Suggestion for big expenses

[amitr29]

Hi,

I have some expenses coming up for home renovation. The vendor is not accepting credit card. What are the options I have to make payment directly to vendor's account and maximise rewards.

Approx expenses 25- 30 lacs

1) I have Reserve, Magnus, Vistara, Sapphiro, Platinum Travel, Gold Charge and Citi Prestige.

2) I will get the genuine invoice for the transaction.

Also, I will have subsequent GST to be paid. So, which card can give me best GST payment benefit.

Thanks

 

[sxchzy]

1.Reach your magnus milestone
2, reach your plat travel milestone
3.reserve milestone
4.citi prestige/vistara according to your air travel needs

 

[amitr29]

1.Reach your magnus milestone
2, reach your plat travel milestone
3.reserve milestone
4.citi prestige/vistara according to your air travel needs

But which Platform should I use? As quoted earlier, vendor doesn't accept credit card. I will have to use some payment app and maximize rewards

 

[SSV]

But which Platform should I use? As quoted earlier, vendor doesn't accept credit card. I will have to use some payment app and maximize rewards

It is a complicated one..
The app you choose should be accpetable to Vendor also.
If you want to use wallet to bank transfer , then some apps charge for this transfer also..
either way you are looking at minimum of 3- 5 % charges...

ANyway, whatever you choose, don't spend more than 10 L on one CC, to avoid unnecessary trouble with ITD notices..

 

[amitr29]

It is a complicated one..
The app you choose should be accpetable to Vendor also.
If you want to use wallet to bank transfer , then some apps charge for this transfer also..
either way you are looking at minimum of 3- 5 % charges...

ANyway, whatever you choose, don't spend more than 10 L on one CC, to avoid unnecessary trouble with ITD notices..

If I use Mobiquik with Magnus, will I get points?

 

[SSV]

I think AX*S doesn't award any rewards for wallet loads

 

[SSV]

For Amex CC, I use, Paytm which charges ~2.5% loading charges. Them if the vendor has paytm wallet it is free to transfer.
I will get 1.5 % rewards in paytm

 

[sxchzy]

go for bharat nxt as you can show valid invoices

 

[live.himanshu]

I too have an upcoming expense of approx 10Lakh for a shopping, hospital etc. It will be via card swipe. I have Axis Ace, SBI Cashback, ICICI Amazon, SBI Simplyclick. How can I maximise rewards ?

 

[Buttman]

For Amex CC, I use, Paytm which charges ~2.5% loading charges. Them if the vendor has paytm wallet it is free to transfer.
I will get 1.5 % rewards in paytm

Care to elaborate? Like vendor needs paytm scanner or paytm machine?

 

[simplegarv]

Hi,

I have some expenses coming up for home renovation. The vendor is not accepting credit card. What are the options I have to make payment directly to vendor's account and maximise rewards.

Approx expenses 25- 30 lacs

1) I have Reserve, Magnus, Vistara, Sapphiro, Platinum Travel, Gold Charge and Citi Prestige.

2) I will get the genuine invoice for the transaction.

Also, I will have subsequent GST to be paid. So, which card can give me best GST payment benefit.

Thanks

If the vendor has HDFC QR Code then it will be 1.1%+GST for all the amount. As, you're getting all the invoices then there will be no issue using the credit cards.