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.

 

[helloworld]

I have the following cards, which one would be best to make the 50k NPS Payments?

1. HDFC Diners Black
2. AMEX Platinum Travel
3. AMEX Gold Charge
4. AMEX MRCC
5. SBI Cashback Card
6. ICICI Sapphiro (Mastercard + AMEX)
7. IndusInd Legend

Dcb paid or ltf?

If paid, able to achieve fee waiver within time?

how easy for you to achieve plat travel milestone?

 

[helloworld]

Does IDFC Vistara give points 6 CV or 1 CV for NPS?

idfc its govt. transaction. Rewards as per that.

 

[palen]

Does NPS fall under government payments?

For reference, https://cardmaven.in/social/d/93-cashback-comparison-cashback-millennia-flipkart-axis-ace-and-others

 

[panu24]

Does NPS fall under government payments?

For reference, https://cardmaven.in/social/d/93-cashback-comparison-cashback-millennia-flipkart-axis-ace-and-others

Yes NPS is under Govt spends

 

[Sisyphus]

Dcb paid or ltf?

If paid, able to achieve fee waiver within time?

how easy for you to achieve plat travel milestone?

DCB is LTF. But I don't want to put this on DCB now as later few months down the line there are bulk expenses, and will put those on DCB to meet spend criteria for Infinia (since it requires 7.5L in 6 months).

Thinking of putting NPS 50k on other cards only.

Platinum travel is slightly difficult considering I have to use SBI Cashback Card + Amex MRCC + Amex Gold monthly at least to a certain extent and to make majority of the spends / hit milestone by say May/June next year. Post which it will be fully DCB

 

[palen]

DCB is LTF. But I don't want to put this on DCB now as later few months down the line there are bulk expenses, and will put those on DCB to meet spend criteria for Infinia (since it requires 7.5L in 6 months).

Thinking of putting NPS 50k on other cards only.

Platinum travel is slightly difficult considering I have to use SBI Cashback Card + Amex MRCC + Amex Gold monthly at least to a certain extent and to make majority of the spends / hit milestone by say May/June next year. Post which it will be fully DCB

Umm then why would you list DCB?

 

[helloworld]

Does NPS fall under government payments?

For reference, https://cardmaven.in/social/d/93-cashback-comparison-cashback-millennia-flipkart-axis-ace-and-others

depends on bank... IDFC/HDFC - Govt.. AMEX - Utility

It also depends on payment gateway, two available for NPS. Do check and proceed.

 

[helloworld]

DCB is LTF. But I don't want to put this on DCB now as later few months down the line there are bulk expenses, and will put those on DCB to meet spend criteria for Infinia (since it requires 7.5L in 6 months).

Thinking of putting NPS 50k on other cards only.

Platinum travel is slightly difficult considering I have to use SBI Cashback Card + Amex MRCC + Amex Gold monthly at least to a certain extent and to make majority of the spends / hit milestone by say May/June next year. Post which it will be fully DCB

then Platinum travel

 

[Sisyphus]

then Platinum travel

Is the benefit for platinum travel similar to MRCC, only milestone benefits?

 

[helloworld]

Is the benefit for platinum travel similar to MRCC, only milestone benefits?

AMEX cards are meant to be for milestone benefits, for regular rewards there are better cards. Don't choose AMEX cards for 1MR/50 but for only 4x1500, 6x1000, 20k/m, 4L/y because then only you'll get better reward %.

 

[tanvi]

Axis Atlas is giving miles?

 

[prateekm03]

Has anyone used Kotak mojo for NPS?
I want to invest 50k, have below cards:
ICICI: Amazon pay, MMT Platinum, Rupay coral
HDFC: Millenia
Kotak: Mojo
Axis: Privilage, FK, ACE
Tried ACE with 1k transaction, 0 CB.

 

[helloworld]

Has anyone used Kotak mojo for NPS?

It works for both basic and milestone benefits, no exclusions in Kotak.

1% basic reward rate and extra 1.3% milestone reward rate. Not good, IMO but better than your other cards.

 

[prateekm03]

It works for both basic and milestone benefits, no exclusions in Kotak.

1% basic reward rate and extra 1.3% milestone reward rate. Not good, IMO but better than your other cards.

Thanks, will use mojo/amazon pay

 

[helloworld]

Thanks, will use mojo/amazon pay

As always, try small amount first and see because things are changing rapidly, don't know if anything changed this month (what I told is October thing). Kotak updates rewards after transaction settlement, so its easy.

 

[brightknight]

what about AU bank NPS offer? what card & payment gateway is offering?

 

[helloworld]

what about AU bank NPS offer? what card & payment gateway is offering?

All cards and I got from 'BillDesk' (Actually never used other gateway for any cards till now).

 

[brightknight]

All cards and I got from 'BillDesk' (Actually never used other gateway for any cards till now).

So, you got cashback for NPS investment? What card did you use and how much did you get?

 

[helloworld]

So, you got cashback for NPS investment? What card did you use and how much did you get?

Zenith, 5RP for 100 and Additional reward points as per on-going offer (which will work based on last year experience).

 

[mudit.sharma]

I am using SBI Cashback CC simple to get 50k towards 2L milestone. The 1% cashback componsate for cc charges on portal.

Is there a better way to invest in NPS using SBI Cashback CC?