How To Buy Car With Credit Cards || Must Watch Before Buying A Car
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- Опубликовано: 6 фев 2025
- In this video, I've shared my best strategy for buying cars with a credit card. I've shown the Excel calculation to save up to 11% or Rs. 153,000 on buying a 15 Lakh car in India. I've shared the best credit cards to buy a car, such as Axis atlas, American Express platinum travel card, Sbi KrisFlyer credit card, and co-branded Vistara credit card. Watch this video till the end and claim your rewards with your purchase.
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USE THESE LINKS TO GET EXTRA BENEFITS:
HDFC Tata Neu Credit Card -
www.tatadigita...
INDUSIND Credit Card- tinyurl.com/mw...
AXIS ATLAS Credit Card - tinyurl.com/y9...
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Thank you for watching!
#creditcardrewards #buycarwithcreditcard
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Used credit card to buy car on dcb and requested an upgrade to Infinia, worked like a charm.
Amazing 🤩
which car bro?
Wht was the amount?
@@Nope.--1.5 Amount was only 8L just wanted to get Infinia so only spent 8L
@@adityay525125 superb trick
Next Qtr all the banks puts restrictions on purchase of cars
Lol
There is a limit of 30k that you can transfer to Accor (group A) in a calendar year.
Group B is not thaw valuable. Maybe ITC and then transfer to Marriot is one way to maximise in group B
How to negotiate with dealer to bring down the 2% charge on credit card? I am ok to give 0.5-1%.
I asked my dealer . He said u ve to pay 3 % extra. So paid cash. My car price was 9lakhs
A lot of our clients got cars by paying 1-1.5% extra
What if i use a axis magnus burgundy card to buy a car. Isn’t the best to buy car if i get a good credit limit.
Use it for the year get the benefits, use all the points and later close it. 😅
If you can get burgundy, then yes
We can use the same card twice.. we can use it and then repay the amount.. and use it again..
depends on the card , what if you have hit the milestone
If someone is self employed one should go for buying car from credit card or not please let me know ?
Why not? :)
Tats motors using data neuo credit card we can use how much it's beneficial
I currently hold an Infinia Card and I'm also planning to get an Amex Platinum Travel Card.
Great choice of cards
Which credit card is best hdfc regalia or regalia gold
I’ve done one hdfc video. Has your answer.
Can I use axis atlas to buy bike
Will i get edge miles?
Yes sir you can
Please do one for HDFC Regalia Gold
thank you universe
Should I use HDFC Infinite for Travel package payment?
You can. There is no exclusion.
What is the annual fee of axis atlas cc and waving limit
5k plus gst. No waiver.
Does changing credit card portfolio every year has any impact on CIBIL score meaning no of active and closed loan in cibil score increase???
Yes it will impact
Any transaction of 10 lacs and above done on credit card gets reported to income tax. Good luck on that
So is that a problem. All salaried are already f****ed in TDS.
If earned white money, no one can do anything! if you have black money Good luck on that
Why is that a problem? If I’m earning 20, I can spend all 20. It’s my wish.
Only unemployed folks who rotate money on their card for a living need to worry about that.
So what? I spend over 10 lakhs on several cards each year.
I used this strategy to buy my car using Magnus last year and i paid 1.5% on the same
Amazing 🚀🚀🚀
Make an video on axis atlas card
Already there
For a small store biz person whose tax amounts are almost negligible and wants to do biz expenses, which credit card is good. Cuz many of the expenses are offline which do not have credit cards options, just cheque payments. Which card would be helpful for such a person and how. Please explain so that it's helpful to us small biz owners also
Sir any card that gives rewards for expenses. There are no special cards. You need specific cards for expenses like taxes. Otherwise it’s all the same. If you have a specific expense for which you need a card, mention that.
@@dugarniraj he can use upi based credit cards 😊
Used Atlas and got some 82000 milestones in a month but they deactivated the account. Luckily only 2000 milestones was left unutilised.
Atlas card that you have shown in thumbnail is worst travel card ever. 1.5 lakh spent on hotel booking not considered as expense for edge miles as hotels were using different MCC code. Even after giving proof. And one of them was Radisson.
I am just 25.
So I could only get Axis Atlas.
I already 3L transaction and was 4.5L away from Gold tier.
So, did a 4.5L swipe.
I could negotiate the 2% charges down to 0.5%
Amazing 🙌🚀
Better to buy second hand car..you will save a lot
The second hand car industry exists because some people are buy new cars :)
Second hand card is it?
@@surajhk31 car*
U r not a finance person, hence u say like this
Hi, we can pay the gst of a private limited firm using one director credit card?
Should be fine but you need a credit card which gives you rewards on govt and tax payments like Biz black
I want to pay 1 lakh electricity bill, can you please suggest credit card for this and also can i. Use personal credit card for business utility bills ?
For the second question, ask your CA. For the first one, biz black is one option.
Axis Magnus 5:2 is better if the swipe is above 13L
how?
@@dugarniraj (11.5L/200)x35 = 201250 ER
(1.5L/200)x12 = 9000 ER
Total = 210250 ER
Accor Pts = 0.4 x Total i.e. 84100pts
Value = 1.8 x pts = INR 151380
1.5L spends = (1.5L/200)x12 = 9000 ER
11.5L spends = (11.5L/200)x35 = 201250 ER
Total = 210250 ER
Accor Pts 5:2 = 84100 pts
Value (1.8x) = INR 151380
I had the options to choose Atlas or Magnus - went with Magnus 5:2
@@hashiro7there is a limit of 1 lakh ER points that can be converted to Accor per year.
Axis being Axis, you don’t know what rules get changed if you want to tanger in next calendar year
@@bigsidd Yes. I haven't calculated that. 2L ER pts in two years or 60k EM in two years.
In my case it is year end so, will clear early next year.
considering 1L ER to Accor 13L is the max you can go ahead with the Magnus 5:2 which will fetch you 2L ER that needs to be clear in 2 years.
Sir i have a question i have some stocks as in my portfolio worth 3cr and also i have ITR but cibil score is just 730 can i get those premium CC ?
Portfolio has no meaning when it comes to cc applications 😁
you left Axis Magnus Burgandy where in we get 5:4 ratio for miles and accor
Burgundy is not possible for everyone :) hence left out
does it make sense to use diners black credit card? I am looking to upgrade it to infinia so this is needed for the spending eligibility
Why not? If yo u can split it in 2 quarters, you can make 5.8%
@@dugarniraj How 5.8% ? DCB offers 3.33% as base reward points.
Eligibility spending criteria for DCB currently is 9L in 6months. I am spending 1L per month on this card currently. So, I need to spend another 3L for which I am planning to use DCB for car purchase payment.
How can i get 5.8% here?
INFINIA?
Good choice if there are no milestone cards
Very disgusting points been discussed. There is no point in using credit card to that level & leverage on liquidity. Also if one converts EMI on higher credit card purchases, every month there is GST added with EMI. For me it's not at all a viable option to consider
Just because you don’t agree with something or if something doesn’t work out for you doesn’t mean it’s disgusting.
There is no point in using credit card to that level - what does this mean? You probably mean you can’t use it.
I never mentioned convert cc bill to emi. We are talking about cc purchase vs loan.
Thanks. Would request you to use better words.
@dugarniraj the method you are suggesting is basically trapping someone more into debt. Why should someone use credit when we can upfront pay in cash. The whole point of your video is extremely misleading & very specific to a certain cluster of people - mainly targeted to upper middle class.
Before informing me to use kind words, get down on the ground & do some research of what's happening in the field. Don't promote illogical opinions to garner views
@@anirudhyachakraborty7680Sir ji he is suggesting a method which works for those people who are willing to go the extra distance and take the strain .
As far as I see.. u r a simple no tantrums person. That's why you are pissed off with this suggestion .
Different people different way of doing stuff. Chill . 😊
Because we get rewards by paying via credit cards..
If you have upfront money you can pay via cc and then with the upfront money you have you can pay off the credit loan with that instantly..
You are literally saving money on travels with axis atlas card even if you pay 2 3 percent more via credit card..
There is no rocket science in this.. its simple if you know what to do and what not to do.. not everyone can afford car upfront.. and if we can then via not get rewards from cc..@anirudhyachakraborty7680
recipe of disaster
Tasty
i bought a maruti ignis with bizblack
superb - congratulations