Nps contribution by credit card

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Deal Lieutenant
flash007

which credit card gives cashback on NPS tier 1 contribution?

please name the card along with the cashback rate

eg:

amazon icici credit card - 1%

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Generous Generous
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Ultimate is the best card, gives 3.3% valueback do via payzapp. 

Deal Subedar Deal Subedar
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which card is this ?

Generous Generous
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@amdoinggood123 SC Ultimate card
Finance Mentor Finance Mentor
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@flash007 No deduction applicable under NTR. OTR is only better now if your total deduction includes home loan interest/ all deductions are more than 3.75L
Deal Lieutenant Deal Lieutenant
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@Ramta_Jogi yeah, I believe NPS tier 1 was never allowed in the New tax regime. Isn't that the case?
Anyway, I am interested in the Old tax regime only. (Having 9-10L deductions)
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Finance Mentor Finance Mentor
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IDFC Wealth, imo

Benevolent Benevolent
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Depends on the spends. See the above post for detailed analysis.

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Deal Lieutenant Deal Lieutenant
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guys please add detail in simple language like this:

amazon icici credit card - 1%

Benevolent Benevolent
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How much is your monthly contribution?
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Generous Generous
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Ultimate is the best card, gives 3.3% valueback do via payzapp. 

Deal Subedar Deal Subedar
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which card is this ?

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Helpful Helpful
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Points earned via Ultimate CC are 1:1 redeemable for specific value GVs from SC 360 degree rewards portal. The list of vouchers doesn't include Amazon / FK etc. Has Uber/Vistara coupons among others.

There is no other redemption avenue.
Finance Mentor Finance Mentor
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Thanks karma given.
Really bad redemption options for such a premium card.

Also after digging in a bit, learned that SC had devalued points earning on this Ultimate on few categies few months back:
Transactions on Utilities, Supermarkets, Insurance, Property Management, Schools & Government payments will now earn 3 reward points on every INR 150 spent.​
Which means Ultimate will give 2% as limited vouchers if used directly for NPS.
@JAYM was this the reason why you asked to use via PayZapp ? I mean loading payzapp wallet gives 3.3 % ? Or any other method?
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Deal Cadet Deal Cadet
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I think the best option is to use RBL play credit card every month by Rs 5000 and get Rs 500 worth free movie tickets...

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