Rewards on Government payment using credit or debit card and any limitation?

[V G]

I would like to know which credit or debit cards give rewards points for government transactions and what is their limit - monthly or per transaction.
I know Magnus provides rewards till 31st Aug-23 and there is no limitation. I need to make payment of INR 5 Lacs, thinking of maximizing the rewards. Most probably it will be single transaction.
AU LIT also gives but it has maximum 25K monthly reward point limit. With 10x enabled, it gets restricted to amount INR 2.5 Lacs.

 

[sid16]

IDFC First Wealth CC, 6X rewards (1.5%) till Rs. 30000/= per month and 10X rewards (2.5%) beyond Rs. 30000/= per month. No upper limit as such.

 

[Deleted member 11974]

go for magnus before 31st then

 

[sid16]

You can also check Kotak White Card and Kotak White Reserve Card based on your yearly expected government spends.

 

[V G]

On credit card, it is 1% extra.
I just calculated on rewards on IDFC debit card. On visa classic debit card, we earn more points than wealth debit card. Can anyone confirm if I am correct?

 

[DevD]

I would like to know which credit or debit cards give rewards points for government transactions and what is their limit - monthly or per transaction.
I know Magnus provides rewards till 31st Aug-23 and there is no limitation. I need to make payment of INR 5 Lacs, thinking of maximizing the rewards. Most probably it will be single transaction.
AU LIT also gives but it has maximum 25K monthly reward point limit. With 10x enabled, it gets restricted to amount INR 2.5 Lacs.

Magnus is giving till 10th of Aug.

 

[V G]

Magnus is giving till 10th of Aug.

But devaluation is effective from 1st Sep. Can anyone else confirm?

 

[DevD]

But devaluation is effective from 1st Sep. Can anyone else confirm?

In found it somewhere in this forum.

 

[Bharat]

How about VI, 6cv on 200 + addition of spends towards milestone

 

[V G]

How about VI, 6cv on 200 + addition of spends towards milestone

Thanks for suggestion. I will consider this option.

 

[sid16]

Magnus is giving till 10th of Aug.

10th August was deadline day for credit of 25000 ER milestone for month of July 2023. Points continue to accumulate as usual till 31st August 2023.

 

[Dharm]

On credit card, it is 1% extra.
I just calculated on rewards on IDFC debit card. On visa classic debit card, we earn more points than wealth debit card. Can anyone confirm if I am correct?

Is this true, asking because I have visa classic debit card?

 

[littlefinger]

IDFC First Wealth CC, 6X rewards (1.5%) till Rs. 30000/= per month and 10X rewards (2.5%) beyond Rs. 30000/= per month. No upper limit as such.

is this still applicable for gov transactions with idfc wealth card ?

 

[ihmahetar]

Best credit card for government transaction is Amazon pay credit card 1% cashback but Cashback credit into Amazon pay

 

[Deleted member 11974]

sc ultimate
hsbc premier

 

[sid16]

is this still applicable for gov transactions with idfc wealth card ?

No now it is much less and not worth it at all.

 

[littlefinger]

No now it is much less and not worth it at all.

What nps transaction - credit card based loading - do we get rewards for that in IDFC wealth?

 

[TheGuy]

What nps transaction - credit card based loading - do we get rewards for that in IDFC wealth?

not anymore. you would get 0.5%, with NPS CC Surcharge being 0.90%, net negative. This is simple calcn till 20k.

 

[littlefinger]

not anymore. you would get 0.5%, with NPS CC Surcharge being 0.90%, net negative. This is simple calcn till 20k.

any recommended credit card for nps transactions ?

 

[Dharm]

any recommended credit card for nps transactions ?

Standard chartered smart card with 2% cashback