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Amazon removed credit card payment option for large amount Insurance premium payment

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Generous Generous
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Rather than blocking large transaction they should set limit per account as well as per cc card

Deal Subedar Deal Subedar
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For me, Amazon app not showing any Credit card for Insurance premium payment but website showing all Credit cards.

Critic Critic
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Not in my or friend's case, neither app nor website showing cc payment option.

Benevolent Benevolent
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I was gonna pay 60k around insurance through Amazon this month. RIP 🙏

Analyst Analyst
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rip- !?!
  • return if possible
  • rest in peace
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Generous Generous
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Why do you need to use CC for insurance payment from Amazon when you can pay insurance directly from insurance website and use CC without any charge?

Deal Subedar Deal Subedar
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Because most cards give 1% rewards or even less, whereas Apay Icici card on Amazon gives 2%

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Benevolent Benevolent
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Every year I see some of such post, which raises doubts regarding insurance payment. But when my time comes, I am able to successfully pay using card or voucher even for 1L+ amount. 

Critic Critic
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1 lakh is still possible using GV but cc payment is getting restricted it seems. Maybe in a couple of weeks it will be removed for all users.
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Deal Cadet Deal Cadet
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Any other platform allowing LIC insurance premium payment in 2 parts? Or multiple parts? Or even multiple modes (Eg.; GV+CC)?

Commentator Commentator
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How do you guys have so much premiums? Are these saving plans?
Deal Cadet Deal Cadet
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Yes bro. Jeevan ke saath bhi….Jeevan ke baad bhi😂

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Deal Subedar Deal Subedar
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Last month itself paid around 60k premium through Apay Gvs. Also earned 3k+ cb in the process blush

Commentator Commentator
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How did you get such high cb?
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Deal Cadet Deal Cadet
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One question @guest_999 , did u buy Amazon Pay GV from Amazon this month using CC?

Critic Critic
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Last GV I bought from amazon was in Feb that too via upi offer.

Finance Mentor Finance Mentor
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Had warned about this in December regards to partial or full removal of CC and apay balance, looks like men at work already...

Finance Mentor Finance Mentor
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I always keep AGV for planned usage for the next ~30 days + around 5k. + 2K ASV.

Since ASV is cheaper for me so I tend to utilise it for shopping. Having it in account helps me to do fast orders on mobile app for minor things.

Don’t keep more unless I get some offer of 10%+ on AGV, in that case I might look at 2 months ahead.

I have seen a  friend accumulating 50k AGV for LIC payment and LIC getting removed from amazon for a month long, rendering his accumulated GV to turn useless for that purpose.

Also always keep in mind, large sum of money will earn interest over long period or better if invested, which might be way better than the meagre discount received initially.

Critic Critic
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I am doing/suggesting this only since last year. Open a FD of required amt in any bank for 6-8% interest for 1 year & then pay the insurance premium next year using any best rewarding cc & then pay that cc bill using matured FD amt at that time. No tension/hassle of keep track of GVs/worry about new restrictions etc.

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Community Angel Community Angel
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Credit cards are not appearing even for 8k insurance premium. 

Deal Cadet Deal Cadet
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Any updates? Is CC option showing now?

Can one pay LIC premium through Amazon Pay GC?

Critic Critic
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Can't check now as premium already paid but gift card balance was available on amazon. Directly on LIC website payment via amazonpay balance option is also there I think but may not be available/working all the time.
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Deal Newbie Deal Newbie
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1 month back I tried to pay my LIC Premium of 27k with Amazon pay icici redit card to get 2% cashback but unfortunately they have not accepted to pay premium with Amazon pay credit card or with any of the credit card.

Deal Subedar Deal Subedar
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Cc option removed even for 1.5k lic bill payment

Mobile Guru Mobile Guru
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Every insurance Co allows premium payment thru credit card. So go to the insurance providers website and conclude it..

Deal Newbie Deal Newbie
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Use rupay credit card UPI option.

Deal Cadet Deal Cadet
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Not every bank supports rupay... I recently applied for hsbc bank CC qnd they denied it saying we only have Visa

Deal Newbie Deal Newbie
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Is Any Another Credit Card (Except Amazon Pay ICICI) Offers Cashback of 1% or 1.5% on Insurance? Give Credit Card Names...

replyuser
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