Credit card for School education spends

[devarshi84]

I have tried to post this topic on various threads without much response and Seldom see posts from other users asking similar question. While not useful to many, Education fees goes into lacs for many and is a big expense.

In my case, the fees is collected via an App called Eduqfix. The School doesn't accept fees except cheque. Eduqfix charges certain fees for using a credit card. Also, many cards do not get cashback/ Points for paying school fees as per MCC code.

I was considering getting something like a Kotak IOCL Rupay or Tata neu infinity credit card to make UPI payment for school fees.

What are the thoughts of other card holders?

 

[HumorSimpson]

Does that accept razor pay as PG? THEN you can pay with Amazon wallet. Load it with Amazon pay gift vouchers by buying via sbi cash back card.

 

[devarshi84]

The only available options are net banking, debit card, credit card and UPI with only UPI being without charges.

 

[HumorSimpson]

The only available options are net banking, debit card, credit card and UPI with only UPI being without charges.

Then just go with UPI. If that atleast accepts rupay CC you will get some points.

 

[ismail]

my sons school accepts payment with sbicollect which further accepts cards.(no wallets). as its shown as edu spends/govt spends which cards provide cashback?

 

[sourpai]

I have tried to post this topic on various threads without much response and Seldom see posts from other users asking similar question. While not useful to many, Education fees goes into lacs for many and is a big expense.

In my case, the fees is collected via an App called Eduqfix. The School doesn't accept fees except cheque. Eduqfix charges certain fees for using a credit card. Also, many cards do not get cashback/ Points for paying school fees as per MCC code.

I was considering getting something like a Kotak IOCL Rupay or Tata neu infinity credit card to make UPI payment for school fees.

What are the thoughts of other card holders?

Which cards do you have? There are many cards which give points on education. IDFC Wealth, Select, HDFC DCB, Axis Atlas, Magnus, SC cards (Ultimate or smart), Amex Plat Travel etc... many are there. On all these cards you will recover the extra charges and get reward points

 

[HumorSimpson]

Which cards do you have? There are many cards which give points on education. IDFC Wealth, Select, HDFC DCB, Axis Atlas, Magnus, SC cards (Ultimate or smart), Amex Plat Travel etc... many are there. On all these cards you will recover the extra charges and get reward points

Most of the Schools PGs are charged 1.65% with GST its about 2%. Unless one has cards that are above this, its not worth.

 

[sourpai]

Yes... go ahead with UPI CC IF it is accepted. Tata Neu Infinity Rupay is the best option in that case

 

[ontherocks]

Use ICICI Amazon CC for 1% cashback plus additional 1% when you repay using HDFC Platinum DC
There is also IDFC Wealth CC for 2.2% plus additional 1% when you repay using HDFC Platinum DC, but not 100% sure if this 2.2% applies for educational payments

 

[_deb_]

Getting 1% cashback in statement (like Airtel Axis) or reward point (like Amazon ICICI) is normal. Use any such card if you have. Premium cards may be another option if it will help to achieve milestone benefits.

 

[Riya]

I have tried to post this topic on various threads without much response and Seldom see posts from other users asking similar question. While not useful to many, Education fees goes into lacs for many and is a big expense.

In my case, the fees is collected via an App called Eduqfix. The School doesn't accept fees except cheque. Eduqfix charges certain fees for using a credit card. Also, many cards do not get cashback/ Points for paying school fees as per MCC code.

I was considering getting something like a Kotak IOCL Rupay or Tata neu infinity credit card to make UPI payment for school fees.

What are the thoughts of other card holders?

I was on cloud 9 till last year's April paying education fee with SBI cashback card... getting sweet 5% as cashback.... but since May 2023 I had to satiate for 1% through APay card....

 

[MS R]

I was on cloud 9 till last year's April paying education fee with SBI cashback card... getting sweet 5% as cashback.... but since May 2023 I had to satiate for 1% through APay card....

if u have wealth card 6x till 30k / 10x after 30k

 

[Riya]

if u have wealth card 6x till 30k / 10x after 30k

No wealth card... but with 6x too its 1.5%... not that big difference as compared to 1% and 5%

 

[MS R]

No wealth card... but with 6x too its 1.5%... not that big difference as compared to 1% and 5%

compared to amazon pay

 

[Riya]

compared to amazon pay

The best thing with APay card is no question asked cashback.... do even Rs 1 crore transaction (if you have such a limit), you'll get 1 lakh minimun at the end of month 😀

 

[imdjay]

no question asked cashback..

NO! IT will ask you questions.

 

[Riya]

NO! IT will ask you questions.

you mean IT (Income tax) or IT(Amazon) ??

 

[imdjay]

you mean IT (Income tax) or IT(Amazon) ??

first one .

 

[Riya]

first one .

 

[jeevanreddy58]

first one .

second one also.. I seen some cases