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Doubts regarding HDFC Biz Black

HIMANSHU76888

TF Select
Q.1 if i pay advance income tax through the portal, do i have to pay the 0.8% transaction fee or hdfc compensates for the transaction fee on this card?
Q.2 i have monthly electricity bill of 1.25L (factory bill), can i pay that through the smartbuy portal and if yes then is there any utility charges charged on this card for the transaction or not?
 
Q.1 if i pay advance income tax through the portal, do i have to pay the 0.8% transaction fee or hdfc compensates for the transaction fee on this card?
Q.2 i have monthly electricity bill of 1.25L (factory bill), can i pay that through the smartbuy portal and if yes then is there any utility charges charged on this card for the transaction or not?
1. 0.8% will be added to transaction amount after settlement
2. not tried such a big bill amount thru smartpay* so no idea
 
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On the hdfc website it is mentioned that they charge 1% utility fees on transaction above 75000 for business cards. So that's why i am asking if there will be 1% utility fee on transaction of 1.25L electricity bill.
 
You will get max 7500 points on 56250 utility bill every month on SmartBuy.
3.33% base reward points on the excess amount
This is not correct.

Utility payments is not via Smartbuy. It can be made via Smartpay or Payzapp.

"Business spends" which includes tax payment has 7,500 accelerated points cap per statement cycle

Smartbuy has a separate 10,000 accelerated points cap per statement cycle

Total rewards points (base + accelerated) has 1,50,000 cap per statement cycle
 
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This is not correct.

Utility payments is not via Smartbuy. It can be made via Smartpay or Payzapp.

"Business spends" which includes tax payment has 7,500 accelerated points cap per statement cycle

Smartbuy has a separate 10,000 accelerated points cap per statement cycle

Total rewards points (base + accelerated) has 1,50,000 cap per statement cycle
All i want to know is if i can pay 1.25L electricity bill without any convenience/utility fee.
 
I have to pay approx 1.86 lakh as SAT till the 31st. I have just recieved my Biz black card. Should I pay the entire amount using this card as a single payment or break up and pay or use another method for amount above 56250?
 
I have to pay approx 1.86 lakh as SAT till the 31st. I have just recieved my Biz black card. Should I pay the entire amount using this card as a single payment or break up and pay or use another method for amount above 56250?
How do you break up payment of electricity bill?
 
I have to pay approx 1.86 lakh as SAT till the 31st. I have just recieved my Biz black card. Should I pay the entire amount using this card as a single payment or break up and pay or use another method for amount above 56250?
The question is whether the ~4360 reward points on the amount above 56250 (i.e. ~1.3 lakh) are worth the 0.8% surcharge (Rs 1038) for you? For most people they would be.
 
Hdfc platinum DC
Haven't they stopped cashback on it?
 
Haven't they stopped cashback on it?
No they have not.
 
do you get regular reward points on bizblack above 7500 accelerated points if a payment is made greater than 56k for gst?.

Eg:
if 2lakh payment is made for gst
7500 accelerated RP on 56k
5000 regular RP on remaining 1.5lakhs
 
do you get regular reward points on bizblack above 7500 accelerated points if a payment is made greater than 56k for gst?.

Eg:
if 2lakh payment is made for gst
7500 accelerated RP on 56k
5000 regular RP on remaining 1.5lakhs
Look at it this way, you get regular RPs on 2 lakhs.
4X rewards for Rs. 56250.

So you get 6666 regular RPs and 7500 accelerated RPs.
 
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