Best way to earn cashback on LIC premium payment of 1.5 lacs
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Hi Guys,
Can someone suggest the best way to earn cashback on LIC premium payment of 1.5 lacs
Cards available - HDFC Millenia CC, Axis Flipkart, SBI Cashback, SBI Simply click, Amazon ICICI, IDFC First Wealth
I have used SBI simply click till last year, it provides 2.5% CB + 1000 Cleartrip milestone voucher, looks like this is the best option now as well since all other cards do not give enough CB on insurance payments.
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HDFC Millenia CC - Amazon Voucher Rs. 20,000 @ 5% = 1000 CB
SBI Cashback - Amazon Voucher - Rs. 35,000 @ 7.85% (Yono and SBI Card Gyftr) = 2750 CB
( Limits are per Calendar Month, so next Month (after 3 days) same can be availed second time)
So, total AZ Voucher - 1,10,000.00
Rest 40,000 AZ Voucher can be purchased directly from the Amazon Website using Amazon ICICI Card SBI CB CC @ 5% = 2000 CB
SBI CB - DEC | 35000 | 2747.5 |
SBI CB - JAN | 35000 | 2747.5 |
HDFC Mil - DEC | 20000 | 1000 |
HDFC Mil - JAN | 20000 | 1000 |
|
40000 | 2000 |
+ Amazon Gift Voucher Offers as applicable.
Average 6.33% with this tedious way.
Specially SBI CB Card getting blocked on Gyftr and HDFC Millennia - Wait for 2/3 months for the CB.
All of this will work only if Amazon LIC Payment is allowed in Parts/Separate Policies, as they do not allow Payment above Rs. 9999 through GC balance.
Policy Payment of more than 1 Lac is possible through Amazon Pay Balance as confirmed by many dimers.
For a safer side, pay using different Amazon Accounts. 😜
Amazon ICICI Card gives 2% only on amazon gv
Does ICICI Amazon card gives 5% on Amazon pay voucher?
Yes more than 1 lac payment is possible via amazon
@whyred , @Random123 , @hg916 , @Andhra_Abbayi , @1cooldesidd , @Tanmayyy
I was not aware that Bill Pay and Policy Payment has different limits, so messed up 😛 Thanks all for the correction.
Using same SBI CB CC using multiple mobile number looks risky to me when the OP already has many cards/ways available. So suggested that way.
Here, Using SBI CB CC rather ICICI Amazon is also a better option, I don't remember the exact thread but I guess on DD only I read somewhere that ICICI Amazon fetches 5% CB on GC. 😬
Thanks all, I corrected the post. 😄
How does SBiI simply click give 2.5% ? Please help explain @arindamb89
5x reward points for online transactions (will pay directly on lic portal) which equals to 1.25% + 1000 Cleartrip voucher + fee waiver
This will be close to 2% cashback overall
How to get 5% using hdfc millennia?
Best way to pay for star health insurance??? I m paying 3 yr in advance.. company giving 10%discount.. total for 3 yr its coming around 95000.i have icici amazon pay,hdfc regalia, idfc select, axis flipkart& airtrl axis and amex mrcc, sbi irctc rupay cc.. can sumone guide me best way to pay95000
Axis Freecharge CC gives 5% ,but not sure will it allow payment of 1.5 lacs in single transaction