US tuition fee using Indian Credit Cards

[chaitanya]

Hi All,
We have to pay the tuition fee of my cousin studying in the USA. I wanted to pay the fee with my Yes Bank Marquee (I also have Infinia and Magnus (non-burgendy)) credit card, So I wanted to know what will be the implications and taxation on paying this fee I also wanted to know if is a good idea to pay the US tuition fee using a credit card.

 

[HumorSimpson]

Mention the amount too. Fintos can advice you on splitting etc.,

 

[chaitanya]

the fee is 8200 USD

 

[shashankrt]

the fee is 8200 USD

Well stay away from Magnus for such payments. Useless Axis bank will not give you any rewards for stating MCC is education category or similar excluded categories.

Dont see any other issue except if you do this on a single card, it will be reported and appear under AIS if your total payments exceeds 10L on any single card.

 

[Atulvora]

I also want to pay US tuition fee using Indian credit card? Is it beneficial if Infinia is used? Thanks

 

[HumorSimpson]

I also want to pay US tuition fee using Indian credit card? Is it beneficial if Infinia is used? Thanks

Beneficial for the tuition not for you. Axis stopped rewarding Edu fee and on top of that you end up paying Forex too.