Cash points on mutual fund investing using payzapp

[adityatechnical]

Hi everyone,

I'm a newbie in my credit card journey. Wanted to ask few things-

1. I invest in mutual funds through mfcentral using UPI. I recently found out that I'll get 2.5% cash points on online spends on millennia debit card (not cc) using Payzapp (which also has UPI payment option). Will I get cash points on MF investing?
2. Are there any real benefits of these cashpoints? Or I can only get selected few items on rewards points like other banks

 

[vine]

Afaik, you don't get 2.5% for mutual funds.

 

[AlgoTrader]

you wont get 2.5% bro

 

[adityatechnical]

Then on what transactions will I get the 2.5% cash points?

 

[6ix9ine]

Then on what transactions will I get the 2.5% cash points?

Shopping on amazon, flipkart etc.

 

[HumorSimpson]

@D₹V .. Enlighten here

 

[D₹V]

Hi everyone,

I'm a newbie in my credit card journey. Wanted to ask few things-

1. I invest in mutual funds through mfcentral using UPI. I recently found out that I'll get 2.5% cash points on online spends on millennia debit card (not cc) using Payzapp (which also has UPI payment option). Will I get cash points on MF investing?
2. Are there any real benefits of these cashpoints? Or I can only get selected few items on rewards points like other banks

For PayZapp UPI.

You'll have to load money into wallet.

And for wallet load millennia gives 1% cashback only.

If you do utility payments directly on payzapp via MDC, you'll get 5% cashback.

 

[adityatechnical]

For PayZapp UPI.

You'll have to load money into wallet.

And for wallet load millennia gives 1% cashback only.

If you do utility payments directly on payzapp via MDC, you'll get 5% cashback.

What is MDC?

 

[HumorSimpson]

What is MDC?

Millenia debit card

 

[Centurion_wala]

If you do utility payments directly on payzapp via MDC, you'll get 5% cashback.

Explain this- Can we really pay CC bills and get 5% cb?

 

[6ix9ine]

Explain this- Can we really pay CC bills and get 5% cb?

Yes, but 2.5% upto 400 per month only.

 

[D₹V]

Explain this- Can we really pay CC bills and get 5% cb?

Via other app with utility MCC.

2.5% cashback.

For PayZapp, never tried.

 

[Zacobite]

Hi everyone,

I'm a newbie in my credit card journey. Wanted to ask few things-

1. I invest in mutual funds through mfcentral using UPI. I recently found out that I'll get 2.5% cash points on online spends on millennia debit card (not cc) using Payzapp (which also has UPI payment option). Will I get cash points on MF investing?
2. Are there any real benefits of these cashpoints? Or I can only get selected few items on rewards points like other banks

cash points are CASH points.. u can use to pay bills / transfer to bank etc