Hot Deal

Best Credit card to do contribution of 50k for NPS & also pay 24k for LIC Premium- Please suggest fellow Dimers

1209°
Deal Cadet
itsmehd5

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

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
Deal Cadet Deal Cadet
Link Copied

for NPS use SC smart pay (2% cb - 1% fee = 1% net profit)

for LIC use Amazon pay

Benevolent Benevolent
Link Copied

NPS can be paid only through e-NPS. All Axis card will give ZERO cashback (govt site). Amz Pay will give 1%. 

Shopping Friend Shopping Friend
Link Copied

@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

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%
88 Comments  |  
43 Dimers
  • Sort By
Deal Captain Deal Captain
Link Copied

Following and giving visibility

Deal Cadet Deal Cadet
Link Copied

Following

Deal Cadet Deal Cadet
Link Copied

for NPS use SC smart pay (2% cb - 1% fee = 1% net profit)

for LIC use Amazon pay

Deal Cadet Deal Cadet
Link Copied
Any other cards apart from SC that give cb for NPS contribution? @amanpreetsaini004
View 16 more replies
Deal Cadet Deal Cadet
Link Copied

@sahil1033 Can you please suggest here / provide me a credit card which is useful for earning cb on LIC premiums & NPS payments?

Generous Generous
Link Copied

@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

View 2 more replies
Deal Newbie Deal Newbie
Link Copied

Maybe BOB snapdeal for NPS, some dimer previously said 

Deal Captain Deal Captain
Link Copied

How much discount after charges bro, if you have any knowledge

View 1 more reply
Finance Mentor Finance Mentor
Link Copied

SBI simply click...

Deal Captain Deal Captain
Link Copied
how much %rewards via this?
Crusader Crusader
Link Copied

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..

Deal Captain Deal Captain
Link Copied

Apay GV at what discount and from where using millenia?

View 6 more replies
Talk-Of-The-Town Talk-Of-The-Town
Link Copied

Pay with Amex MRCC and do 4*1500 for 1000 points and if 20K milestone achieved another 1000 points

Deal Subedar Deal Subedar
Link Copied

What abt 50k nps via infinia or bob eterna?

Deal Captain Deal Captain
Link Copied

Does eterna give 3.75%

View 1 more reply
Benevolent Benevolent
Link Copied

NPS can be paid only through e-NPS. All Axis card will give ZERO cashback (govt site). Amz Pay will give 1%. 

Deal Subedar Deal Subedar
Link Copied
Axis Atlas will give rewards till 20th April.

Not sure about Magnus
Deal Newbie Deal Newbie
Link Copied

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

Deal Cadet Deal Cadet
Link Copied
do i get 6% cashback using HDFC MILLENIA Debit card for az gv using payzapp?
View 2 more replies
Deal Subedar Deal Subedar
Link Copied

For nps how abt loading payzapp with eterna (3.75%) and using payzapp card on enps...will it work? Anyone having experience?

Deal Cadet Deal Cadet
Link Copied
+1
Finance Mentor Finance Mentor
Link Copied

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.

Deal Newbie Deal Newbie
Link Copied

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.

Deal Cadet Deal Cadet
Link Copied

Genuine feedback.. I agree with him

View 2 more replies
Cool Cool
Link Copied

Does any add on with au lit give a better deal in terms of cashback

Shopping Friend Shopping Friend
Link Copied

Au lit card is good for nps

For insurance is tata neu app good .?

Analyst Analyst
Link Copied

Welcome to Deal Majors' Club @bohra Saheb 🤗🥳✨

View 4 more replies
Deal Cadet Deal Cadet
Link Copied

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%)

Shopping Friend Shopping Friend
Link Copied

@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

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%
Deal Captain Deal Captain
Link Copied
Thanks and KG for the detailed info bro plus1
View 13 more replies
Deal Newbie Deal Newbie
Link Copied

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.

Deal Cadet Deal Cadet
Link Copied

I use amex mrcc to complete monthly milestone. 1500 - 4 transaction.

Deal Cadet Deal Cadet
Link Copied

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

Helpful Helpful
Link Copied

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.

Deal Cadet Deal Cadet
Link Copied

Doesn't FK axis CC give 1.5% CB on NPS and tax payments? It gave last year.

Deal Cadet Deal Cadet
Link Copied

Not seeing option of paying insurance premium via apay balance as well as cc

Deal Newbie Deal Newbie
Link Copied
SC ultimate card
Deal Cadet Deal Cadet
Link Copied

DELETED

Benevolent Benevolent
Link Copied
amazon pay icici cc gives rp for insurance Payment ? or any other cc gives rp. idfc Wealth, axis ace, axis fk etc.. ?
Deal Newbie Deal Newbie
Link Copied

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.

Like Magnet Like Magnet
Link Copied

Amazon pay is showing facing technical difficulties for LIC , and tata neu app is also not working for LIC , what shall I do?

replyuser
Click here to reply
Reply