One needs to be sure of the MCC before making huge swipe. Dealers can employ machine registered under fuel MCC so as to passon the MDR charges to consumer. This could cause a huge loss to the user as he won't gain RP and has to pay surcharge as well.
Yes, totally. Should always do a test txn before doing the full txn, after doing the test txn, you can call your bank after 24hrs and ask them for the MCC, they will gladly share it and confirm that you got points on this txn or not (HDFC easily shares such stuff). @mananagarwal7002
You are missing out huge card that is Atlas in this video. Multiple milestone will hit by using this card for full payment. And infinia and DCB are useless for this purchase as it draws 3.5% MDR so no dealer will accepts these cards. Amex plat travel and Atlas are most beneficial card even dealer chage u 2% extra.
its just time. More and more ppl will start to use credit card for car purcahse. car dealers stop accepting credit card for high value transactions or the banks put a cap on reward points on car purchase
Smart way is to use credit card for down payment and ret using car loan under 9% interest. You can invest your money in MF for 13% returns atleast. Credit rewards wont match MF returns.
Why not ? If the card has sufficient limit, the dealer doesn’t ask for the MDR from the customer, or at least gives relief on that and most importantly, the buyer is in a position to repay the full amount by the card due date.
Purchased Alto last month swiped 5.50 Lacs using cc …. They have taken 2% on 5.00 Lacs I have earned Vistara Business Class ticket 🎫 Vistara team will now transfer it to AI
![[#2024MAMA] BIGBANG (빅뱅) - 뱅뱅뱅 (BANG BANG BANG) + FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/EQsYfiPR9uM/mqdefault.jpg)
One needs to be sure of the MCC before making huge swipe. Dealers can employ machine registered under fuel MCC so as to passon the MDR charges to consumer. This could cause a huge loss to the user as he won't gain RP and has to pay surcharge as well.
how can we know that?
Yes, totally. Should always do a test txn before doing the full txn, after doing the test txn, you can call your bank after 24hrs and ask them for the MCC, they will gladly share it and confirm that you got points on this txn or not (HDFC easily shares such stuff). @mananagarwal7002
@@mananagarwal7002 need to perform a trial txn and check with bank for MCC.
Make a small transaction, call customer support to know MCC for that transaction.
You can do a test txn and call the bank after 24hrs to know the MCC and if you got rewards on the payment. @mananagarwal7002
You are missing out huge card that is Atlas in this video. Multiple milestone will hit by using this card for full payment. And infinia and DCB are useless for this purchase as it draws 3.5% MDR so no dealer will accepts these cards. Amex plat travel and Atlas are most beneficial card even dealer chage u 2% extra.
You didn't need to tell all benefits of these cards, just should have focused on car purchase points only
03:20 Most important point! Well done!
its just time. More and more ppl will start to use credit card for car purcahse. car dealers stop accepting credit card for high value transactions or the banks put a cap on reward points on car purchase
Smart way is to use credit card for down payment and ret using car loan under 9% interest. You can invest your money in MF for 13% returns atleast. Credit rewards wont match MF returns.
True but one can go for down payment
Dealer ask 2% charges on transactions above 10K.
I am planning to buy 22L worth of car so what should you suggest?
Why not ? If the card has sufficient limit, the dealer doesn’t ask for the MDR from the customer, or at least gives relief on that and most importantly, the buyer is in a position to repay the full amount by the card due date.
Video starts 0:33
HDFC DCB detailed video please
If you fully utilise credit card limit on buying car it will impact credit score
Please make a detailed video on best high value debit card for big transaction like buying car
I paid my flat booking cost(~8L) using my credit card.
Muchh ko tav laga k kehta hu - ajtak koi chiz finance pe nahi kharidi. Haan kharid nahi paya wo alag baat hai.
Could you make a detailed video on tata cards by SBI, please
Nice information🙏🏼
Purchased Alto last month swiped 5.50 Lacs using cc …. They have taken 2% on 5.00 Lacs
I have earned Vistara Business Class ticket 🎫
Vistara team will now transfer it to AI
Didi Mera civil 745 ha koi let payment nahi Kiya abhi tak kya muza hdfc ka neu card or milinia card apply karna sa milaga
Mostly dealer agree nahi karte...
Finally you made it.
You got 14k views
HDFC DCB Metal detailed review please
Hi
Can I buy a car through the Axis Bank vistara credit card?
Will I get a reward point and milestones benefit?
Need hdfc dcb detailed vedio
What is support calling?
Second person is Jay Kapoor youtuber
Better to buy a car on loan which is just 8.5% and use the money which you have to earn at least 12-13% return from mutual funds
Mostly dealer simply say pay Mdr charges
Please review hdfc DCB metal card
What about adani one credit card
My TH-cam family 736 done' ❤❤🎉🎉
Maine credit card se bike le hai
I know this question is totally unrelated. But your look from last year has totally changed. What happened?
🫡🫡🫡
Dimag lagao to kahi bhi earn kr sakte ...
Maturity hits when you realize that this mark isn’t on your screen; it’s actually on her wall in the video! Who else noticed this?