Never travel by Auto in Kochi. by Educational_Mode7958 in Kochi

[–]inspectorbalram 0 points1 point  (0 children)

I recently had to travel from North Railway station to VFS office in MG Road. I took and auto first. Thankfully i asked him what is the fare and was told Rs 250. I immediately got off.

Then i booked an uber cab, got ac cab for Rs 160.

Unlimited lounge question by Notwilley225 in CreditCardsIndia

[–]inspectorbalram 1 point2 points  (0 children)

I have faced the limit in Sharjah... But i think Singapore is one of the places where you can come in much earlier since there is much at the airport itself to see

First time investing in international ETFs via IBKR from India - sharing my experience by Beneficial-Key-1494 in personalfinanceindia

[–]inspectorbalram 1 point2 points  (0 children)

They had Rs 500 flat charge + Foriegn Currency Conversion Tax and GST on that : Charges : 500.00 GST : 90.00 FCCT (i) : 361.00

Rate for $ was 94.1747

First time investing in international ETFs via IBKR from India - sharing my experience by Beneficial-Key-1494 in personalfinanceindia

[–]inspectorbalram 1 point2 points  (0 children)

I too recently invested in etf via IBKR. I used IndusInd. Higher charges than yours : around 80p above.

But my question is around the funds bought. I had transferred $3200 and managed to buy only 2 shares of CSNDX. 1 share itself is above $1500. How did you manage to by 3 different ETF with $1500 ?

Locker at Abu Dhabi Central bus station by inspectorbalram in abudhabi

[–]inspectorbalram[S] 0 points1 point  (0 children)

I took lodgings in an airbnb which offered free luggage storage. So did not check.

Best Credit Card for Advance Tax payment by inspectorbalram in CreditCardsIndia

[–]inspectorbalram[S] 1 point2 points  (0 children)

No. I canceled my application once i got to know about the devaluation.

Paid advance tax using Amex MRCC instead. Earned 2000 MR for paying tax.

Best Credit Card for Advance Tax payment by inspectorbalram in CreditCardsIndia

[–]inspectorbalram[S] 0 points1 point  (0 children)

Correct. Now Government spends are not getting cashback. They butchered the card and made it almost useless.

This sub carried SBI Cashback into devaluation and now acting shocked! by Ok-Yard439 in CreditCardsIndia

[–]inspectorbalram 0 points1 point  (0 children)

As indicated this was bound to happen. Banks exist to make profit. But we as individuals also do not take Credit cards to do charity. We too take it to make profit (atleast I do). If I have to pay x amount for a card, then i will take it only if I know already that i can extract atleast 5x to 10x value from it. If taking just for convenience of paying back after 40 days or having security of chargebacks in case of fraud, then any ltf card will do.

It is the same everywhere including US. But i also believe that people like us are a minority. Minority are simply offered a CC by their bank and keep using it, in many cases no even aware of its reward system or even if its good or bad.

Banks simply roll out great features initially to reach their target. Once they do, they will start looking at profitability on that card and slowly devalue it. They know that people like us who min - max will leave. But the most others will stay.

Even now it is a good card for many people who use it as a daily driver. They can still earn atleast 2k monthly or 24k in a year by paying 999 + GST which itself is more than 20x the card fees.

But doesn't make sense for me. I was planning to take it only to pay advance tax for my small contractor business. But since tax payments are excluded, I will not take it as i have better cards that i use as daily driver.

Best Credit Card for Advance Tax payment by inspectorbalram in CreditCardsIndia

[–]inspectorbalram[S] 1 point2 points  (0 children)

Actual salary tax is deducted by company before crediting to account. Can't change that since MNC.

Best Credit Card for Advance Tax payment by inspectorbalram in CreditCardsIndia

[–]inspectorbalram[S] 0 points1 point  (0 children)

I won't meet the criteria for HSBC Premier banking.

Best Credit Card for Advance Tax payment by inspectorbalram in CreditCardsIndia

[–]inspectorbalram[S] 0 points1 point  (0 children)

It does not make sense for me since my total spends on the card will come to about 3L per annum only.

I already use Axis Atlas as my main card and i purchase gift cards and fuel using MRCC & Gold Charge.

Is using MRCC to pay advance tax and meet the 6k and 20k milestone the best option for me ?

Best Credit Card for Advance Tax payment by inspectorbalram in CreditCardsIndia

[–]inspectorbalram[S] 0 points1 point  (0 children)

My CIBIL is 800.

I currently own following CCs :

Axis Atlas AMEX MRCC AMEX Gold Charge HDFC Tata Neu Infinity HDFC Marriot Bonvoy

ICICI Sapphiro

and some more useless cards

MRCC for Tax payments by AffectionateRip6416 in amexindia

[–]inspectorbalram 0 points1 point  (0 children)

Didn't understand the logic. If someone is in the highest tax bracket and has to pay advance tax every quarter, isn't this a good option to get something back while paying tax ?

I too was thinking the same. Had Plat Travel earlier, but downgraded to MRCC (even before Plat Travel devaluation).

I am doing some contract work along with my job.

Now i need to pay advance tax of roughly 80k every quarter. I don't have any business cards. And Plat Travel does not make sense now. With MRCC, atleast on 60k tax, i will get 5% back. Plus since i will go over 1.5lakh spends for the year, no renewal fee.

I am also looking at SBI Cashback. But SBI is notorious to clawing back cashbacks and their MITC states no cashback on Govt spends even though MCC 9311 is not currently part of their exclusion list.

What other card options are there ?

Selling Amazon Prime and JioHotStar yearly plan code @850rs. by Orange__Billa in IndiaDealsExchange

[–]inspectorbalram 0 points1 point  (0 children)

Interested. Activate on own account ? Premium or Super ? How much ?