HumorSimpson
TF Prestige
aren't these rewards statement adjusted similar to wealth CC ?
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Which card to use for Advance Tax Payment
- Thread starter 787
- Start date
No PG charges using DC. Slab till 50K spend is 0.25%. Over 50K is 10x (like CC but with higher threshold).
HumorSimpson
TF Prestige
So DC whether it is online or offline, 0.25% for first 50K ?
No. They get accumulated and never expire. Upto us when we want to redeem
HumorSimpson
TF Prestige
Cash redemption available ? If so any charges ..
Yes, I use DC for some other spends which I get milestone benefits so this compensates for the lower reward till 50K
I believe redemption charge is fixed 99+GST. I see redemption can be against Amazon vouchers at 0.25% apart from a few other less attractive options.
HumorSimpson
TF Prestige
ASAP never for CCs or DCs, I take time in analyzing further.
HumorSimpson
TF Prestige
Only instance I took an instant decision was for SBI CB on its launch day.
Paid : 126704
PG Charges: 1194
6X points now showing: 7674
I think rest 4X for above 30K will be given at the time of bill generation or month end.
You can split the bill between portals. I do it in this order.
HDFC Platinum DC in HDFC bill pay : 75K
RBL signature+ in cred : 1L
Indus select visa via Paytm : 1.125 L
I have select MC but never tried till now
HumorSimpson
TF Prestige
One more question, can we pay any cc bills with IDFC wealth debit card?
Haven't tried this yet. Wary of 3rd party sites in making credit card bill payments. Getting spammed enough already with robo/unsolicited calls and offers.. Any recommendations on how to best pay credit card bills?
HumorSimpson
TF Prestige
I use Cred, Cheq, PayTM for paying CC bills by DC. You can try and let us know if it is rewarding.
BTW, IDFC wealth DC reward rate is not on the same lines with IDFC wealth CC.
For IDFC wealth DC, points earned are per 150rs.
So, for online 4x rewards upto 50K and 10x later on. means
4x = 4*0.25*100/150 = 0.66%
10x = 10*0.25*100/150 = 1.66%
Whereas for wealth CC it would be 1.5% till 30K and 2.5% later on.
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So no point pursuing wealth account as of now. I was about to do it.
HumorSimpson
TF Prestige
Wealth CC and DC are almost same wrt reward rate for this tax portals. Assuming PG charges of ~1% . CC earns 1.5-1 = 0.5 and 2.5-1 = 1.5% on par with DC.
Still IDFC wealth account can be considered for
- Forex remittance - some said it is on par with IoB.
- Free locker - no info on their experience
- If it rewards CC bill payment via DC we can double dip.
I can get 1% more while paying the credit card bill. Already have enough DCs to pay CC bill, so right now I see no point to get the wealth DC and account.
HumorSimpson
TF Prestige
Yeah I too get 1% on DC but most have a limit of 750-1000 INR per month. But this has really high limit
FIRST Rewards
FIRST Rewards
Wealth DC has a limit of 50K point limit which is approximately 10K+ INR.
But I am not sure if they can be redeemed for cash. Those links point to vouchers and they are okish.
leonneel
TF Ace
They have amazon voucher so it's good enough.Yeah I too get 1% on DC but most have a limit of 750-1000 INR per month. But this has really high limit
FIRST Rewards
www.firstrewards.com
FIRST Rewards
www.firstrewards.com
Wealth DC has a limit of 50K point limit which is approximately 10K+ INR.
But I am not sure if they can be redeemed for cash. Those links point to vouchers and they are okish.
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