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.

 

[b4bhar]

Amex MRCC fee is too high. I already have other paid cards. Dont you have to pay 300 per quarter for AU Lit?

For AU LIT -

30k investment in 3 months with 10k each per month as the max cashback for milestone spends is 500 ( 5% of 10000).

So, i can get 1500 cashback from the 30k investment using AU LIT card. If i exclude the 1% fee and the product feature fee which is 1500-300(1% fee) -352 (product feature + gst)= 847 is the net profit here.

 

[roygarg]

its all about how much you're getting back after recovering fee. which needs spends and which help you achieve the target.

MRCC fee: 1500 (and FYF) + waived if spent 1.5L in a year with return around 5%+ (depends on options it can also reach 8%).

AU Lit, on careful planning and spending provide you 8% cashback - look for AU Lit thread for detail calculations.

Again, as mentioned 1500 is high but 1.5L is eay to achieve if proper planning and spends are there. Otherwise ignore and continue LTF cards.

Also Airtel need 2L spends which is higher than MRCC?

And airtel gives 12% cumulatively if spent 102000 (max limit all major categories) then you have to pay fee 500 which reduces to 11% or if spent remaining 1L to get the fee waiver it will reduce even further (6.5%). Know when to stop and spend on cards to get best reward rates.

For AU LIT -

30k investment in 3 months with 10k each per month as the max cashback for milestone spends is 500 ( 5% of 10000).

So, i can get 1500 cashback from the 30k investment using AU LIT card. If i exclude the 1% fee and the product feature fee which is 1500-300(1% fee) -352 (product feature + gst)= 847 is the net profit here.

I am considering the LIT. Pay the fees for 2 quarters and invest 5x10k in NPS. Repeat the same next year as card is anyway LTF. It is confirmed that cashback is being given for NPS contributions right?

 

[b4bhar]

I am considering the LIT. Pay the fees for 2 quarters and invest 5x10k in NPS. Repeat the same next year as card is anyway LTF. It is confirmed that cashback is being given for NPS contributions right?

Yes, it is under 5% cashback category.

 

[350modena]

I would say get amex MRCC or AU LIT card and activate the 5% cb feature.

How does using the MRCC help? To activate the 1500x4 or 20k a month benefits?

 

[b4bhar]

How does using the MRCC help? To activate the 1500x4 or 20k a month benefits?

Do 20k investment in a month by making 4 transactions with at least 1500 or above. You get 2000 MR points.

 

[350modena]

Do 20k investment in a month by making 4 transactions with at least 1500 or above. You get 2000 MR points.

Got it. But no MR points for the transaction itself (50 pts 1MR) right.

 

[helloworld]

Got it. But no MR points for the transaction itself (50 pts 1MR) right.

Post in thread 'Best card for NPS Contribution' https://www.technofino.in/community/threads/best-card-for-nps-contribution.2996/post-670566

 

[techwicky]

I see that e-NPS portal is not accepting AMEX anymore from Raorpay gateway! I paid using Amex Gold last month, but today seeing this "Amex not supported error". Can someone confirm?

 

[roygarg]

I see that e-NPS portal is not accepting AMEX anymore from Raorpay gateway! I paid using Amex Gold last month, but today seeing this "Amex not supported error". Can someone confirm?

Use billdesk gateway.

 

[sousnake]

I see that e-NPS portal is not accepting AMEX anymore from Raorpay gateway! I paid using Amex Gold last month, but today seeing this "Amex not supported error". Can someone confirm?

afaik it only worked on billdesk. I have always used this only.

 

[saurabhduasd]

afaik it only worked on billdesk. I have always used this only.

Yes, NPS site swapped the position of Razorpay and billdewsk sometime back , earlier billdesk was first . Amex works on billdesk

 

[Avinash.Mishra]

I see that e-NPS portal is not accepting AMEX anymore from Raorpay gateway! I paid using Amex Gold last month, but today seeing this "Amex not supported error". Can someone confirm?

Amex works I made contribution using Amex Plat Travel few days ago

 

[virat#889]

true. MRCC does not give points.

gold charge gives for almost everything except insurance.

Hi
I can pay through any gateway (billdesk or razorpay) in gold card for getting points MR rgt?

 

[roygarg]

Hi
I can pay through any gateway (billdesk or razorpay) in gold card for getting points MR rgt?

You wont get mr points. Only milestone points

 

[VikasBhindwar]

Hi
I can pay through any gateway (billdesk or razorpay) in gold card for getting points MR rgt?

Only through Billdesk

 

[helloworld]

Hi
I can pay through any gateway (billdesk or razorpay) in gold card for getting points MR rgt?

billdesk gives 1 MR/50. but, again

Post in thread 'AMEX MRCC vs AMEX Gold vs AMEX Travel vs AMEX Reserve'

Oct 20, 2024

AMEX cards are primarily designed for milestone benefits, not regular rewards. The milestone rewards offer a much higher percentage return, making them more valuable than regular rewards. Therefore, it is best to apply for AMEX cards only if you can achieve the milestone targets. Otherwise, the cards may not be worth it.

Don’t focus on the lack of regular rewards and risk missing out on better benefits. Here’s why:

Example (Assuming 1MR = ₹0.30):​

• Option 1: Regular reward rate = 0.6% return.
• Option 2: Milestone reward rate = 6% return.

Personal...

• helloworld

• 

 

[helloworld]

You wont get mr points. Only milestone points

1 MR through billdesk for gold charge.

 

[roygarg]

1 MR through billdesk for gold charge.

My bad. I dont know why i misread that as mrcc.

 

[helloworld]

My bad. I dont know why i misread that as mrcc.

anycase, if one using these cards for 1 MR, then they're loosing higher % with any card in this category. Both mrcc, gold or infact any amex card meant for milestones only.

 

[avikrish]

Amex works I made contribution using Amex Plat Travel few days ago

Via Bill Desk there are transactions charges via credit card 0.75% + GST and also its not same day NAV , Can you tell me how much net return we can achieve by paying via amex mrcc ?