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Suggest ways to make grocery payment of around 50 lakh per month
- Thread starter Divas_Garg
- Start date
In that case it's always danger and not suggested to use high transactions on personal card for business purposes.
Divas_Garg
TF Buzz
They have capping of 2000 reward points for grocery per month
Divas_Garg
TF Buzz
gold business is given to self employed people
gold charge with business card is given to salaried
ig
bus business spends ke liye alag card
Okay, very good..
when these many people are actively participating in the discussion , you need to speak up voluntarily and explain your current position in detail…
not after we made some assumptions
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50L Spends per month.. IF u dont mind r u into hotel or catering business???
Or grocery reselling businesses??
HumorSimpson
TF Prestige
OP is your guy for hitting kotak white reserve milestone of 1 crore.
Divas_Garg
TF Buzz
Earlier 1 credit card was sufficient as reward points were given on card rotation in 1 statement cycle. But now rewards points are given only upto credit limit in card.
Divas_Garg
TF Buzz
sidp
TF Legend
.65% is still better than 0. Why not use ace/ flipkart axis/icici apay/neu infinity/sbi reliance? Will give you much better return for next few months? 🤣
Very true must open kotak white reserve via
Kotak Mahindra Bank privy league black program
@Divas_Garg Please mention all the options you have before everyone gives suggestions and you come up with some other option which will avoid confusion and wasting others time.
Divas_Garg
TF Buzz
I am having 5 indusind bank credit cards total limit 45 lakh
Sbi cashback credit card total limit 1lakh
Au zenith credit card total limit 4 lakh
So totalling around 50 lakh.
1. I don’t want to use axis credit cards as they may block rewards due to the heavy business transactions.
2. Indusind bank has denied to give any further credit card against fixed deposit citing all business transactions on earlier cards.
Divas_Garg
TF Buzz
I am eagerly looking to get Indusind bank tiger credit card has its reward rate when spends cross 5 lakh rs is very good. Plus its conversion to airmiles is also superb. But bank has denied me this card as I already have many cards.
Divas_Garg
TF Buzz
Has anyone incurred any problem with kotak credit cards being used for business purposes?
If u get via kotak black privy program..no prob
Bcz u have high NRV .
They will solve even if it occur.
bhavik886151
TF Premier
As some one earlier mentioned don't do business transaction on personal credit card
because with in a year almost all these card will block by bank as you are fetching to much reward points and cash back from the bank
and once they close the cards you can not justify the transactions as you used that card for business transaction
you may loss many reward points and cashback as well also it might happen they will not allowed you to apply credit card in future
my 3 cards already close by axis bank an ICICI for the high value transaction
also there is chance of Income Tax notice to
you have all the purchase bills and everything on books then also they will harass you
so better to switch the business card low reward rates but peaceful
because with in a year almost all these card will block by bank as you are fetching to much reward points and cash back from the bank
and once they close the cards you can not justify the transactions as you used that card for business transaction
you may loss many reward points and cashback as well also it might happen they will not allowed you to apply credit card in future
my 3 cards already close by axis bank an ICICI for the high value transaction
also there is chance of Income Tax notice to
you have all the purchase bills and everything on books then also they will harass you
so better to switch the business card low reward rates but peaceful