Best card for NPS Contribution

[Waynoway]

Last update: 10-04-24

• HDFC : Milestone benefits only ✅
• HSBC Cashback: 0% ✅
• AMEX Gold Charge: 1 MR/50 + Milestone benefits ✅
• AMEX SmartEarn/ MRCC: Milestone benefits only ✅
• AU Zenith: Milestone benefits only ✅
• AU Zenith+: 1% + Milestone benefits ✅
• ICICI APay: 1% ✅
• SC Smart: 2% ✅
• SC Ultimate: 2% (Govt. transaction)

Note: Mostly other cards from same bank works with varied reward rate and similar rule of exclusion.

Tip: IDFC, IndusInd, BOB provides better rewards using payzapp like prepaid card load (MCC: wallet) which you can use to pay NPS compared to direct payment where you'll get from 0.25% to 0.8% only on these cards.

For NPS payments MCC: 9399 (Govt. Services)

Do check both payment gateways Razorpay and Billdesk (above values are according to Billdesk gateway).

Also, do share missing cards rewards that you tried, will update accordingly.

PG Charges (with GST) on NPS website/app:

• VISA, Mastercard & AMEX = 0.885% (0.75% + GST)

Note: Above are for TIER 1. TIER 2 disabled credit card payments (based on latest available options).

If in doubt, always try test transaction and confirm with support. Things may chage any time, proceed with caution.

 

[SM24]

Amex stopped issuing points for NPS May/June 2022 onwards.
I took it up with them, when they credited for a May last week transaction and didnt for a June 1st week transaction
(If i recollect right).

They made a one time exception and credited points for the June transaction as well.

 

[V5689]

Does anybody used Magnus for NPS Tier 1 payment ? If yes, then could you please confirm transaction month and earned reward points on it.

 

[004archit]

View attachment 9029

I did not received my normal edge reward point of transaction done after 2 jan

 

[anirban.choudhuryanirban.choudhury is verified member.]

I did not received my normal edge reward point of transaction done after 2 jan

most probably you will get them today around 11:30 pm

 

[starstruck]

I got the 2% cashback using Axis Ace card yesterday.

 

[V5689]

I did not received my normal edge reward point of transaction done after 2 jan

I hope you haven't received points for any transactions after that as well.
I haven't received any points for transactions from Jan 5th.. They do it in bulk I guess

 

[cks]

For Edge Rewards, Axis Magnus can be used for NPS Tier 1 or Tier 2?

 

[V5689]

For Edge Rewards, Axis Magnus can be used for NPS Tier 1 or Tier 2?

Only for Tier 1. You can't use credit card for tier 2... Option only is not available

 

[V5689]

I did not received my normal edge reward point of transaction done after 2 jan

Axis have credited the RPs for past 2 weeks... Check now

 

[NAITIK14]

For tier 1, Which card is best? BOB Eterna or SC Ultimate? or any other better cashback?

 

[amitjena]

there is a offer going on AU zenith for a reward of 4000 points which equals approx 1000 on insurance or nps spends

 

[NAITIK14]

Best Card for NPS Tier 1 Investment

I Want to invest 50k to NPS, which is the best card for it? Few of my cards- HDFC DCB Axis Magnus Amex MRCC Amex Gold Charge Bob Eterna Sbi Vistara Prime Sbi cashback Indusind Legend If you have anything better, do share. Again, its for tier 1. @TechnoFino @Tejas

www.technofino.in

Bob eterna has rate for 3.75% or 0.375?

 

[Paritosh]

Last update: 14-01-23

Per 100:

• HDFC DCB = milestone benefits (>80k) only after 1st Jan, 23
• Axis Magnus = 1.2% (5% if >1L) ✅
• Amex MRCC = Milestone rewards (4x1500, 20K) only ✅
• Amex Gold Charge = Milestone rewards (6x1000) only ✅
• Bob Eterna = 0.375% ✅
• Sbi Vistara Prime = 2 CV
• Sbi cashback = 1% ✅
• Indusind Pinnacle/Legend = 0.5%-1.8% (depends on luck)
• Ace = 2% ✅
• Ultimate = 3.33% ✅
• Millennia/AmazonPay = 1% ✅
• Onecard = 1% (2 more categories needed in that calendar month) ✅
• Wealth/HSBC Cashback = 1.5% ✅

Note: AMEX considering it as Utilities, so no regular MR points only Milestone points. Didn't got any MR points (0 credited for 504.45) but will receive milestone rewards.

As per the information received from AMEX support, "For milestone related points, they will consider total spend amount (on any category)".

NPS Charges:

• VISA & Mastercard = 0.75%
• AMEX = 0.89%
• Rupay = (let me know).

✅ - Confirmed

Is that IDFC WEALTH on the last line of card listing? Will IDFC wealth get 1.5% ?

 

[NAITIK14]

1.5 points for 100 (=0.375 Rs. for NPS Tier 1)

Ok...so it wont count as 10x? BOB gives 1 x point only?

 

[raniphore]

Yes and even any SI ..Netflix subscription is giving 1%

I was surprised when Netflix SI gave 1%. Axis Ace gives 2% on Netflix SI. Do you know if Eterna will give 3.75% on Netflix SI ?

 

[PavanPavan is verified member.]

I was surprised when Netflix SI gave 1%. Axis Ace gives 2% on Netflix SI. Do you know if Eterna will give 3.75% on Netflix SI ?

Need to try eterna this month..Hope it will be 3.75 🙂

 

[Enthusiast]

I paid tier-1 contribution of 40K with Axis privelege card and not received any EDGE rewards...paid 40,354 Rs.. 354 rs got wasted....

 

[Enthusiast]

how many days completed since your transaction?

10 days and checked with the support team also, not eligible for edge rewards...

 

[Enthusiast]

Strange, for one card they're giving % and in the same bank for other card nothing. Did they told you which category NPS falls, so that will check in their excluded category list and verify?

Post in thread 'Best Card for NPS Tier 1 Investment' https://www.technofino.in/community/threads/best-card-for-nps-tier-1-investment.3369/post-105974

Check this is it showing same name in your trnasaction history.

No, I didn't ask for more details. they told that the transaction of 40,354 is not eligible for edge rewards.

 

[Enthusiast]

Login to this and check once, maybe they provide some reason or atleast 0 points.

EDGE REWARDS

edgerewards.axisbank.co.in

i don't see any 24th Jan NPS transaction