Choose These Credit Card Pairs to Maximize Rewards & Cashback
You must have heard about some famous couplings: cheese and wine, Tom and Jerry, Batman and Robin, burgers and fries, movies and popcorn and so forth. What’s peculiar about these pairings is how well they work with each other. Have you ever thought about Coupling of Credit Cards?
Well, certain Credit Cards tend to complement other cards so well that the combination will help you earn maximize benefits and rewards. Sometimes, the combination of two cards – such as clubbing various types of HSBC Credit Cards together– can lead to you winding up with bigger and better benefits. It’s something that otherwise wouldn’t have been possible if you would have relied on just a single card.
Trying to figure out which Credit Cards work well in tandem? We have listed some of our favourite Credit Card duos for you:
1. American Express Membership Rewards Credit Card and Citi Cash Back Credit Card
If you’re looking for the best Rewards Credit Cards, then look no further than this deadly pair comprising Amex & Citi Bank Credit Cards. These two cards demonstrate perfectly how individual Credit Cards can complement one another. While you can go about building up your reward points on the American Express Card, the Citibank Card, on the other hand, allows you to earn cash backs on all purchases.
American Express Membership Rewards Credit Card: Key Points
Using the Amex Card lets you earn 1 membership reward point for every Rs. 50 spent on the card. However, spends on fuel, utilities, insurance and cash withdrawal are an exception to the case. You also stand a chance to earn 1,000 bonus reward points on card activation and an additional 5,000 bonus rewards points on card renewal.
Citi Cash Back Credit Card: Key Points
With the Citibank Card, you will earn 0.5 percent cash back on all purchases while also earning an additional 5 percent cash back on movie ticket booking, telephone bill payment and all types of utility bill payments (via Citibank Online Bill Pay service). Thereon, these cash backs are credited to your account in multiples of Rs. 500.
How to get the most out of this card pairing?
Once you have both cards in hand, the key is to use them strategically and split up your expenses between the two cards. By doing this, you will be able to use the right card in the right situation. For instance, the Amex Card offers no rewards or benefits on utility bill payments while the Citibank Card offers a 5 percent cashback. Therefore, it makes sense to use the Citibank Card for paying for all sorts of regular and fixed monthly expenses such as movie ticket bookings & utility bill payments. Big-ticket purchases can be made using your Amex Card as you will be scoring hefty rewards points every time you swipe which you can collect and use later to redeem exciting deals.
2. SBI SimplyCLICK + Citi PremierMiles Credit Card
Getting a card which enables you to optimize both shopping and travel rewards on purchases might seem complex, but you can do just about that by using the SBI SimplyCLICK + Citi PremierMiles Credit Card together. This card combination will yield you rewards on two different categories which is why you need to use them accordingly.
SBI SimplyCLICK Card: Key Points
SBI SimplyCLICK Card is a card catered towards online purchases and rewards you accordingly. As a matter of fact, as a Welcome Gift, you get Rs. 500 Amazon gift voucher. Available for an annual fee of just Rs. 500, the SBI SimplyCLICK card enables you to earn 10X bonus rewards when you use them on online spends with exclusive card partners like Amazon, BookMyShow, Foodpanda, UrbanClap and Lenskart. On all other online spends, you can earn 5X rewards points. But wait there’s more, on reaching annual spends of Rs. 1,00,000 and Rs. 2,00,000, you get e-vouchers worth Rs. 2,000 each.
Citi PremierMiles Credit Card: Key Points
The Citi PremierMiles Credit Card is an excellent card to hold if you are a frequent flier. Available at a slightly premium annual fee of Rs. 3,000, this card essentially helps you earn air miles on every usage. Right from the moment you activate the card, you will be credited 10,000 miles. Similarly, on card renewal, you will earn yourself an additional 3,000 miles. Now for the fun part: you can earn 4 Miles per Rs. 100 on all transactions and 10 Miles per Rs. 100 on airline spends.
Holders, also avail complimentary access to select Airport Lounges across India. Another benefit is that your miles never expire so you can use them whenever you want. These rewards earned on Citi Premiere Miles can also be redeemed with select partners such as BookMyShow, Goibibo, Yatra, Croma, FabIndia, Shoppers Stop, etc.
How to make most of this card coupling?
Although getting these two cards might seem a strange pair at first– after all, one is for earning rewards on online spends, and the other one is for earning air miles, right? However, using these two cards simultaneously could save you a lot of money. These two cards offer online shopping and Airline benefits, respectively, and one should use them accordingly to maximize benefits. Further, there are supplementary benefits which should also be made use of. For instance, the Citi Card also allows users to save up to 15 percent on dining across participating restaurants. Similarly, the SBI SimplyCLICK card is better suited for fuel purchases as it offers 1 percent fuel surcharge waiver on fuel transactions from Rs. 500 to Rs. 3,000.
The Bottom Line
All of us have our own set of preferences and expectations out of Credit Card usage so it’s up to you to find a combination of two Credit Cards that work best in your case. That said, ensure that you make monthly repayments on-time and in-full. For, carrying a balance forward defeats the whole purpose of getting a Credit Card. This is because the interest charged by your bank will greatly outweigh any cashback or rewards you might stand to earn from them. Using two Credit Cards can be beneficial if you stick to the payment timelines, so make sure you use them wisely.
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