• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

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

Apply For Lifetime Free IDFC First Credit Card
divyam_taparia

divyam_taparia

TF Select
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?
 
Apply For LTF AU LIT Credit Card
Sort by date Sort by votes
drsel said:
You will not get it if you are salaried, it's only for business people.
A floater card is not free.
you have to pay the normal joining fee and annual fee
Click to expand...

ragz said:
But I am salaried person, Will they give biz black card to me? Also even if I take it as a floater card won't I have to pay the fees for it?
Click to expand...

Try with your branch, even if you are salaried
I have applied and am hoping they will issue it. I will update once I know.
These asked me to give a statement of income, ITR and payslips
Note: My case may be different from yours as I filed ITR 3 last year (due to a loss from intraday trading that I wanted to carry forward). Also my trading turnover was less than 2% of my salary, so my major head of income is salary
In my case, I made it clear I will pay the card fees ('cos I think I can hit the spend milestone, so I will get charged just for GST in year 1)
 
Last edited:
Upvote 0 Downvote
divyam_taparia said:
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?
Click to expand...
One and only
Hdfc biz series' card

Biz black 🖤
 
Upvote 0 Downvote
Copycat said:
Try with your branch, even if you are salaried
I have applied and am hoping they will issue it. I will update once I know.
These asked me to give a statement of income, ITR and payslips
Note: My case may be different from yours as I filed ITR 3 last year (due to a loss from intraday trading that I wanted to carry forward). Also my trading turnover was less than 2% of my salary, so my major head of income is salary
In my case, I made it clear I will pay the card fees ('cos I think I can hit the spend milestone, so I will get charged just for GST in year 1)
Click to expand...
Were you successful?
 
Upvote 0 Downvote
GKumaran said:
Were you successful?
Click to expand...
Approval has been granted. I have to cancel my Moneyback+ card first and then my application for Biz Black will be processed. Cancelling MB+ tomorrow as today is the statement generation date and I wanted to see that all dues were settled
Will post once I have the card in hand
 
Upvote 0 Downvote
Copycat said:
Approval has been granted. I have to cancel my Moneyback+ card first and then my application for Biz Black will be processed. Cancelling MB+ tomorrow as today is the statement generation date and I wanted to see that all dues were settled
Will post once I have the card in hand
Click to expand...
Paid or LTF?
 
Upvote 0 Downvote
HumorSimpson said:
Interesting and a good find. Thank you for the explanation.

Kotak White Reserve​

Earn value on crossing every spend-milestone

Spends Milestone*White Pass earnsTotal 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
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.
Click to expand...
Will there be any surcharge if I pay tax using payzapp card...I need to pay 135000 as income tax.
My other option is diners privilege that would attract 0.72% + 18 GST but that would help me in achieving quarterly milestone easily.
 
Upvote 0 Downvote
divyam_taparia said:
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?
Click to expand...
HDFC Biz Black
 
Upvote 0 Downvote
You must log in or register to reply here.

Similar threads

J
  • Suggestion Suggestion
Credit card for income tax payment of 20 lakh plus
Replies
11
Views
371
Jeet2
J
J
Ideal Credit card for income tax payment.
Replies
9
Views
374
prasenjitp04
P
itsud
Unfair Credit Card Charge: HDFC Payment Gateway and IDFC Bank (Income Tax Payment)
Replies
2
Views
63
itsud
itsud
Channakya
Income tax payments on rupay Upi Credit card.
Replies
17
Views
656
VHARIA
VHARIA
J
Best credit card for income tax payment
6 7 8
Replies
154
Views
4K
Hemang
H
Back
Top