Advice Needed- Best way of Insurance Premium Payment of 41k
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Hi Dimers,
Could you guys please suggest best possible way of payment of LIC Insurance Premium - 25k & 16k respectively, so that maximum cashback/ discount can be received?
Have Credit cards from all the major banks- Axis Ace, Amazon ICICI, HDFC Regalia, FK Axis, ICICI Sapphiro, IDFC Select etc.
Kindly let me know the best advice ..TIA!!
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Check trading section for 2-3% discount on Amazon egv
Axis freecharge credit card will fetch 5%, (although it will charge 1% + gst on premium amount).
Have you personally tried it recently?
Smartbuy hdfc regelia can earn 5x rp,
Op you can buy upto 10k only. 1.25+gst charges are there on amazon egv
Use intermiles and get 5% discount on Amazon GV with miles, Miles can be earned by surveys
@guest_999 @Ramta_Jogi @sendhil.warrior304 @Seinfeld
Need suggestions guys!
I just use Infinia for all payments. From 150 rupees upwards.
From your existing cards
Load AGV via regalia smartbuy route. Then pay the rest using ICICI APay card.
If your payment is next month then you can get 10+10k AGV @ ~3.5% off in SB using regalia.
Additionally if you can, the millennia DC might be easiest to get your hands on. If you already have an existing hdfc dc use that for AGV from a different SB account and then do a change request to millennia dc (in case it’s free for your hdfc account). Millennia dc will give a bit better CashBack on SB, use it on another SB account. I think in this way you can accumulate your full needed AGV at good discount.
Best & most hassle free option for future reference, open a 1 year FD of 38k today at 8.2% interest rate in Equitas bank & same time next year pay the insurance premium using any cc then pay that cc bill using the matured FD amt.
@guest_999 That's for next year bro...What about this year payment i.e. April'23
Will Amazon Pay ICICI fetch 2%?
Also Axis Ace- Will that fetch 2%?
What about 5% with hdfc millennia through amazon upto 1000 points rewards and also 2% on axis ace through amazon
Next time , Apply for Axis Bank LIC signature Credit card. It is LTF and it provides a flat 2% CB on LIC premium payment without any cap. I also use the same.
Guys I need to pay lic premium what's the best way - i've 2 cards Amazon Pay Icici and HDFC Millenia? Any suggestions
Amazon pay icici 2% via Amazon