UPI credit card earning more than 500rewards

[humptydumpty]

i noticed i got more than 500rewards in a month ,are u guys sure 500 limit is there for rupay upi cc transactions?hdfc regalia rupay cc

 

[partritronix]

i noticed i got more than 500rewards in a month ,are u guys sure 500 limit is there for rupay upi cc transactions?hdfc regalia rupay cc

I got 1235 reward points for the month of March'23.

 

[kushhh]

On Paper it is 50k. Practically from
Rs.1 Payment, it is counted under P2M.

Paytm has started classifying Payments in P2M and P2PM.

For Paytm Merchants, who have Business Account and enabled Instant Settlement I.e, Payment made by you via UPI on such Merchant QR will directly hit Merchant's Bank Account and such Paymensts will go in P2PM category. Therefore txns via Bank Account will get successful but txns via Rupay Credit Card will get Declined .

For Paytm Merchants who have Business Account but Payments are settled either in batches or next day, Payment made by you via UPI on such Merchant QR will directly hit Paytm Business Account and then Paytm Transfers it to Merchant's Bank Account either in Batches or next day as opted by the respective Merchant and such Payments will go in P2M Category.

If your not able to pay to any paytm merchant via RUPAY CC UPI who have a business Account then ask him to disable Instant settlement and enable automatic settlement.

So if i use that to transfer money back to my account, will there be any issues.
Is the merchant is on my pan , and card also on my pan

 

[VISHESH_BANSAL]

So if i use that to transfer money back to my account, will there be any issues.
Is the merchant is on my pan , and card also on my pan

I will recommend avoid it.
If you transfer money from Rupay CC UPI to your own paytm merchant Account, in statement your name will appear and Bank will easily identify you are transferring money in to your own Account.

 

[kushhh]

I will recommend avoid it.
If you transfer money from Rupay CC UPI to your own paytm merchant Account, in statement your name will appear and Bank will easily identify you are transferring money in to your own Account.

For me merchant name is not same as my name .

But will there will be any tax implications related to that?

 

[VISHESH_BANSAL]

For me merchant name is not same as my name .

How is it possible?
Paytm now changed the Merchant Name to the Name as per PAN Card.

But will there will be any tax implications related to

For Small txns it is fine.
If you are going to do high value txns Avoid it

 

[kushhh]

How is it possible?
Paytm now changed the Merchant Name to the Name as per PAN Card.

But for me it's showing my wife name , but that has my pan linked to it .
I can see that in Unsettled Transaction in HDFC app , does it change after it gets settled?

 

[kushhh]

For Small txns it is fine.
If you are going to do high value txns Avoid it

Will not cross above 10-20k in any month

 

[kushhh]

For me merchant name is not same as my name .

But will there will be any tax implications related to that?

@CA Karan Agarwal

 

[VISHESH_BANSAL]

But for me it's showing my wife name , but that has my pan linked to it .
I can see that in Unsettled Transaction in HDFC app , does it change after it gets settled?

No. It will remain same but this is unusual that Name is different from Name on Linked PAN Card

Will not cross above 10-20k in any month

Since you have tagged the right person, he will be able to clarify in detail

 

[kushhh]

No. It will remain same but this is unusual that Name is different from Name on Linked PAN Card

Since you have tagged the right person, he will be able to clarify in detail

Thanks

 

[Surendra]

Currently we r getting
Not sure about future
However for regalia no cap
That 500 for tata rupay cards only

I called customer care for regalia rupay varient but they rejected and said that they don't issue regalia in rupay varient. What should I do?

 

[4uziaul]

I called customer care for regalia rupay varient but they rejected and said that they don't issue regalia in rupay varient. What should I do?

Don't call them they are useless 😂

Mail here: Grievance.Redressalcc@hdfcbank.com

And tell them you know many people have got this card and you want the same.

 

[Rishi52]

I called customer care for regalia rupay varient but they rejected and said that they don't issue regalia in rupay varient. What should I do?

Ask them for closure of credit card account. Once you get a call from retention team, ask them to either close the credit card or convert the visa to rupay variant.
I asked them this way and it worked !!

 

[4uziaul]

Ask them for closure of credit card account. Once you get a call from retention team, ask them to either close the credit card or convert the visa to rupay variant.
I asked them this way and it worked !!

This always doesn't work for everyone, this is HDFC 😂 they won't even bother and simply close the credit card.

 

[Abhishek012]

I called customer care for regalia rupay varient but they rejected and said that they don't issue regalia in rupay varient. What should I do?

This week one more person got RuPay Regalia.

first, HDFC bank denined RuPay Regalia is exist through email. He send physical RuPay Regalia card image proof then HDFC bank issue him RuPay Regalia CC.

 

[Rishi52]

This always doesn't work for everyone, this is HDFC 😂 they won't even bother and simply close the credit card.

I don't know. When I recieved their call, they asked me the reason for closure. I told them that Iwanted to convert it to Rupay variant. They accepted without any delay.

I guess it's worth a try !!

 

[kushhh]

@CA Karan Agarwal

Is fak* Education payments to self account more susceptible for IT not*ce, or fak* merchant account payments to self account
@CA Karan Agarwal

 

[MJN]

Can you pls confirm whether the cap of 500 points for UPI applicable for Rupay Regalia also?

500 capping is on all rupay card spends in UPI.

https://www.hdfcbank.com/personal/rupay-cc-on-upi

Please check point 18.
Currently the capping is not implemented yet

 

[Abhishek012]

Can you pls confirm whether the cap of 500 points for UPI applicable for Rupay Regalia also?

Currently, 500 points for UPI transaction is not implement yet but reward points for UPI transaction eligible only on selected categories merchants.

you can also get Regalia milestone benefit and annual fee wavier benefit using UPI spend.