Insurance Premium Payment through Credit Card

[oneeightone]

Hi All,

I have an upcoming insurance premium payment for my LIC Term insurance (>80k) - i was wondering what is the best way to pay the premium to churn the maximum reward points on one of my existing credit cards?

I understand that not all credit cards offer reward points on insurance payments?

My CC portfolio -

1) HDFC Regalia
2) HDFC Tata Neu Infinity
3) HSBC Visa Platinum
4) Axis Ace

Thanks a lot in advance!!! 🙌🏼

 

[oneeightone]

@TechnoFino @Abhishek012 @Wealth is my birth right! @bhavyegoel
Any suggestions pls? Thanks a lot!

 

[Wealth is my birth right!]

@TechnoFino @Abhishek012 @Wealth is my birth right! @bhavyegoel
Any suggestions pls? Thanks a lot!

Use tata neu card upi feature it’s 1.5% unlimited currently
Ace I don’t have so can’t comment but if u get 2% on ace then it’s preferable

 

[4uziaul]

For Ace it's in excluded category you won't get any rewards or CB.

 

[partritronix]

Hi All,

I have an upcoming insurance premium payment for my LIC Term insurance (>80k) - i was wondering what is the best way to pay the premium to churn the maximum reward points on one of my existing credit cards?

I understand that not all credit cards offer reward points on insurance payments?

My CC portfolio -

1) HDFC Regalia
2) HDFC Tata Neu Infinity
3) HSBC Visa Platinum
4) Axis Ace

Thanks a lot in advance!!! 🙌🏼

Buy Amazon pay gift card from HDFC smartbuy portal with Regalia card and pay for insurance premium. monthly cap for AGV is rs. 10000 only. That u need to consider and accumulation to be done.

 

[oneeightone]

Use tata neu card upi feature it’s 1.5% unlimited currently
Ace I don’t have so can’t comment but if u get 2% on ace then it’s preferable

Oh. Thanks a lot!
I thought the Tata Neu UPI was capped at ~500 points though?
Will take a deeper look at this option though! Thanks!

 

[oneeightone]

Buy Amazon pay gift card from HDFC smartbuy portal with Regalia card and pay for insurance premium. monthly cap for AGV is rs. 10000 only. That u need to consider and accumulation to be done.

This is helpful! Thank you

 

[oneeightone]

Use tata neu card upi feature it’s 1.5% unlimited currently
Ace I don’t have so can’t comment but if u get 2% on ace then it’s preferable

I believe this is another way?

Load Apay wallet through PayTm (flat 2% unlimited cashback it seems per the link below)
Pay the premium using Apay wallet
https://www.technofino.in/community...pay-credit-card-link-upi-or-normal-upi.12783/

 

[mechanism_chronically]

Hi All,

I have an upcoming insurance premium payment for my LIC Term insurance (>80k) - i was wondering what is the best way to pay the premium to churn the maximum reward points on one of my existing credit cards?

I understand that not all credit cards offer reward points on insurance payments?

My CC portfolio -

1) HDFC Regalia
2) HDFC Tata Neu Infinity
3) HSBC Visa Platinum
4) Axis Ace

Thanks a lot in advance!!! 🙌🏼

1. Axis Ace - doesn't payout any cashback.
2. HDFC Regalia -Reward points accrued for Insurance transactions will have a maximum cap of 2,000 per day.
3. HSBC - Never used Platinum, but Cashback card gives flat 1.5%.
4. Tata Neu - Not sure about.

 

[CyberPsych]

I do not want to create a new thread, so asking this in a similar thread that is also latest.

I have Apay ICICI, Flipkart Axis, HDFC Millenia Credit card, HDFC Platinum Debit card, IndusInd Legend credit cards.
What is the best app and payment method to renew car insurance (₹4000-₹5000)?

@4uziaul @Abhishek012 Any help guys?

 

[nitinmits]

Tata Neu credit card payment option not visible on Tata Neu Pay bills section on App.

 

[raghumahajan]

I need to make insurance payments directly on Star Health's website as it is giving a 5% discount. What credit card I can use?
Here is my preference, Please let me know if the below card will give me the mentioned cashback.?
1. Standard Chartered Smart - 2% (please confirm if applicable to insurance also)
2. Indusind Legend - 1.5% (on weekends)
3. Hdfc Millenia -1%
4. Amazon Pay ICICI - 1%

 

[helloworld]

I need to make insurance payments directly on Star Health's website as it is giving a 5% discount. What credit card I can use?
Here is my preference, Please let me know if the below card will give me the mentioned cashback.?
1. Standard Chartered Smart - 2% (please confirm if applicable to insurance also)
2. Indusind Legend - 1.5% (on weekends)
3. Hdfc Millenia -1%
4. Amazon Pay ICICI - 1%

1. Smart limit per month 50k.
2. 0.57% not good for Insurance.
3. Good one and can also get additional 1% if achieved milestone (improve relationship with bank too).
4. Yes

 

[Slayer]

Offer valid till?

I need to make insurance payments directly on Star Health's website as it is giving a 5% discount. What credit card I can use?
Here is my preference, Please let me know if the below card will give me the mentioned cashback.?
1. Standard Chartered Smart - 2% (please confirm if applicable to insurance also)
2. Indusind Legend - 1.5% (on weekends)
3. Hdfc Millenia -1%
4. Amazon Pay ICICI - 1%

 

[Abhay Chauhan]

@Abhishek012 do you know any app or any way to pay Insurance Premium by Prepaid/Credit card with MCC other than Insurance and Utility.

 

[Abhishek012]

@Abhishek012 do you know any app or any way to pay Insurance Premium by Prepaid/Credit card with MCC other than Insurance and Utility.

I think insurance premium official website allow you to pay through prepaid cards.

Axis Ace card give you unlimited 2% on Ongo wallet load because here merchant is Telecom.

Before load money first go to insurance premium official website and enter Ongo RuPay prepaid card details and check card otp page open or not.

Ongo RuPay Card | Axis Atlas & Other Credit Card Reward + 1.5% off Amazon gv, 2.5% off Flipkart gv etc

Ongo RuPay Card | Axis Atlas & Other Credit Card load Reward + 1.5% off Amazon gv, 2.5% off Flipkart gv etc: Play Store: https://play.google.com/store/apps/details?id=com.ongo&hl=en&gl=US IOS Store: https://apps.apple.com/in/app/ongo-app/id1079422557 Note - Merchant category is Telecom (not...

www.technofino.in

 

[Abhay Chauhan]

I think insurance premium official website allow you to pay through prepaid cards.

Axis Ace card give you unlimited 2% on Ongo wallet load because here merchant is Telecom.

Before load money first go to insurance premium official website and enter Ongo RuPay prepaid card details and check card otp page open or not.

Ongo RuPay Card | Axis Atlas & Other Credit Card Reward + 1.5% off Amazon gv, 2.5% off Flipkart gv etc

Ongo RuPay Card | Axis Atlas & Other Credit Card load Reward + 1.5% off Amazon gv, 2.5% off Flipkart gv etc: Play Store: https://play.google.com/store/apps/details?id=com.ongo&hl=en&gl=US IOS Store: https://apps.apple.com/in/app/ongo-app/id1079422557 Note - Merchant category is Telecom (not...

www.technofino.in

But i need to pay from Gosats Prepaid card which is now giving 3 percent but in this offer they have excluded Insurance for this offer. Any app like Park Plus but it is not accepting prepaid card.

 

[infinia_finally]

I had to pay 5L premium for an HDFC endowment policy. I used Infinia and capped RP at 5000. Is there a better way to do this? Can single premium be split across multiple days? Insurance website doesn't allow that.

 

[kvndsz512]

I had to pay 5L premium for an HDFC endowment policy. I used Infinia and capped RP at 5000. Is there a better way to do this? Can single premium be split across multiple days? Insurance website doesn't allow that.

is it 5L per yr? multiple premiums? if yes then opt for quarterly or half yearly payouts maybe