Business transaction reward points or cashback

[shafu_97]

Iam having a partnership business and consist of daily sales and purchase of raw materials n all...and the payment was done usually through NEFT/RTGS/IMPS .

Is there any way change the payment through credit card and thus earn cashback and rewards.

Any suggestions?!

 

[Rohan]

Iam having a partnership business and consist of daily sales and purchase of raw materials n all...and the payment was done usually through NEFT/RTGS/IMPS .

Is there any way change the payment through credit card and thus earn cashback and rewards.

Any suggestions?!

You can ask your existing current bank to issue corporate credit cards. Some cards may have rewards system some are non to 0. It differs bank to bank.

 

[shafu_97]

What about taking favour of the usual credit card for the transactions in order to get perks and benefits rather than corporate credit card (since it have no rewards /low reward)

You can ask your existing current bank to issue corporate credit cards. Some cards may have rewards system some are non to 0. It differs bank to bank.

 

[CMGCMG is verified member.]

What about taking favour of the usual credit card for the transactions in order to get perks and benefits rather than corporate credit card (since it have no rewards /low reward)

Banks will block the card if used for business transactions.

 

[shafu_97]

How do they understand if it's used for business transaction and correctly pay the amount back b4 the bill generation date, any way possible..or any hacks?

Banks will block the card if used for business transactions.

 

[Rohan]

How do they understand if it's used for business transaction and correctly pay the amount back b4 the bill generation date, any way possible..or any hacks?

Value of transaction, Receiver business type, frequency of payment.

If you willing to pay using personal card you can do it but keep in mind that your transaction should be low value and its should be first and last.

You should be ready to answer CC bank if they ask about this transaction for personal use.

I have seen card block permanent without any notice (HDFC Bank does this) and with notice (Axis Bank) for using personal credit card to business.

 

[rounakbhowmik]

@Rohan, I make monthly payments averaging 1 lakh for LIC bills using my HDFC credit card.Is it safe?