Latest Working Methods to Pay Credit Card Bill from Debit Cards

[6ix9ine]

Guys, I have to pay ₹1,23,000 CC bill for a single card by 2nd October. I have the following options/constraints and want to optimize the cashback/reward.

Constraints:
1. I can pay a max of ₹37,700 through HDFC Platinum DC to get 1% cashback.
2. I can pay a max of ₹55,000 (₹5,000+₹25,000+₹25,000) through SBI DCs before 20th Sept to get 1.25% back.
3. I have IDFC DC that gives 0.5% worth of reward points on initial ₹50,000 spends and then 1.67% worth of reward points on spends above ₹50,000

Possible Ways:
View attachment 69212

Please help me with the following queries:
1. Am I missing something? Is there something I should pay attention to with the first method, where I pay the entire amount through the IDFC DC?
2. How risky is it to go with the 4th option? (I am keeping it as a backup in case I have missed something regarding the IDFC reward point cap, etc. I will also be looking into tuning the 2nd option in case the 1st option gets dropped due to max reward capping or something.)
3. Any other better suggestions for paying the CC bill?

The calculation for SBI DC rewards isn't accurate. Let me explain:

You will earn 1.25%, but only up to 1,000 points (this includes the 5x rewards). This means that for any spending above ₹20,000 (as a safe amount), you'll only receive 0.25% rewards instead of 1.25%. I'm not sure about the IDFC reward system, so I can't say anything on that.

For an amount of ₹20,000, you'll earn 200 base points and 800 accelerated points, totaling 1,000 points. That's it for SBI campaign.

In your case, Case 1 seems best if everything goes right with IDFC (I've read somewhere, people are not getting points with IDFC, or getting it delayed after emails/calls)

 

[Sourabh_13]

Thank you!

You will earn 1.25%, but only up to 1,000 points (this includes the 5x rewards). This means that for any spending above ₹20,000 (as a safe amount), you'll only receive 0.25% rewards instead of 1.25%. I'm not sure about the IDFC reward system, so I can't say anything on that.

thought its ₹20K+₹5K per account holder.

I have made a tranaction of ₹20K through my SBI DC. So was thinking I am left with ₹5K.

I have two more SBI DCs from family members (₹25K + ₹25K).

 

[6ix9ine]

Thank you!



thought its ₹20K+₹5K per account holder.

I have made a tranaction of ₹20K through my SBI DC. So was thinking I am left with ₹5K.

I have two more SBI DCs from family members (₹25K + ₹25K).

Actually we don't know, if SBI will consider 25K or 20K

20K is safest, and it completely makes sense now (55000 amount), if you have 2 more DCs

SBI and HDFC are 100% working and no issues whatsoever. There are couple of threads for IDFC issues, you can refer them and clear your doubts.

Still, your case 1 seems great if IDFC works else I would go for case 4.

 

[lightwaves]

Any update on AMEX BBPS?

Amex is live on BBPS, just checked on GPay.

 

[Aegon]

Amex is live on BBPS, just checked on GPay.

I guess GooglePay is using NEFT
Amex isn't yet live on BBPS

 

[lightwaves]

I guess GooglePay is using NEFT
Amex isn't yet live on BBPS

Oh o h

 

[lightwaves]

I guess GooglePay is using NEFT
Amex isn't yet live on BBPS

Any idea by when can we expect it to be live?

 

[Aegon]

Any idea by when can we expect it to be live?

Doesn't seem like anytime soon for Amex, HSBC and StanC.

 

[neo.puneet]

Doesn't seem like anytime soon for Amex, HSBC and StanC.

HSBC is already live on BBPS

 

[Aegon]

HSBC is already live on BBPS

yeah, missed it. Thank you
I guess now StanC and Amex will also follow soon

 

[sambitpatro]

Mobikwik detected my standard chartered bill payment today which till now it wasnt detecting. I think stan c is getting live on BBPS but unipay doesnt detect yet. Hope it's coming soon

 

[Chitra007]

Which of the following debit card gives maximum benefit in paying the bill of 2L?

HDFC Platinum - (1% upto 750) - can pay 75000
IDFC Wealth
IndusInd Select visa and MC
HDFC Millennia (2.5% upto 400) - can pay 16000

 

[Dreamer]

Which of the following debit card gives maximum benefit in paying the bill of 2L?

HDFC Platinum - (1% upto 750) - can pay 75000
IDFC Wealth
IndusInd Select visa and MC
HDFC Millennia (2.5% upto 400) - can pay 16000

Idfc wealth if the total amount paid through it.

 

[KingAAR]

Amex is live on BBPS, just checked on GPay.

bro did you try paying any card's bill, please check and confirm bro.... dont just look at the name and say such stuff without confirming

 

[Vineet_]

Which of the following debit card gives maximum benefit in paying the bill of 2L?

HDFC Platinum - (1% upto 750) - can pay 75000
IDFC Wealth
IndusInd Select visa and MC
HDFC Millennia (2.5% upto 400) - can pay 16000

Which platform now hdfc bill pay & jio finance won't support seems unipay , airtel , setu have serious refund issue kindly suggest ?

 

[lightwaves]

Doesn't seem like anytime soon for Amex, HSBC and StanC.

StanC already onboarded bro.

 

[Aegon]

StanC already onboarded bro.

couldn't find it
which app are you able to pay bbps StanC bill ? I got a payment coming for it.

 

[lightwaves]

couldn't find it
which app are you able to pay bbps StanC bill ? I got a payment coming for it.

Sorry bro, that was HSBC, I got mixed up

 

[theflash]

Canara Setu gone?

 

[Abhishek012]

Canara Setu gone?

Ya lag toh raha hai, website lost in space.