Amex for rent

[VB7]

Hi I have recently got the amex platinum card for paying rent under the impression that housing accepts amex for rent. Only to find out now that it accepts amex for education fees and people use this option to pay their rent.

I am concerned that if I do this and make the payment via education fees to my landlord or to my own account (and then UPI the money to landlord) then will it not show incorrect earnings on the landlord's or my pan card? I'm afraid it could lead to issues while filing ITR. Is there no risk attached here?

 

[Wealth is my birth right!]

Hi I have recently got the amex platinum card for paying rent under the impression that housing accepts amex for rent. Only to find out now that it accepts amex for education fees and people use this option to pay their rent.

I am concerned that if I do this and make the payment via education fees to my landlord or to my own account (and then UPI the money to landlord) then will it not show incorrect earnings on the landlord's or my pan card? I'm afraid it could lead to issues while filing ITR. Is there no risk attached here?

Yes the credits to your account will be treated as earnings
How much is ur ITR pls

 

[SSV]

Hi I have recently got the amex platinum card for paying rent under the impression that housing accepts amex for rent. Only to find out now that it accepts amex for education fees and people use this option to pay their rent.

I am concerned that if I do this and make the payment via education fees to my landlord or to my own account (and then UPI the money to landlord) then will it not show incorrect earnings on the landlord's or my pan card? I'm afraid it could lead to issues while filing ITR. Is there no risk attached here?

Step 1)
Load your MobiKwik using Plat Travel
you will incur ~ 3% charges for loading into MK,
some minor CB while loading using "Century" code.
1% CB for payment of CC bill using DC..

Step 2) Pay your into landlord's account directly from your MobiKwik Wallet. it is called UPI on Wallet( No charges for this)

After reaching milestones, you will be well infront..

ENjoy!!

 

[350modena]

Step 1)
Load your MobiKwik using Plat Travel
you will incur ~ 3% charges for loading into MK,
some minor CB while loading using "Century" code.
1% CB for payment of CC bill using DC..

Step 2) Pay your into landlord's account directly from your MobiKwik Wallet. it is called UPI on Wallet( No charges for this)

After reaching milestones, you will be well infront..

ENjoy!!

For now, the 1% CB on DC is on hold... Hopefully when amex comes into BBPS, it still gives 1% on DC!

 

[SSV]

For now, the 1% CB on DC is on hold... Hopefully when amex comes into BBPS, it still gives 1% on DC!

It will dont worry ..
In this particular case ,even without it, you are well infront ..

 

[350modena]

Step 1)
Load your MobiKwik using Plat Travel
you will incur ~ 3% charges for loading into MK,
some minor CB while loading using "Century" code.
1% CB for payment of CC bill using DC..

Step 2) Pay your into landlord's account directly from your MobiKwik Wallet. it is called UPI on Wallet( No charges for this)

After reaching milestones, you will be well infront..

ENjoy!!

Btw SSV, can this mobikwik wallet on UPI be used to pay someone via QR (UPI) code ?

 

[SSV]

Btw SSV, can this mobikwik wallet on UPI be used to pay someone via QR (UPI) code ?

Anyone . .

 

[350modena]

Anyone . .

Great ! . .

 

[Sriim]

After reaching milestones, you will be well infront..

ENjoy!!

How much do you consider the value of 1MR point?

 

[SSV]

How much do you consider the value of 1MR point?

there are many posts about the value of MR .. Please refer to those ..
Let us not make this thread as MR redemption valuation ..

 

[Sriim]

there are many posts about the value of MR .. Please refer to those ..
Let us not make this thread as MR redemption valuation ..

I understand that. Since you said you'll be well in front after milestones, I asked the value you had in mind. Not arguing

 

[SSV]

I understand that. Since you said you'll be well in front after milestones, I asked the value you had in mind. Not arguing

I would rate it ~@.50

 

[livinginalounge]

Step 1)
Load your MobiKwik using Plat Travel
you will incur ~ 3% charges for loading into MK,
some minor CB while loading using "Century" code.
1% CB for payment of CC bill using DC..

Step 2) Pay your into landlord's account directly from your MobiKwik Wallet. it is called UPI on Wallet( No charges for this)

After reaching milestones, you will be well infront..

ENjoy!!

Is this still working? and would it count towards both MR points and Amex Plat Milestone of 4L?

 

[vaibhav111vaibhav111 is verified member.]

Is this still working? and would it count towards both MR points and Amex Plat Milestone of 4L?

Yes.. amex doesn't exclude mobile wallet mcc

 

[350modena]

Is this still working? and would it count towards both MR points and Amex Plat Milestone of 4L?

Yes except the 1% CB on paying via hdfc DC... As amex is not on BBPS, cannot pay via portals for CB.

 

[vaibhav111vaibhav111 is verified member.]

Hi I have recently got the amex platinum card for paying rent under the impression that housing accepts amex for rent. Only to find out now that it accepts amex for education fees and people use this option to pay their rent.

I am concerned that if I do this and make the payment via education fees to my landlord or to my own account (and then UPI the money to landlord) then will it not show incorrect earnings on the landlord's or my pan card? I'm afraid it could lead to issues while filing ITR. Is there no risk attached here?

Since this month only I have done a trnx of 45k I can share my experience I was also under this impression too it will treated as income from other source or anything you wanna name or includ into but with that said in your amex plat travel there would debit entry and credit entry and in your saving account with that said another debit entry to the landlord or whoever you're sending the money too now take gst invoice too(may be without this you could in trouble I won't be cause whoever I'm sending money is issuing me gst invoice) at the same time cause for me it for my business. Overall 2 debit and one credit entry. Only loss is the charges will be offset by plat milestone whenever you redeem. So why not use rent option instead I don't know but amex isn't supported or what if I use mobikwik instead once again your had done vkyc right? They already have your pancard it same thing. Check your AIS for better understanding this time I would also check and see the difference not sure if it reflected in ais or something else I also have ignored doing this from past 1.5 yr for the same thing. This could backfir, but it shouldn't for salaried folk it should same thing be cause your expense are in your credit card statement.

 

[livinginalounge]

Yes.. amex doesn't exclude mobile wallet mcc

Thank you! Are you guys referring to Pocket UPI? Is that the option I need to activate ?

 

[vaibhav111vaibhav111 is verified member.]

Thank you! Are you guys referring to Pocket UPI? Is that the option I need to activate ?

Yes.. that the one

 

[SSV]

Is this still working? and would it count towards both MR points and Amex Plat Milestone of 4L?

Yes . it still works ..

 

[nikhilk21]

I used Housing app to pay my rent today. I paid under the 'Repairs' category and it went through. The fee is 3% and I got 1.5% back as cashback maybe because it was my first payment. Currently amex is acceptable for education and home service (repair, painting) categories.