Best Way to pay Credit Card Bill

[kushal]

Guys I am redacting this post as I have been asked by the bank for non disclosure as mentioned in TnCs else my account would be suspended. They had asked me to remove this as this violates the TnC related to not getting reward points for CC payments.

 

[raunak]

Thread is quite long..
Please confirm indusind select world debit mai
Cheq mai mil rha h?? And mobikwik and aur kis mai mil rha h points.
Sorry for being repeated.

 

[4uziaul]

Next time, try searching first. The search function has been greatly improved.

Post in thread 'Best Way to pay Credit Card Bill 0.93%- 1% reward (IndusInd- 0.93% and HDFC- 1%) Debit Card' https://www.technofino.in/community...d-0-93-and-hdfc-1-debit-card.4373/post-176596

 

[AritraSaha]

Next time, try searching first. The search function has been greatly improved.

Post in thread 'Best Way to pay Credit Card Bill 0.93%- 1% reward (IndusInd- 0.93% and HDFC- 1%) Debit Card' https://www.technofino.in/community...d-0-93-and-hdfc-1-debit-card.4373/post-176596

Thanks for telling the spelling of cheq.

Btw, has anyone know how to delete account in cheq..
I created one long before, never used it.

 

[4uziaul]

Thanks for telling the spelling of cheq.

Btw, has anyone know how to delete account in cheq..
I created one long before, never used it.

Email them.

 

[shutapdiya]

My first redemption of cashback with Indus Select Master card



Thanks to all the members who contributed in this post, who have answered Newbie questions

Special thanks to @4uziaul @VISHESH_BANSAL Bhai

 

[AllThatStuff]

HDFC:
Most of us know that the best way to pay Bills for the Credit Card is the HDFC Bill Pay Portal, it allows us 1% reward rate for max 750 per month.
A person has to use the HDFC Bill pay portal via Netbanking/Mobile Banking for the same. (Using Easyshop Platinum Debit Card)

IndusInd:
The second best way is premium Indusind Debit Cards, i.e., Select/Exclusive Debit Card, it offers upto 0.93% reward rate and could be beneficial for those who frequently exhaust the HDFC limit,
Note: Paytm does not accept the mastercard variant of these cards, so in my experience Mobikwik does and gives the reward. For Visa Variant, paytm would work.
Unlike HDFC, Indusind offers incremental rewards for Credit Card payment, the rewards you get are (Brackets for total monthly spend):

Spend 5k - 0.35% - Rs 17
Spend 10k - 0.43% - Rs 43
Spend 20k - 0.56% - Rs 112
Spend 30k - 0.67% - Rs 201
Spend 40k - 0.72% - Rs 288
Spend 50k - 0.78% - Rs 390
Spend 60k - 0.83% - Rs 500
Spend 80k - 0.88% - Rs 704
Spend 100k - 0.92% - Rs 920
Spend 112.5k (Max) - 0.93% - Rs 1050
Here the max limit for Cashback is Rs 1050 a month as a person can get max 3000 reward points (1 RP= Rs 0.35)

Terms & Conditions: Indus Rewards Program - IndusInd Bank

Find the Indus Rewards Program for individual savings account holders at IndusInd Bank. Terms & conditions are applicable to accrual & redemption of reward points. Read more.

www.indusind.com

The above link mentions the following exception:
The following transactions are not eligible to earn IndusReward Point:
> Transactions on fuel, Credit Card bill payments & wallet funding/loading

So then how can we earn Reward Points for credit card bill payments??

 

[pprakash11]

For payment done at Mobikwik via HDFC Debit Card, the merchant post transaction / in bank stmt is coming as PYU*ONE MOBIKWIK

Just to clarify, at OTP page, it says merchant ONE MOBIWIK SYSTEM only but later post transaction it came as PYU*ONE MOBIKWIK

Anyone knows if this transaction is eligible for Cashback or no?

Yes. Eligible. Have got 3000 reward points in July.

 

[shutapdiya]

Yes. Eligible. Have got 3000 reward points in July.

I can also confirm the same

 

[shutapdiya]

Terms & Conditions: Indus Rewards Program - IndusInd Bank

Find the Indus Rewards Program for individual savings account holders at IndusInd Bank. Terms & conditions are applicable to accrual & redemption of reward points. Read more.

www.indusind.com

The above link mentions the following exception:
The following transactions are not eligible to earn IndusReward Point:
> Transactions on fuel, Credit Card bill payments & wallet funding/loading

So then how can we earn Reward Points for credit card bill payments??

Bcoz we are paying the cc bills on mobikwik app where it counts as utility txn hence we get reward points

 

[Nitheesh]

So I have to pay a bill of 2.52 lakhs for my AU credit card. I have both Select Visa and Select Master World DC from IndusInd. I have made account in Mobikwik now and I have a Paytm account before. Both are not full KYC. Can someone guide me on how to divide the payments? I read all the comments but still having confusion.

 

[AritraSaha]

So I have to pay a bill of 2.52 lakhs for my AU credit card. I have both Select Visa and Select Master World DC from IndusInd. I have made account in Mobikwik now and I have a Paytm account before. Both are not full KYC. Can someone guide me on how to divide the payments? I read all the comments but still having confusion.

Devide the payment according to the dc you have.

 

[Nitheesh]

Devide the payment according to the dc you have.

Full KYC verification on Mobikwik required? Also some people are saying only 20k for first transaction in 24 hours. Is that true?

 

[AritraSaha]

Full KYC verification on Mobikwik required? Also some people are saying only 20k for first transaction in 24 hours. Is that true?

No,

I don't know about the second condition.

Btw what card you have?(debit card?)

 

[Nitheesh]

No,

I don't know about the second condition.

Btw what card you have?(debit card?)

Select Master and Select Visa

 

[mgforce]

Yes. Eligible. Have got 3000 reward points in July.

Thanks, I think you are referring for IndusInd. My query was for HDFC Debit Card 1%

 

[AritraSaha]

Select Master and Select Visa

1 person can get 3k points in a month.
So devide your expanse into two months.

 

[pprakash11]

Thanks, I think you are referring for IndusInd. My query was for HDFC Debit Card 1%

Oh yeah my bad!!

 

[brightknight]

1 person can get 3k points in a month.
So devide your expanse into two months.

Bro Dividing a month's credit card bill into two months to payback?😁kucch miss nahi ho gya

 

[AritraSaha]

Bro Dividing a month's credit card bill into two months to payback?😁kucch miss nahi ho gya

😅

Usually the cc bill generate in 15-20th month. And due date is 1-5th of the month.
Pay 1part in 25th
Pay 2part in 1th.
As his bill amount is 3L,
He will get 6k reward for this.

 

[Nitheesh]

😅

Usually the cc bill generate in 15-20th month. And due date is 1-5th of the month.
Pay 1part in 25th
Pay 2part in 1th.
As his bill amount is 3L,
He will get 6k reward for this.

But each card will give 3k rewards right? So no issue in paying bills in one month?