Best credit cards for taxes payment (like GST and income tax)?

[divyam_taparia]

With the recent devaluations to axis bank cards i'm in search of a new credit card for tax payments? I want to pay taxes using direct government websites and not gateways like phonepe etc
Also I have no included amex CC in discussion as I don't think they are accepted directly on government portals.

I have come across two which i found to be lucrative.

1. SBI vistara card - 4CV points per 200 spend (2%). Payments processing fee when using income tax website around .91% so effective reward rate of 1% in case ur able to extract 1:1 on miles.
2. HSBC Premier card- Redeemable at 4 transfer partners in 1:1 reward ratio. I would have gotten this but only catch is there's no branch in my city and you need to have a premier account with them.
3. Can someone suggest any better cards out there?

 

[yuvaneshmohan]

You can try scapia to get 2% value back

 

[creditcardkakida]

Redemption options? Hardly any worthy vouchers .

Nahi Mamu se Kana Mamu achchha ... Haven't you heard... 😂😂

 

[HumorSimpson]

Nahi Mamu se Kana Mamu achchha ... Haven't you heard... 😂😂

Instead we can use different card for better rewards

 

[drsel]

With the recent devaluations to axis bank cards i'm in search of a new credit card for tax payments? I want to pay taxes using direct government websites and not gateways like phonepe etc
Also I have no included amex CC in discussion as I don't think they are accepted directly on government portals.

I have come across two which i found to be lucrative.

1. SBI vistara card - 4CV points per 200 spend (2%). Payments processing fee when using income tax website around .91% so effective reward rate of 1% in case ur able to extract 1:1 on miles.
2. HSBC Premier card- Redeemable at 4 transfer partners in 1:1 reward ratio. I would have gotten this but only catch is there's no branch in my city and you need to have a premier account with them.
3. Can someone suggest any better cards out there?

1. CV points are worth about 50 to 60 Paisa for economy class. So effective return of 0.09-- 0.29%.
And award seats in economy class are very difficult to get for your choice of date and time and sector.
CV points they are worth more only if you book business class.

 

[HumorSimpson]

1. CV points are worth about 50 to 60 Paisa for economy class. So effective return of 0.09-- 0.29%.
And award seats in economic class are very difficult to get for your choice of date and time and sector.
CV points they are worth more only if you book business class.

How is this in smartbuy in @SSV

 

[sid16]

Now IDFCFirst and Atlas are both ruled out for tax payments.

Best cards now for this category are HDFC BizBlack, Kotak White Reserve and Kotak White.

 

[HumorSimpson]

Now IDFCFirst and Atlas are both ruled out for tax payments.

Best cards now for this category are HDFC BizBlack, Kotak White Reserve and Kotak White.

Reward rate ?

 

[sid16]

Reward rate ?

Kotak White Reserve and White will give you rewards in the form of White Pass, where one point = one INR. You can get rewards between 2 to MAX 2.5% depending on spends. White pass can be used for redeeming APay/ jewelry/ luxury vouchers, flight/hotel booking too.

 

[HumorSimpson]

Kotak White Reserve and White will give you rewards in the form of White Pass, where one point = one INR. You can get rewards between 2 to MAX 2.5% depending on spends. White pass can be used for redeeming APay/ jewelry/ luxury vouchers, flight/hotel booking too.

Interesting and a good find. Thank you for the explanation.

Kotak White Reserve​

Earn value on crossing every spend-milestone

Spends Milestone*	White Pass earns	Total White Pass Value
3L	₹ 5,000	₹ 5,000
10L	₹ 15,000	₹ 20,000
20L	₹ 22,000	₹ 42,000

Earn White Pass value on crossing every spend milestone

• 1 White Pass = ₹1 on White Pass catalog (for all options except cashback)
• https://www.kotakbankwhite.com/
• 1 White Pass = ₹0.70 for cashback

My queries :

1. There is no such thing as regular reward rate. Only milestone benefits are considered. Is this correct ?
2. Are there any exclusions ? Mainly I am looking at advance taxes, school fee which can easily hit 10L
3. AGV for whitepass is really good 1:1 conversion.

 

[sid16]

Interesting and a good find. Thank you for the explanation.

Kotak White Reserve​

Earn value on crossing every spend-milestone

Spends Milestone*	White Pass earns	Total White Pass Value
3L	₹ 5,000	₹ 5,000
10L	₹ 15,000	₹ 20,000
20L	₹ 22,000	₹ 42,000

Earn White Pass value on crossing every spend milestone

• 1 White Pass = ₹1 on White Pass catalog (for all options except cashback)
• https://www.kotakbankwhite.com/
• 1 White Pass = ₹0.70 for cashback

My queries :

1. There is no such thing as regular reward rate. Only milestone benefits are considered. Is this correct ?
2. Are there any exclusions ? Mainly I am looking at advance taxes, school fee which can easily hit 10L
3. AGV for whitepass is really good 1:1 conversion.

1. Yes, correct, no base reward rate, only White Pass value achieved on crossing milestones.
2. Currently I haven't faced any exclusions. Simple structure which includes spends of all categories. I have tried advance tax so can vouch for the same. Haven't tried School Fees.
3. Yes, I had redeemed my full White Pass against APay voucher.

The negative points of Kotak White card is that after spend of 12L, it is completely useless, no rewards whatsoever.

White Reserve kind of does better, but the milestone windows get crazy as you move up. This has discouraged me from upgrading to White Reserve as of now.

 

[ashu99924]

with IDFC credit cards devaluation, does IDFC Wealth debit card useful for government tax payments? Appreciate your response.

 

[jack333]

with IDFC credit cards devaluation, does IDFC Wealth debit card useful for government tax payments? Appreciate your response.

Yes it still gives around 2.33%

 

[Lobogris]

Yes it still gives around 2.33%

Could you please explain its reward structure. I have it as well.

 

[Lobogris]

1. Yes, correct, no base reward rate, only White Pass value achieved on crossing milestones.
2. Currently I haven't faced any exclusions. Simple structure which includes spends of all categories. I have tried advance tax so can vouch for the same. Haven't tried School Fees.
3. Yes, I had redeemed my full White Pass against APay voucher.

The negative points of Kotak White card is that after spend of 12L, it is completely useless, no rewards whatsoever.

White Reserve kind of does better, but the milestone windows get crazy as you move up. This has discouraged me from upgrading to White Reserve as of now.

You get around 1.5% if you reach the milestone. You pay around 1% in processing fee. Hardly worth it.

 

[sid16]

You get around 1.5% if you reach the milestone. You pay around 1% in processing fee. Hardly worth it.

Kotak White milestone of 12L gives 27k returns. 2.25%.

 

[drsel]

Kotak White milestone of 12L gives 27k returns. 2.25%.

But how much Amazon pay for 12 lacs?

 

[HumorSimpson]

But how much Amazon pay for 12 lacs?

White pass value is 1:1 for Amazon .so you get 27k worth agv.

 

[drsel]

White pass value is 1:1 for Amazon .so you get 27k worth agv.

Kotak White (not white reserve) gives 27000 Amazon pay for 12 lacs tax payment.
So 2.25% in the form of Amazon gift voucher and 1.18% fees which is a net return of 1.07% correct?

For IDFC Select credit card what is the calculation?

 

[bulldozer]

I have
Amex MRCC, Platinum Travel,
SBI Vistara Prime,
HDFC Regalia gold, HDFC Tata Neu
Icici Amazon pay,

Which among the above is best for IT payment?
Does the payment gateway accept Amex? If so my choice would be Amex travel

 

[drsel]

I have
Amex MRCC, Platinum Travel,
SBI Vistara Prime,
HDFC Regalia gold, HDFC Tata Neu
Icici Amazon pay,

Which among the above is best for IT payment?
Does the payment gateway accept Amex? If so my choice would be Amex travel

Platinum travel for 4 lacs target.