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Amazon Pay ICICI card Blocked

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ShreyansSethia

“Dear Customer,it is observed that your Amazon Pay ICICI Bank Credit Card is being used for commercial/business purpose. As per the T&C,we would be holding back the reward points for Feb’20 statement and your card will be blocked for further use. For details,call our Customer Care on 18001020123.”

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Deal Subedar Deal Subedar
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Dara diyaa yaar tumne too ☹️, bas card block naa kre ab sudhar jaaenge

Pro Critic Pro Critic
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@ShreyansSethia many people are speculating here. So at least you should answer.

You were doing high volume transactions… what exactly were you buying?
How much is your monthly credit card bill for APay ICICI card?
What do you think why did they block your card?

Deal Subedar Deal Subedar
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Yes this question is very important
We all need to know for not letting card block
I am too scared now, i have total 78k transaction this month, out of which 63k is on Amazon

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Deal Captain Deal Captain
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Bhai logs , how do you people manage such high value transactions with IT department , I often see posts of many dimers lending there cards to others for orders or using themselves for reselling gv’s or products , further do you people show all these income in you ITR ?

Deal Lieutenant Deal Lieutenant
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Someone should highlight about the income part, its barely 2 or 4% nothing more than that. And every dimer would attract for such things, bcoz AGvs have the highest demand, even if you stock it you can sell it easily. No one shows this income anywhere, even if asked dimers can easily say we sold in loss bcoz no one was buying.

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Mobile Guru Mobile Guru
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I couldn’t find anything related to “Apay CC usage for commercial/business purpose” in their Apay card T&C page
https://www.icicibank.com/terms-condition/tnc-f...
but the generic tnc page for ICICI Cards has it (Page 9)
https://www.icicibank.com/managed-assets/docs/p...

// The Credit Card is issued for personal expenses and purposes only. The Cardholder must not use the Credit Card to purchase anything for resale, for commercial or business purposes.
The Credit Card should be used only for lawful, bonafide personal purposes and must not be used for any money
laundering, anti-social or speculative activities or must not be exploited commercially in business
(e.g. for working capital purposes).
(m) If the Credit Card is found to be used for prohibited, restricted, commercial purposes or any purposes as mentioned above, ICICI Bank may, at its sole discretion, exercise its right to close the concerned Credit Card and additional/add-on cards thereof, without any notice to the Cardholder.
ICICI Bank has the right to enquire over phone or through other means of formal communication and ‘seek details, information, proofs, etc. about the Credit Card transactions, pattern of usage etc. and the Cardholder is contractually bound to provide the information sought by ICICI Bank, from time to time. Non- satisfactory responses or no responses from the Cardholder may lead to blocking/closure of the Credit Card by ICICI Bank. //

Deal Subedar Deal Subedar
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Many of us proudly written our Total Amazon cashback earned in 2019 and there was one guy with a huge number. What’s his take from this post?

Deal Cadet Deal Cadet
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My card blocked too, total limit was 2 lakh and usage was 4.8 lakh including gv, grocery, clothes and other items. I bought gv worth 4.2 lakh, as per icici i used my card for commercial activity and hence card permanently blocked and rewards on hold

Deal Subedar Deal Subedar
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4.2 lac gv??? 🙄
I think u are using to get 5% rewards and sell them at 2-2.5%

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Deal Subedar Deal Subedar
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Oh…my bill of 69k is due for payment…out of which 20k international transaction, 6k gv from Amazon…that too recently bought knowing the reward…my limit is 86k..hope they don’t block mine

Pro Critic Pro Critic
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You are fine. No worries.

Also, they had put a hold on rewards for blocked accounts. If you have already received your rewards for the last month then you are fine.

Amazon+ICICI are doing this because the rewards are way higher than other cards. So be careful in future with APay ICICI card.

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Deal Subedar Deal Subedar
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Instead of blocking they could have limited the maximum rewards based on credit limit per statement cycle just like indusind bank

Pro Critic Pro Critic
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They will probably do it now because it seems like many people were abusing it. In some Whatsapp groups people were bragging about 30k to 40k rewards and showing screenshots. And I was wondering how did they get that much rewards. Now I know.

Deal Lieutenant Deal Lieutenant
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Ek se badhakar ek durandhar apni shaurya ki gatha suna rahein hai yahan. Koi 2x limit, koi 4x, koi 50x limit utilize liye hue hai and I am enjoying without having apay icici card.
Aur koi hai 50x se jyada wala?

Critic Critic
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laughing laughing
Deal Cadet Deal Cadet
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One of my friend today showed me his Flipkart Axis CC statement with Rs. 45000 cash back earned, his cc limit is Rs. 115000 and for earning Rs. 45000, he had to spend Rs. 900000. I m truly surprised.

Mobile Guru Mobile Guru
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He has to spend 900000* (min)
Easily possible in 7 months smile
Edit: Is that 1 month earning?

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Deal Lieutenant Deal Lieutenant
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This is shocking, revelations in this thread made me think people spend so much for rewards, way above limit on these online shopping sites and surely hide tax on that. Even after that these companies are in loss.
Surely Indians are damn clever when the thing for loot comes. We can easily fool these amazon, Flipkart, icici, other banks and not to mention even themselves in the end by getting blocked.
So the lesson to be learn is don’t kill the golden goose. Utilise only till or less than limit and earn rewards and better safe than sorry.

Deal Cadet Deal Cadet
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guys this is really shocking… just for petty rewards points card customers are doing huge huge transactions and they are not serious about IT department…

IT department hits you when u are least expecting and they hit hard… they wont send u notices right away…

IT dept. sends demand notices after 2-3 years or even after 8-10 years when people have actually forgotten about huge transactions…

so better be ready with your CA to explain why u spent 20-30-40 lakh on ur credit card? and how come u paid the bill when your ITR is only 5 or 10 lakh?

this govt will not spare big spenders easily.. they have already started “project insight” india’s new tax tracker…

Analyst Analyst
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True.

However, in this case, it is claimed that:

taxes on net cb/profit earned – they were paid.
source of funds – reselling. taxes on net cb/profit paid.
petty profits – upwards of 75k on net basis assuming 10L spends per month and 2.5% profit rate. So not all that petty that way.

I guess IT dept may have no big issue mostly if ITR reflects such extra income and tax paid reflects in ITR. What say!! Just my logic/view…

But yes, shocking part i agree as multiple such elements there in the case:)

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Deal Cadet Deal Cadet
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I also see some dimers using NPS Tier 2 to convert credit card balance to cash to earn rewards and rotate money. NPS Tier 2 is supposed to be a savings account kind of product. smile

Critic Critic
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If more people start doing it then expect NPS to remove credit card option for payment as well just like many MFs/brokers did.

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Deal Cadet Deal Cadet
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@pentiumd @SunnyKh @rpal all i wanted to say is that, if a person can show valid income sources in their ITR then he can spend as much as he wants but just to earn reward points some guys r taking serious risks… i just wanted to say be careful with ur credit card spending..

@pentiumd saving 50 lacs in 10 years and spending 50 L in one year r different things… i spoke about CC bills specifically..

pls go through this news link and u will get the idea- there’s mention of rewards points

https://www.financialexpress.com/money/income-t...

Shopping Friend Shopping Friend
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Are they unblocking the blocked cards?

Shopping Friend Shopping Friend
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After seeing all these I’m quite surprised at what extend people can go without thinking about any consequences.

I think twice before transacting like ₹10k + which it seems is less than their daily transaction count.

Hope that no one gets IT notice pray

Helpful Helpful
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You can deal with IT, you just need to file the extra income as business income , maintain books of accounts, pnl and balance sheet
Any CA will prepare for 5k
There is nothing illegal in commission income

Helpful Helpful
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Also i got my card back however no blocked rewards will come

Helpful Helpful
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Replacement card also cancelled

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Shopping Friend Shopping Friend
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i too got my card back and rewards also showing there

Deal Lieutenant Deal Lieutenant
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Good to hear smiley

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Deal Lieutenant Deal Lieutenant
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So can I just buy bulk GV and resell and still get rewards ?

Deal Lieutenant Deal Lieutenant
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No blocked rewards will come back

Deal Cadet Deal Cadet
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Bhaiyo kaise card unblock hua, please tell me as I would do the same to unblock my card

Shopping Friend Shopping Friend
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Just called cc and told them to replace the card

Deal Captain Deal Captain
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As per Section 285BA of Income Tax Act this transaction is reported to Income Tax Department by Credit Card Companies.:
Credit card payments made by any person either in cash or by any other mode in a FY. Aggregating to Rs 1 lakh or more in cash or Rs 10 lakh or more by any other mode

So those paying Over 10 lacs enjoy future Income Tax Notices.

Super Stud Super Stud
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10 lakh per year?
1 card or sum of all cards?

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Deal Cadet Deal Cadet
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Anyone got the rewards for this month whose statement generates on 19th?

Deal Cadet Deal Cadet
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Yes

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Deal Cadet Deal Cadet
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yes

Deal Newbie Deal Newbie
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AMAZON PAY ICICI CREDIT CARD ka kya hua.. unblock hua kya.. mere sath bhi yahi hua card blocked same msg aaya. total limit — 60000 spend ker diya maine 2.5 lakh ka tech block ker diya.. any way to unblock and reactivate .

Deal Newbie Deal Newbie
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Bhai apka reward hold kar diya uske baad cashback aaya kya??

Helpful Helpful
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Credit cards are for personal usage only & not for running a business out of it…If anyone regularly keeps on exceeding their credit limits & buying the same stuffs repeatedly, they will detect it eventually & block the card because it would be pretty obvious to them that the customer is using the card for commercial & business purposes…And this holds true for other bank cards also…

Deal Lieutenant Deal Lieutenant
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@Sushrut.B @jagdeepgaba908 @Roushh I am unable to use my apay CC. Got a sms saying visa verification blocked due to multiple retry. But didn’t go anything illegal or reselling. Had placed 3-4 mobile orders for xyz person. Also when contacting icici they are saying card is not blocked. Its been crazy reaching banks CC these days
How can I check if card is blocked or not ? Suggestions @karanoshan @ShreyansSethia

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Deal Subedar Deal Subedar
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Are we still getting 5% cashback for GVs?

Deal Lieutenant Deal Lieutenant
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I hope so. How can we check this ?

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Deal Lieutenant Deal Lieutenant
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Can someone confirm on 5% on EGift cards ??

Deal Cadet Deal Cadet
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Guys plz suggest what would have been maximum savings if I spent Rs. 1.5 lacs on Amazon through payments without any Rewards.

Plz guide how to save in future if required.

Deal Cadet Deal Cadet
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What are benefits of these cards. Definitely there is a lot. To gain or earn we must risk something. Simply sitting at home in fear won’t get you money & fulfill needs. Arrange alternate ways or even pay some part of money earned through this. Either way no loss.

These are my views. I don’t blame anyone.

Deal Lieutenant Deal Lieutenant
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Dont take risk now a days, because replacement cards are very hard to get these days due to lockdown. My 2 cents. I was in shcok, when my Apay card was blocked. But now its working fine. Thanks everyone.

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