Best credit card for lic payment in December 2023

[sharma]

I know there are many threads on this, but now a days many things changed like Amazon stopped paying lic via credit card and etc.
So wanted to know what is the best way to make lic payment and get good cb

 

[paxauquabriba-4876]

lic idfc card ?

 

[sharma]

lic idfc card ?

I have already paid money using apay card

 

[Card_Crafter]

Buying APay Gift card using HDFC Millenia for 5% CB, then paying the LIC premium using that gift card balance.. Is this trick still working or not? Can someone confirm please.

 

[bbiswas]

I paid using amazon pay vouchers which I purchased using amex card from gyftr. You can use other cards like amazon pay to get vouchers from amazon itself & pay using amazon pay balance.

How much value do you get using an Amex card?

 

[sousnake]

How much value do you get using an Amex card?

Which amex card you have?
For MRCC you can buy 4*5k amazon voucher from amex rewards multiplier.
Yup get - 2800 points = 840 rs.

 

[sharma]

Buying APay Gift card using HDFC Millenia for 5% CB, then paying the LIC premium using that gift card balance.. Is this trick still working or not? Can someone confirm please.

Yes it is working ig

 

[bbiswas]

Which amex card you have?
For MRCC you can buy 4*5k amazon voucher from amex rewards multiplier.
Yup get - 2800 points = 840 rs.

Amex Platinum Travel

 

[sousnake]

Amex Platinum Travel

Then you can buy amazon voucher of amount you want from rewards multiplier. You get 3X reward points.
Also counts towards milestone of 1.9L & 4L.

 

[avikrish]

Then you can buy amazon voucher of amount you want from rewards multiplier. You get 3X reward points.
Also counts towards milestone of 1.9L & 4L.

How much amount we can load to Amazon pay wallet from gift cards and what is the max amount per lic premium transaction allowed in Amazon pay via Amazon gift card ?

 

[avikrish]

Yes it is working ig

What is the trick ? And maximum amount of gift cards that we can purchase, can you please explain

 

[sharma]

How much amount we can load to Amazon pay wallet from gift cards and what is the max amount per lic premium transaction allowed in Amazon pay via Amazon gift card ?

Till one lak, using gift card

 

[realjayt]

I paid using amazon pay vouchers which I purchased using amex card from gyftr. You can use other cards like amazon pay to get vouchers from amazon itself & pay using amazon pay balance.

Does this work in fetching 5% cashback? Apay gift card buying via Apay icici card!

 

[sousnake]

Does this work in fetching 5% cashback? Apay gift card buying via Apay icici card!

Apay icici card only gives you 2% on purchasing apay gift card via Amazon.
You need other card like hdfc millennia or amex mrcc or something which gives more than 2%.

 

[realjayt]

Apay icici card only gives you 2% on purchasing apay gift card via Amazon.
You need other card like hdfc millennia or amex mrcc or something which gives more than 2%.

Apay gift card from Amazon through Millennia CC, will it fetch 5%?

 

[shashankrt]

All those LIC neighbor uncles are the biggest scammers

LIC plans are made in such a way to make middle class more poor while they profit by investing in markets

Apart from tech term all plans are trash .
XIRR comes to 5-6 % and agents announce them as 10% returns

Well for most policies XIRR is worse than 5%. LIC is the most corrupt org in India with respect to cheating (indirectly) with customers.

 

[SamPtnk]

Well for most policies XIRR is worse than 5%. LIC is the most corrupt org in India with respect to cheating (indirectly) with customers.

Actually few years back they were really good my father has a pension scheme and it gives 9% assured for life time , this was pre 2014
You pay lumpsum and get 9% for life which was a really good value

Now a days it has become worst , scamming agents to not honoring claim

 

[shashankrt]

Actually few years back they were really good my father has a pension scheme and it gives 9% assured for life time , this was pre 2014
You pay lumpsum and get 9% for life which was a really good value

Now a days it has become worst , scamming agents to not honoring claim

Yes till about 2014 - 15 they were good. Suddenly not sure what happened and they are now a mess which no one should touch even with a 10 ft pole.

 

[BhaiyaJi]

All those LIC neighbor uncles are the biggest scammers

LIC plans are made in such a way to make middle class more poor while they profit by investing in markets

Apart from tech term all plans are trash .
XIRR comes to 5-6 % and agents announce them as 10% returns

For some maybe post tax 5-6% is better than debt investments?

 

[SamPtnk]

For some maybe post tax 5-6% is better than debt investments?

Maybe but keep in mind
Money has lost way more value due to inflation at 6% over last decade

 

[doomlord]

I loaded my apay voucher , now when I'm trying to pay it's showing LIC is having technical difficulties, what to do in this case?