Investment and saving schemes that accept credit card

[smartraguln]

Hi, what are the investment and savings schemes that accept Credit card payment option?

which credit card is better for that?

 

[lhgeek]

I think only NPS at this point. You can use your credit card to load to Tier 1 or 2.
I used IDFC select for Rs 50k investment into tier 1 and got 10x rewards above Rs 20k

 

[smartraguln]

Thanks. May i know what is tier 1 and 2?

 

[lhgeek]

Thanks. May i know what is tier 1 and 2?

I would suggest you google NPS Tier 1 and Tier 2, rather than me explaining it here.

 

[oshan]

ELSS accepts, however it is marked as insurance transaction
so dont using card that has limit on insurance rewards

Edit: I meant ULIP and not ELSS

 

[sankmik]

ELSS accepts, however it is marked as insurance transaction
so dont using card that has limit on insurance rewards

How you do ELSS via Cards?

 

[oshan]

How you do ELSS via Cards?

My bad, i meant to day ULIP plans, not elss

 

[shubhamaggarwal]

Hi, what are the investment and savings schemes that accept Credit card payment option?

which credit card is better for that?

As per I know, you can only make payment for NPS, Rent Payment and Utility Bills from credit card. There is no app which gives you an option to make payment through credit card. Happy to be wrong here.

But, you can make payment through debit card which gives cashback.

 

[asen]

My bad, i meant to day ULIP plans, not elss

Yes, ULIP is another option for investment using credit card.

 

[shubhamaggarwal]

Yes, ULIP is another option for investment using credit card.

Just want to say, never opt for ULIP it's one of the worst financial product ever build. Don't buy unnecessary financial products just for rewards points.

 

[asen]

Just want to say, never opt for ULIP it's one of the worst financial product ever build. Don't buy unnecessary financial products just for rewards points.

I know, I never bought one. I mentioned it as an option for investment with credit card.

 

[viveksingh1005]

I know, I never bought one. I mentioned it as an option for investment with credit card.

ULIPS are not investment 😛