Summary of Amazon Pay Wallet Charges & Cashback
Transaction Details:
Final Calculation:
Thank you for reading. I know this might not make much sense, but I had to ask anyway because I've been missing out on any reward points/cashback on my Amex bill. I'm aware of RBL and some debit cards, but opening an account and going through so many pages isn't my thing anymore, especially with things changing so fast these days.
This would be my second-to-last payment since the 4L limit will be reached next month. Are there any other ways to earn reward points/cashback? I've heard about Axis Liberty. So @SSV, should I open an Axis account just for two payments of 1.3L and 74K? I've also seen mentions of an SBI debit card, but I can’t remember the details. Thanks again for the suggestions.
- Amazon Pay Wallet Charges:
- Amazon Pay Wallet charges 2.36% on top-ups.
- ICICI Amazon Pay Card provides 1% cashback for Amazon Wallet loads.
- Effective net loss on Amazon Pay Wallet loads: 1.36%
- Transaction Calculations:
- IDFC Limit: Up to ₹50,000 is charged at 1%, beyond that, it's 2.5%.
Transaction Details:
First Transaction (₹21,076)
- Wallet Charge (2.36%): ₹497.39
- Amazon Cashback (1%): ₹210.76
- Net Loss: ₹497.39 - ₹210.76 = ₹286.63
Second Transaction (₹1,13,000)
- Wallet Charge (2.36%): ₹2,666.80
- Amazon Cashback (1%): ₹1,130
- Net Loss: ₹2,666.80 - ₹1,130 = ₹1,536.80
IDFC Cashback
- First ₹50,000: 1% cashback = ₹500
- Remaining ₹84,076 (at 2.5%): ₹2,101.90
- Total IDFC Cashback: ₹500 + ₹2,101.90 = ₹2,601.90
Final Calculation:
- Total Charges: ₹497.39 + ₹2,666.80 = ₹3,164.19
- Total Amazon Cashback: ₹210.76 + ₹1,130 = ₹1,340.76
- Total IDFC Cashback: ₹2,601.90
Thank you for reading. I know this might not make much sense, but I had to ask anyway because I've been missing out on any reward points/cashback on my Amex bill. I'm aware of RBL and some debit cards, but opening an account and going through so many pages isn't my thing anymore, especially with things changing so fast these days.
This would be my second-to-last payment since the 4L limit will be reached next month. Are there any other ways to earn reward points/cashback? I've heard about Axis Liberty. So @SSV, should I open an Axis account just for two payments of 1.3L and 74K? I've also seen mentions of an SBI debit card, but I can’t remember the details. Thanks again for the suggestions.
