Instant Discount Trap On Credit Card

Yes, it's a real fact.    it's better to maintain a single credit card in case of emergency.

what i do is i maintain Wishlist and only buy in offer times. by maintaining Wishlist for 2-3 months you can get discount as well as time to think if you really need it or not. As for cc I hold around 15-20 of most banks to get 10% off. problem is you have to know how to use cc which most people dont, Till now I have in my 7-8 year cc journey never bought a item in emi nor have defaulted on any payment

I think it's your problem if you shop every time when you see a instant discount sale, i have to buy home furniture and all this sales i shopped for around 20L, these instant discounts saved me a 2L in Just a single month. So instead keep control on your impulsive buying & FOMO.

Let me guess, your inspiration for this post is coming HDFC floater card stripped from instant discount, recent devaluation i guess

btw its not wrong to keep holding LTF cards which dont have huge limits (it wont affect anything if you dont have huge limit locked in LTF) 

I suggest keep all the cards if its LTF -> PROVIDED LIMIT IS NOT HIGH to avoid over leverage condition

Side note: Even if limit is high IN LTF CARDS, we can reduce it by calling customer care and still keep LTF cards in our stack

NEVER CLOSE A CREDIT CARD EASILY (is my personal opinion)

Our relationship with banks is business, not romantic relationship. If banks screw customers, we can screw back

Here is example of instant discount trap by random bank. You need to analyze your need and also Tnc. You need to make minimum purchase to get instant discount. Sometimes this minimum purchase limit is high. Don't stretch your budget to meet this limit. Also analyze what will be final discount on fare deducting convenience fee. You may get better deal at EMT with zero convenience fee and core reward of CB card. For hotel, don't stress budget for room rent to get instant discount. I get such instant discount mails daily on my all cards for various products. So, there is no shortage of offers that i have to keep dozens of credit card.

I dont find problem except Minimum purchase value. If banks giving instant discounts, one can not see it as a trap. Also i disagree on calling banks and users ### just because they having credit cards "Banks take this opportunity to push thier donkey cards to donkey people." These days getting credit card itself is not easy. Many rejections are there.

People complain about everything. It is not a trap. It is you who will decide to spend or not. Bank has just communicated it you can unsubscribe if you don't want those emails why blame the bank? There is in fact a easy trick for 5k spend apply common sense you can figure it out.

People here are making money by purchasing items for other users using their instant discount card. They charge a commission of Rs. 200 to Rs. 400, depending on the instant discount offer.

Hey balak, jise tum narak (hell) samajh rahe ho wohi swarg (heaven) hai.

LTF is lobh, no problem. I hold a SBI simplysave for 590 a year, use it to get 10% card discount in sales. Lend this card for friends' purchases in sales. Similarly, friend shares their uncommon cards like HSBC, DBS, BMS, KOTAK Myntra when I need for sales. Everyone in the circle got some cards which we share during sales. So it gets well utilised. 

Finally his account got deleted?

😂lol account deleted 

You are approaching it the wrong way. Most LTF cards are meant to be taken and kept at the back of your drawer.

When sales happen, you need to first identify what your really need. Then see which card gives the best offer and use it. Not the other way round.