Suggest ways to make grocery payment of around 50 lakh per month

[HumorSimpson]

It is very common bro

Whats common ?

 

[SSV]

Whats common ?

Encouraging clients to feed them

 

[Divas_Garg]

Food chain ..

???

Whats common ?

CA rotating money

 

[KLB@96]

How did you not receive IT notice yet ?????

 

[helloworld]

they send two cards
one for personal one for business

Yes, I have the AC card. But I was confused since they also have a Gold business card so thought that maybe the regular Gold Charge Card can't be used for business. I guess I'll have to read the MITC again.

It is to separate personal and official expenses (more or like add-on card but with same name). not to be confused with business card both are different. AMEX can request proofs or ITR, if they observe large transactions.

 

[Divas_Garg]

How did you not receive IT notice yet ?????

Because I mention all my credit cards in my balance sheet. Everything is audited by some other CA

 

[HumorSimpson]

I can explain more in detail:
I make purchases on behalf of someone else who buy wholesale groceries from departmental stores. Then they make me payment by deducting around 1percent.
The rest reward points is my earning

Isn't 50 lakh too high?

 

[ccdc]

6cr per annum spends just for grocery....i think he's ambanis contractor or something...

 

[Divas_Garg]

Isn't 50 lakh too high?

It is not that high. I am not alone doing it. I know some persons who are using pinnacle cards for similar purpose having credit card payments of around 1 crore per month.

 

[sidp]

Pero

3 months, how you reached ACE level ??? 🫡

Mean while @DocFixIt & @SSV in 3 month. 🤣

 

[Divas_Garg]

6cr per annum spends just for grocery....i think he's ambanis contractor or something...

There are some stores who provide bulk groceries only to wholesalers and accept online credit card payments.

 

[ccdc]

man...get a business card....coz of such crazy spends the majority of normal spenders have to suffer....

 

[helloworld]

Could someone move this thread to hidden section, I don't want banks find this and review the existing benefits. I need atleast those 2% or 2000 points, can't imagine if they kept surcharge on these categories.

 

[Vasuki]

Mean while @DocFixIt & @SSV in 3 month. 🤣

😁😁
TF pioneer soon 😜
It's matter of when not if

 

[gamersgzb]

There are some stores who provide bulk groceries only to wholesalers and accept online credit card payments.

Could you name some stores

 

[Divas_Garg]

Could you name some stores

Yup
1. Flipkart wholesale app
2. Metro wholesale app
3. Reliance wholesale
4. Udaan

 

[Vasuki]

Yup
1. Flipkart wholesale app
2. Metro wholesale app
3. Reliance wholesale
4. Udaan

Even wallmart .

 

[Divas_Garg]

Could someone move this thread to hidden section, I don't want banks find this and review the existing benefits. I need atleast those 2% or 2000 points, can't imagine if they kept surcharge on these categories.

All banks already know that’s why many banks have kept grocery spends at par with utility payments.
All hdfc cards have limit of 2000 rp per month on grocery transactions

 

[sidp]

I am having 5 indusind bank credit cards in my name and all cards are issued against fixed deposit of 10 lakh each. Each card has limit of 9 lakh rs

All 5 are in your name? You mean 5 primary card.

And here axis and hdfc are not giving upgrade to people who already have same card as ads on.

 

[Divas_Garg]

Even wallmart .

Flipkart wholesale operates under walmart