Best card for NPS Contribution

[Waynoway]

Last update: 10-04-24

• HDFC : Milestone benefits only ✅
• HSBC Cashback: 0% ✅
• AMEX Gold Charge: 1 MR/50 + Milestone benefits ✅
• AMEX SmartEarn/ MRCC: Milestone benefits only ✅
• AU Zenith: Milestone benefits only ✅
• AU Zenith+: 1% + Milestone benefits ✅
• ICICI APay: 1% ✅
• SC Smart: 2% ✅
• SC Ultimate: 2% (Govt. transaction)

Note: Mostly other cards from same bank works with varied reward rate and similar rule of exclusion.

Tip: IDFC, IndusInd, BOB provides better rewards using payzapp like prepaid card load (MCC: wallet) which you can use to pay NPS compared to direct payment where you'll get from 0.25% to 0.8% only on these cards.

For NPS payments MCC: 9399 (Govt. Services)

Do check both payment gateways Razorpay and Billdesk (above values are according to Billdesk gateway).

Also, do share missing cards rewards that you tried, will update accordingly.

PG Charges (with GST) on NPS website/app:

• VISA, Mastercard & AMEX = 0.885% (0.75% + GST)

Note: Above are for TIER 1. TIER 2 disabled credit card payments (based on latest available options).

If in doubt, always try test transaction and confirm with support. Things may chage any time, proceed with caution.

 

[hackymanoj]

Mine is getting continuously failed when making payment via billdesk nps app. Now I'm stuck with 50k in payzapp wallet

 

[hackymanoj]

Mine is getting continuously failed when making payment via billdesk nps app. Now I'm stuck with 50k in payzapp wallet

Got it resolved, looks like they are levying surcharge and I didn't have enough money. They have refunded the surcharge amount today for the transaction made yesterday.

 

[cch]

Got 1002 Miles on Atlas (4% in Airmiles terms) + Moved closer to milestone benefit.

 

[sidmanraj]

Got it resolved, looks like they are levying surcharge and I didn't have enough money. They have refunded the surcharge amount today for the transaction made yesterday.

Does adding money in payzapp via indusind legend gives points?

 

[sm9811911]

Does adding money in payzapp via indusind legend gives points?

Y e s. Double on weekends

 

[sidmanraj]

Y e s. Double on weekends

So you are just making 0.75% profit?
You get 1.75% points.
You will also pay charges for using credit card.

 

[LordSpymaster]

Confirming that I got 101 points on my Gold Charge today on a 5K transaction. See the screenshot below.

Paid another 45K via 2 transactions, got points for that as well. 👍🏻

 

[helloworld]

Paid another 45K via 2 transactions, got points for that as well. 👍🏻

SIP will give you better rewards, right? (6x1000 for every month upto 8 or 9 months)

 

[LordSpymaster]

SIP will give you better rewards, right? (6x1000 for every month upto 8 or 9 months)

I can manage to get the monthly points each month, not really worries about that.

 

[RajBlr]

Paid another 45K via 2 transactions, got points for that as well. 👍🏻

NSDL NPS is allowing credit card payments?

I am not getting the option for Tier-2 payment in Billdesk and RazorPay

 

[its_karan]

NSDL NPS is allowing credit card payments?

I am not getting the option for Tier-2 payment in Billdesk and RazorPay

T1 not T2

 

[RajBlr]

T1 not T2

So CC is not supported payment for T2 then?

 

[sm9811911]

So CC is not supported payment for T2 then?

No o o

 

[sxchzy]

only tier 1 supports cc
use billdesk for amex
no base reward points though and charges are 0.75% + gst

 

[Vickymaster1010]

Do u get cv points in vistaar for nps payment?

 

[bargainHunter]

Will axis Magnus give rewards on nps T1 spends till 20 April?

 

[b4bhar]

Guys, why isn't anyone speaking about AU LIT CC?
I’ve checked the exclusion list for milestone cashback calculations. Its only fuel, rent, insurance and cash withdrawals are exclused from the calculations. So, my best bet would AU LIT i guess. Lets take the below scenario where i would like to invest 30k into NPS.

I will do that 30k investment in 3 months with 10k each per month as the max cashback for milestone spends is 500 ( 5% of 10000).

So, i can get 1500 cashback from the 30k investment using AU LIT card. If i exclude the 1% fee and the product feature fee which is 1500-300-352 = 847 is the net profit here. Is this correct or am i missing something here?

 

[helloworld]

Guys, why isn't anyone speaking about AU LIT CC?
I’ve checked the exclusion list for milestone cashback calculations. Its only fuel, rent, insurance and cash withdrawals are exclused from the calculations. So, my best bet would AU LIT i guess. Lets take the below scenario where i would like to invest 30k into NPS.

I will do that 30k investment in 3 months with 10k each per month as the max cashback for milestone spends is 500 ( 5% of 10000).

So, i can get 1500 cashback from the 30k investment using AU LIT card. If i exclude the 1% fee and the product feature fee which is 1500-300-352 = 847 is the net profit here. Is this correct or am i missing something here?

do test transaction and let us know whether you're still getting or not.

AU Bank Credit Cards Devaluation News WEF 1st April 2024

AU Bank sending email notifications to their credit card holders informing upcoming devaluation updates. 1. Discontinuation of Reward Points/Cashback: AU Credit Cardholders will not earn Reward Point/Cashback on the below mentioned spends categories & on BBPS transactions starting 1st...

www.technofino.in

 

[S D S]

only tier 1 supports cc
use billdesk for amex
no base reward points though and charges are 0.75% + gst

i got the error this card not supported for Amex plat travel, and MRCC

 

[sxchzy]

use billdesk not razorpay for tier 1