Riya
TF Legend
Buying crypto by cards??? Is that legal or possible? What are the tax implications
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Never paid taxes on any of my crypto purchases or profits. I will not be elaborating further on whether what I do is completely legal or not lol
Riya
TF Legend
How? Reward rate is equivalent to FD rate
why do you even need to know.. for kicks! your approach is right..
Anything above 0 is a gain 🙂 Yes agree.. there is better use for our time.. the trick is to ensure right card is used for right expense and to keep track of updates on offers for genuine spends...
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i can tell you ~ 10k on CRED in 5 years 🙂 ~ 12k on amazon in 5 yrs..(not apay cb, normal shopping offer cb)..reward points cant keep track 🙁
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Riya
TF Legend
Cred has stopped giving cashbacks now... 1-2rs ka cb milta hai... I've been using since 3 yrs but since last one yr they have really tapered down the cashbacks
yeah.. now. more on upi and pay.. i got 15 rs a few days back on a 100 rs transaction.. its small but for normal payment its quite good for 0 effort on our side
raghu.rokda
TF Legend
Lagta hai NPCI offers mai khoob maal chapa 😂
Axis ko loota h
iamabhisekagar
TF Legend
Difficult to calculate total transaction but cashback earned Rs 20733 plus around 5000-6000 in grabdeals cashback plus around 2000 in smartbuy cashback plus so much neucoins
Cards used:
Flipkart Axis
Axis Ace
SBI Cashback
BoB Snapdeal
HDFC Business Moneyback (closed)
HDFC Tata Neu Plus (closed)
Cards used:
Flipkart Axis
Axis Ace
SBI Cashback
BoB Snapdeal
HDFC Business Moneyback (closed)
HDFC Tata Neu Plus (closed)
4.5L (Aprrox)
I spent around 90L this year (B spends) on around 15 cards (My family only). Earned around 5% (4.5L) including debit card cashbacks. i prefer vouchers over cashback, vouchers can help save tax.
I paid 1800/- after Joining & Renewal vouchers (Gst component on some) total Joining & renewal fees only this year, met spend criteria on all my cards.
if i count instant discount also, the tally would be somewhere around 8-9% atleast.
I spent around 90L this year (B spends) on around 15 cards (My family only). Earned around 5% (4.5L) including debit card cashbacks. i prefer vouchers over cashback, vouchers can help save tax.
I paid 1800/- after Joining & Renewal vouchers (Gst component on some) total Joining & renewal fees only this year, met spend criteria on all my cards.
if i count instant discount also, the tally would be somewhere around 8-9% atleast.
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vissu295
TF Select
Overall, maybe in the range of 1.5-2% (optimistically speaking) as my cards are not very rewarding except for LIT..
I can't waste time further in calculating total cashback, on top of all the mental math that was done at the time of spend to optimize rewards.
Most of the time, I prefer to use the card which has instant discount offers, than worrying about reward points/cashback. RP/cashback is the last resort.
On the same topic, Au has a discover dashboard that shows the lifetime cashback/RP details etc. It was cool.
I can't waste time further in calculating total cashback, on top of all the mental math that was done at the time of spend to optimize rewards.
Most of the time, I prefer to use the card which has instant discount offers, than worrying about reward points/cashback. RP/cashback is the last resort.
On the same topic, Au has a discover dashboard that shows the lifetime cashback/RP details etc. It was cool.
raghu.rokda
TF Legend
😂😭 CC are good untill we have good use for them, I keep the spending amount in my saving account before making any spends on cc. Always keep that in mind, i never in my life paid any late charges or Fees, by this rule only.
panchabhut
TF Legend
I use good old tally
Let him cook, add 5-6 cards u can convert it to 5-6% easily
