Best Credit card to do contribution of 50k for NPS & also pay 24k for LIC Premium- Please suggest fellow Dimers
Hello Dimers,
Please suggest the best way to do contribution of 50k NPS from credit cards to earn good cb?
Have following cards:-
ACE, FK Axis, Neo Rupay, IDFC Select, Indusind Amex, Sapphiro, Amazon Pay ICICI, HDFC Regalia, Tata Neu Infinity, ICICI Coral Rupay, Jupiter CSB Rupay, BOB Premier, AU LIT, Federal Celesta, Citi Rewards, Kotak League Platinum, SBI Simplyclick.
@sahil1033 @xxxyyyzzz @DeciDeaim @Seinfeld @bohemian @abhishek012 @Sudarshan61 @demerius2020 @panchabhut @kukdookoo @bikidas2060 @Batman2234 @sujith8786 @Agnivo007 @Awake @22sumit @baludesi
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for NPS use SC smart pay (2% cb - 1% fee = 1% net profit)
for LIC use Amazon pay
@sahil1033 Can you please suggest here / provide me a credit card which is useful for earning cb on LIC premiums & NPS payments?
@itsmehd5 ... for NPS, use IDFC First Bank Select CC before it devalues on 1st May, 2024
It should give you decent profit even after deduction of 0.59% ... I'll do the same using my Wealth CC after current statement gets over
Maybe BOB snapdeal for NPS, some dimer previously said
How much discount after charges bro, if you have any knowledge
SBI simply click...
Not sure about NPS.. but insurance payment through apay cc should fetch 2% cashback..
Tata neu infinity should fetch 5% on insurance payment through tata neu app..
My suggestion would be to downgrade your HDFC regalia to HDFC millennia (of course if you don't use regalia much) and buy apay gv through Amazon..
PS: the above suggestion may not help you this time..but will help you on the next insurance payment..
Apay GV at what discount and from where using millenia?
What abt 50k nps via infinia or bob eterna?
Does eterna give 3.75%
NPS can be paid only through e-NPS. All Axis card will give ZERO cashback (govt site). Amz Pay will give 1%.
Not sure about Magnus
NPS - Use Amazon Pay ICICI BANK CC - 1% CASHBACK ALONG WITH ALMOST SAME CHARGES, PAY CC BILL USING HDFC MILLENIA OR EASYSHOP PLATINUM DEBIT CARD - 1% CASHBACK
LIC - BUY AMAZON GIFT CARD THROUGH PAYZAPP IN GYFTR USING HDFC DEBIT/ CREDIT CARD - 5% + 1% CASHBACK
For nps how abt loading payzapp with eterna (3.75%) and using payzapp card on enps...will it work? Anyone having experience?
Use Amex mrcc . Buy AGV from Amex multiplier for insurance 1.5*3. Pay NPS 15.5k
If more needed for insurance, buy AGV, hdfc millennia cc maybe.
Hi,
Till last year Axis Ace used to give 2% on such transactions but it has stopped now.
I used my Amazon Pay ICICI last month & it gave me 1% cashback. I feel this is the most safe way to earn cashback on government related transactions.
Genuine feedback.. I agree with him
Does any add on with au lit give a better deal in terms of cashback
Au lit card is good for nps
For insurance is tata neu app good .?
AU LIT is best for NPS according to me.
2.5% as Reward Points using 10X on online transactions + 2% (Up to 1000) / 5% (Up to 500) on Transactions - Limits revised in 30 day rolling period. You will have to enable Features worth 299 + GST and (199+GST)/(299+GST) respectively.
P.S - Got additional 2.5% as Reward Points via NPS Offer during Dec'23-Jan'24.
Subtract from this the credit card fee ( approx 1%)
AU Lit card i would suggest to use the 2 Features, 5% cashback (this can be activated twice) and then 1x online transaction, we will have to do the transactions strategically
- Do the payment in 5 months
- Activate the second feature of 10x only once but do it strategically so that you can benefit it for 4 months instead of 3, you have to acitvate this later stage of the month to benefit this
- If you have HDFC Cashback you can benefit further
- in the below calculation i have also considered the fees
| Payment Installment | Amount | Feature 1 | Feature 2 | Feature 1 Cost | Feature 2 Cost | NPS Fees |
| 1 | 10000 | 500 | 200 | (118) | (88) | (88) |
| 2 | 10000 | 500 | 200 | (118) | (88) | (88) |
| 3 | 10000 | 500 | 200 | (118) | (88) | (88) |
| 4 | 10000 | 500 | 200 | (118) | (88) | (88) |
| 5 | 10000 | 500 | (118) | (88) | ||
| 50000 | Total | 1,919 | ||||
| 3.8% | ||||||
| HDFC Cashback | 500 | |||||
| Total Cashback | 2,419 | |||||
| Effective Rate | 4.8% |
AU bank best for NPS With Addons , do investment of 10k every month.
-- 5% cashback
Amex mrcc do 4*1500 transactions get 1k points-7% cashback
------------
LIC - Amazon gift card via Sbi Cashback - 5% cashback
Amex mrcc do 4*1500 transactions get 1k points buying Amazon gift card.-7% cashback
I'm using both approach since few months.
Note: looks like online rewards addon for NPS is not working. Only 500 cashback on 10k worked. Slightly devalued.
I use amex mrcc to complete monthly milestone. 1500 - 4 transaction.
For NPS, I have been using Diner black. have not tried this FY
For LIC, also can use the same if you have it to get 3.3% value. Paid using payzapp
HDFC is not giving any rewards on Govt spend -- so don't use DCB for NPS now.
You can try Amex. DM for referral and further details.
Doesn't FK axis CC give 1.5% CB on NPS and tax payments? It gave last year.
Not seeing option of paying insurance premium via apay balance as well as cc
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I want to pay LIC payment of 1.55L, can someone suggest which is best way by using below cards
Axis Ace
Axis FK
Axis privilege
Axis IOCL
HDFC Millennia
Icici Rubyx.
![Get Rs. 50 Amazon Pay Gift Voucher For Just Rs.30 [Selected Users]](https://cdn3.desidime.com/topics/photos/1782031/medium/amazon-hike-.png?1714404760)
for NPS use SC smart pay (2% cb - 1% fee = 1% net profit)
for LIC use Amazon pay
NPS can be paid only through e-NPS. All Axis card will give ZERO cashback (govt site). Amz Pay will give 1%.
@DeciDeaim
AU Lit card i would suggest to use the 2 Features, 5% cashback (this can be activated twice) and then 1x online transaction, we will have to do the transactions strategically
- Do the payment in 5 months
- Activate the second feature of 10x only once but do it strategically so that you can benefit it for 4 months instead of 3, you have to acitvate this later stage of the month to benefit this
- If you have HDFC Cashback you can benefit further
- in the below calculation i have also considered the fees