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Payzapp + Red Girraffe MCC Patched

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Payzapp has corrected the MCC for rent transactions done on Red Girraffe. I did a transaction yesterday and the merchant name is reflected as PZRENT. The transaction got settled today and Axis has charged a 1% rent surcharge + GST as well. So it’s no longer reflected as a utility transaction
 
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Anurag said:
Thanks for making it clear, this way we can avoid the rent fee charged by bank.
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Yes card rent fee is avoided but there are very less reward point or milestone benefits. Few cards give 1% cashback or sbi vistara prime give milestone benefit but you will pay redgiraffe around 0.49% fees. You need to see if remaining rewards or vistara flights are worth your efforts or not !!

There is axis atlas which gives you reward points on rent pay (not on wallet load) but charges 1%+gst and no milestone benefits. But here as well you need to see if you will need miles. If yes, then this is better card when you convert your miles.

Then there is standard chartered ultimate which gives 3.3% rewards on wallet load but those rewards are redeemable on their catalog only, which doesn’t make sense now as they have removed most of the good flights/hotels/shopping vouchers. I closed it already.
 
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JSFinance said:
Yes card rent fee is avoided but there are very less reward point or milestone benefits. Few cards give 1% cashback or sbi vistara prime give milestone benefit but you will pay redgiraffe around 0.49% fees. You need to see if remaining rewards or vistara flights are worth your efforts or not !!

There is axis atlas which gives you reward points on rent pay (not on wallet load) but charges 1%+gst and no milestone benefits. But here as well you need to see if you will need miles. If yes, then this is better card when you convert your miles.

Then there is standard chartered ultimate which gives 3.3% rewards on wallet load but those rewards are redeemable on their catalog only, which doesn’t make sense now as they have removed most of the good flights/hotels/shopping vouchers. I closed it already.
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What about IDFC Wealth? For high spenders, it is equivalent to 2.5% rewards. No fees.
 
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JSFinance said:
Yes card rent fee is avoided but there are very less reward point or milestone benefits. Few cards give 1% cashback or sbi vistara prime give milestone benefit but you will pay redgiraffe around 0.49% fees. You need to see if remaining rewards or vistara flights are worth your efforts or not !!

There is axis atlas which gives you reward points on rent pay (not on wallet load) but charges 1%+gst and no milestone benefits. But here as well you need to see if you will need miles. If yes, then this is better card when you convert your miles.

Then there is standard chartered ultimate which gives 3.3% rewards on wallet load but those rewards are redeemable on their catalog only, which doesn’t make sense now as they have removed most of the good flights/hotels/shopping vouchers. I closed it already.
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Thanks a lot for elaborating and giving time for it:⁠-⁠)
Actually i dont have much cards, so i m not focusing on rewards right now.
Avoiding the rent fee and milestone will be reward for for me as of now 😅
 
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sid16 said:
What about IDFC Wealth? For high spenders, it is equivalent to 2.5% rewards. No fees.
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Yes it is good to use, but do consider reward rate as 1.83% for 45K monthly spends, 2% for 60K spends, 2.1% for 75K and so on, unless you are using IDFC wealth for 30K on categories where other better cards cannot be used such as tax payments
 
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sourpai said:
Yes it is good to use, but do consider reward rate as 1.83% for 45K monthly spends, 2% for 60K spends, 2.1% for 75K and so on, unless you are using IDFC wealth for 30K on categories where other better cards cannot be used such as tax payments
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Exactly, since I have large spends of that category, for me any further online use of IDFC Wealth card is a 2.5% return scenario. For anyway doing below 30k, it is a 1.5% scenario. However, 1.5% returns for NO upfront fees is also quite good. This return is available to use on immediate basis.
 
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