & equity MFs (held >12 months, STT paid) -
- First ₹1.25L LTCG = tax-free
- Beyond 1.25L → taxed at 12.5% + cess

If you don’t use this limit each year, it’s gone forever.

You invest ₹1L today and if 10 years later it grows to ₹10L.
LTCG = 10L − 1L = ₹9L

Exempt = 1.25L

Taxable Amount = 7.75L

Tax = 12.5% × 7.75L = ₹96,875 (≈₹1.0L with cess) 😬

Read 8 tweets

Think In Points

@think_in_points

Aug 27

Should you keep a loan or prepay it fast? That's one question most of us struggle with.

Quick answer: if your post-tax investment return > your loan’s post-tax cost, invest wins.

Let’s do the math in detail👇

1⃣ Assume a 7% loan and an investment return of 12–15%?
Amount: ₹50L home loan, 7% p.a., 20 yrs
EMI ≈ ₹38,765/month
Total interest over 20 yrs ≈ ₹43.0L

2⃣ Case A - Prepay ₹10L now (keep EMI same, reduce tenure):
New tenure ≈ 159 months (13.25 yrs)
Total interest ≈ ₹21.5L
Interest saved ≈ ₹21.5L
You finish the loan ~6.75 yrs earlier

Read 12 tweets

Think In Points

@think_in_points

Aug 26

Who do you think end up being credit card geeks?

The rich?
Not really.
In fact, a lot of business folks and service-class rich don’t even bother.
They’ll just pay by cash/UPI or swipe any card lying around.
They don’t want the “math headache.”
So then,who does become a CC geek?

It’s less about money.
It’s more about mindset.
These are the typical personas 👇

1⃣The Maximizer
🟢Hates leaving free money on the table
🟢Knows which card gives 1% vs 10% vs 15% returns
🟢Loves optimizing spends to the last rupee
🟢Often has spreadsheets / apps to track points

Read 9 tweets

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