I need to make a payment of appox 20 Lacs. Payment can be made using different options. I want to get maximum benefit while making payment. Please note that this will be just one single transaction. However, I need to check with merchant if multiple transaction is allowed or not.
Below options are available to me:
1. Net banking - In this case, there are no charges. But, as far as I know, there is no reward point in any bank for netbanking payment.
2. Debit card - There are charges of 1000 rupees in total, But which debit card should I use to get maximum benefit? Also no debit card provide such a higher limit for one single transaction.
3. Credit card - I will have to pay 20,000 rupees in charges. Also this transaction will be reported to Income Tax via AIR (Annual Information Return) by bank which I want to avoid. I have a credit card of IDFC first with limit of 4.9 lacs. Getting 20 Lac limit is another challenge.
Since it will be just one time transaction, if I open any new account or get any new card, I will discontinue it after availing offer.
Below options are available to me:
1. Net banking - In this case, there are no charges. But, as far as I know, there is no reward point in any bank for netbanking payment.
2. Debit card - There are charges of 1000 rupees in total, But which debit card should I use to get maximum benefit? Also no debit card provide such a higher limit for one single transaction.
3. Credit card - I will have to pay 20,000 rupees in charges. Also this transaction will be reported to Income Tax via AIR (Annual Information Return) by bank which I want to avoid. I have a credit card of IDFC first with limit of 4.9 lacs. Getting 20 Lac limit is another challenge.
Since it will be just one time transaction, if I open any new account or get any new card, I will discontinue it after availing offer.