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.

 

[Dash]

Amex cards dont give any rewards for NPS contribution. Only it will add to milestone benefit.

 

[R!ppEr]

Amex cards dont give any rewards for NPS contribution. Only it will add to milestone benefit.

Getting 1000 pts for spending 6k is still a good deal. missing out on extra 120 pts is okay i guess

 

[Zacobite]

MRCC+ Platinum Combo is great for NPS... Pay in splits of 1500 x 4 for NPS per month.. Points get added to common account and value cane be derived at Platinum card value

 

[Walter White]

Getting 1000 pts for spending 6k is still a good deal. missing out on extra 120 pts is okay i guess

If Amex considers NPS under utilities, why are no points being credited for it, as Gold has no restrictions on utility spends?

 

[Wealth is my birth right!]

If Amex considers NPS under utilities, why are no points being credited for it, as Gold has no restrictions on utility spends?

Gold I own it’s different criteria we get rewards for fuel too

 

[bismaj]

but you won't get normal points now on MRCC for nps transactions.

yes normal points are not there but still if u spent just above 20k u get 2000 MR points which is quite great compared to other cards.

 

[satviksehgal]

Gold I own it’s different criteria we get rewards for fuel too

true. MRCC does not give points.

gold charge gives for almost everything except insurance.

 

[Chupaxabra]

Would HDFC Tata Neu RuPay CCUPI give 1.5% cashback for NPS with no charges?

I have the same question. Government-related spends are not eligible for NeuCoins, so question essentially is: Does HDFC recognise NPS spend as Government spend?

 

[himanshuhans]

if we buy gold from MRCC then we will get MR points and will it be counted towards 20K milestone?

 

[pranayordia]

DCB is still giving RP's for NPS transaction and whether the transaction is considered for monthly milestone or not?

 

[Chupaxabra]

- https://www.technofino.in/community/threads/best-card-for-nps-tier-1-investment.3369/post-119294

- https://www.citibank.com/tts/solutions/commercial-cards/assets/docs/govt/Merchant-Category-Codes.pdf

Thanks, so seems like NPS is a govt spend, so Tata NeuCard will not fetch any rewards on it.

 

[Wealth is my birth right!]

Thanks, so seems like NPS is a govt spend, so Tata NeuCard will not fetch any rewards on it.

Yes neu excludes govt as well as school fee too right

 

[Chupaxabra]

Yes neu excludes govt as well as school fee too right

Not sure about school fees. Doesn't seem to be any education exclusion though.

 

[Jyoti Prasad]

Can BOB snapdeal credit card be used and get 2.5℅cashback?

 

[Jay285]

is Axis Flipkart CC still giving 1.5% cashback on NPS transaction after revising the term & conditions after 5-March-2023?

 

[Deleted member 9785]

IMP ADVICE - With new tax regime NPS wont get tax benefits. Till your NPS balance is less than 2.5 lacs you can get back lumpsum after 5 years. So be careful of breaching the 2.5 lac limit or u will be stuck till retirement

 

[Paritosh]

is Axis Flipkart CC still giving 1.5% cashback on NPS transaction after revising the term & conditions after 5-March-2023?

https://campaign.axisbank.com/generic/fk-reward-system-revision-tnc.pdf

Are you talking about these terms? I couldn't find MCC for the earlier transactions so could not comment.

IDFC card is still giving 1.5% rewards

 

[Jay285]

I was also not cleared after reading the new T&C. So I thought that Axis will count NPS as Utility bill payments / insurance premium payments and will not give any cashback for NPS transavtion.

https://campaign.axisbank.com/generic/fk-reward-system-revision-tnc.pdf

Are you talking about these terms? I couldn't find MCC for the earlier transactions so could not comment.

IDFC card is still giving 1.5% rewards

 

[helloworld]

Last update: 20-03-23 // No longer valid and some exclusions kept by some banks.

Per 100:

• HDFC DCB = milestone benefits (>80k)
• Axis Magnus = 12 RP per 200 (+25000 RP if >1L) (View attachment) ✅
• Amex MRCC/SmartEarn = Milestone rewards (4x1500, 20K) only ✅
• Amex Gold Charge = 1RP per 50 + Milestone rewards (6x1000) ✅ (View attachment)
• Bob Eterna = 0.375% ✅ View attachment 12103
• Sbi Vistara Prime = 2 CV
• Sbi cashback = 1% ✅
• Indusind Pinnacle/Legend = 0.7% ✅ View attachment 12102
• Ace = 2% ✅ View attachment 12104
• Ultimate = 3.33% ✅
• Millennia/AmazonPay = 1% ✅
• Onecard = 1% (2 more categories needed in that calendar month) ✅
• IDFC Wealth/HSBC Cashback = 1.5%
• AU = 1.25% (+ milestone benefits 2L/Quarter) ✅

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 received 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 (with GST):

• VISA & Mastercard = 0.89%
• AMEX = 1.05%
• Rupay = ?

✅ - Confirmed

 

[Walter White]

• Amex Gold Charge = Milestone rewards (6x1000) only ✅

Received normal points on NPS on Amex Gold