INCOME TAX9 Sept 2026
From cashback to portfolio management: Why high spenders are hiring credit card advisors | Mint
Choosing credit cards used to be simple—compare fees and rewards. Now high spenders treat it like managing investments. Paid advisors review your card portfolio, suggest which cards to use for groceries or travel, and plan reward redemptions. For people spending ₹20–40 lakh yearly, one-time help costing ₹7,000–10,000 may be worthwhile, since rewards can be worth ₹50,000–1 lakh. Know your spend, complexity, and time before paying.
Key Statutory Highlights
- Credit card selection is increasingly treated like portfolio management, with platforms and consultants offering paid, personalised advice.
- For cardholders spending around ₹20–25 lakh annually, rewards may be worth roughly ₹50,000–1 lakh, making one-time assistance of ₹7,000–10,000 practical.
- Net reward rates can range from 5% to 50% depending on redemption, so planning and effort matter as much as the amount spent.
Actionable Advice for Taxpayers / Founders:If you spend about ₹20–25 lakh a year on cards, estimate the rewards you can realistically earn and compare that with the ₹7,000–10,000 one-time fee before hiring an advisor.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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