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[Income Tax Payment] Card which provide benefit on Tax Payment
- Thread starter dealsense
- Start date
yes, it'll give 2.5% post 50K spends
bro debit card gives 2.5% post 50K spends.
helloworld
TF Legend
I don't get it
Why does people always say IDFC provides 2.5% "after the first 50k/30k"... like that, but whose gonna spend first 50k.If we actually include the whole spend:
- For 80k, its only 1.35% overall.
- For 1L, its only 1.58%.
We never get mythical 2.5% 🧙♂️ It’s a fairy tale.
Last edited:
Haha, there are easy ways to hit that 50K barrier but on paper you're right. 🙂I don't get it
If we actually include the whole spend:
- For 80k, its only 0.82% overall.
- For 1L, its only 0.88%.
We never get mythical 2.5% 🧙♂️ It’s a fairy tale.
KGSIPO
TF Premier
People paying 3 or 4 lakhs as advance payment get good pointsI don't get it
If we actually include the whole spend:
- For 80k, its only 0.82% overall.
- For 1L, its only 0.88%.
We never get mythical 2.5% 🧙♂️ It’s a fairy tale.
KGSIPO
TF Premier
It will come 2.2% for 4 lakhs. No PG charges for debit cards
HumorSimpson
TF Prestige
helloworld
TF Legend
I assumed based on this..
FIRST Rewards
Even if we calculate for 100 and consider as 2.5% above 50k...
Cumulatively for 4L its around 2% only. We never get 2.5% overall. Thats the IDFC marketing only.
- 50K = 0.67%
- 1L = 1.58%
- 4L = 2.2%
We never achieve 2.5%, Unless 50k spend by someone else using our card, but IMO as long as we spend that 50k then we have to include in calculation.
4x = 1% and 10x = 2.5%.. earlier wealth cc like that and we only get 2% when we spend overall 90k in a month, hence people preferred axis ace at that time. It gives 2% even for 100.
HumorSimpson
TF Prestige
Agree 👍. It was not clear from your earlier post.I assumed based on this..
FIRST Rewards
www.firstrewards.com
View attachment 77692
Even if we calculate for 100 and consider as 2.5% above 50k...
Cumulatively for 4L its around 2% only. We never get 2.5% overall. Thats the IDFC marketing only.
- 50K = 0.67%
- 1L = 1.58%
- 4L = 2.2%
We never achieve 2.5%, Unless 50k spend by someone else using our card, but IMO as long as we spend that 50k then we have to include in calculation.
4x = 1% and 10x = 2.5%.. earlier wealth cc like that and we only get 2% when we spend overall 90k in a month, hence people preferred axis ace at that time. It gives 2% even for 100.
The cumulative is always less than 2.5%. But again there are no cards that reward taxes and on top of that most of us can hit the 50k easily by paying any cc bill
drsel
TF Prestige
Do you get points for income tax payment in IDFC first Wealth credit card or debit card?I assumed based on this..
FIRST Rewards
View attachment 77692
Even if we calculate for 100 and consider as 2.5% above 50k...
Cumulatively for 4L its around 2% only. We never get 2.5% overall. Thats the IDFC marketing only.
- 50K = 0.67%
- 1L = 1.58%
- 4L = 2.2%
We never achieve 2.5%, Unless 50k spend by someone else using our card, but IMO as long as we spend that 50k then we have to include in calculation.
4x = 1% and 10x = 2.5%.. earlier wealth cc like that and we only get 2% when we spend overall 90k in a month, hence people preferred axis ace at that time. It gives 2% even for 100.
HumorSimpson
TF Prestige
Debit card gives 2.5% for 50K above spends and 0 PG charges.
Credit card gives flat 3Rps(0.75% ) and with PG charges of ~1% it doesn't make sense as we end up paying 0.25% extra.
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