Bhanu Agarwal
TF Premier
I gone through lots of threads but now lots of cards has been devaluated so just want to know what cards can be used to get max of cashback. Please suggest guys...
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Best card for NPS payments Jan 2024
- Thread starter Bhanu Agarwal
- Start date
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- Tags
- credit card 2024 nps payment
Bhanu Agarwal
TF Premier
Refer thread https://www.technofino.in/community/threads/best-card-for-nps-contribution.2996/post-489872.
Yes, as per people comments in Jan 2024 --> Amex was the best card to pay NPS by achieving the milestone.
Please ask there
Akshay Ajmera
TF Buzz
Anyone is able to add money in nps tier 1 using credit card?
b4bhar
TF Select
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?
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?
kirancardfreek
TF Buzz
tried loaded nps with payzapp it is not accepting now , transaction is getting failed . 10K got stuck in payzapp Please assist
SpidySpider
TF Premier
You tried paying through payzapp prepaid card and the transaction is failing? Check if you have set any transaction limit in payzapp? Try for a smaller amount once, see it if goes through
Niekket Walke
TF Buzz
I invest in NPS through my Amex Gold Card. Works beautifully and your get MRs as well (1 MR for every 50).
Niekket Walke
TF Buzz
Yes correct! Gold is very beneficial when it comes to Utility payments, Fuel, NPS etc. For MRCC best is to buy 4 vouchers of 1500 each.
b4bhar
TF Select
but the main catch is that MRCC is free as 1.5L spends is easy with utilities but there is no waiver for Gold i guess. Other downside is only 2X rewards with MRCC while gold gives 5X i think
Niekket Walke
TF Buzz
Yes Gold gives 5X on RM. As far as renewal fees goes I think we can talk to AMEX customer service and ask for some MRs or some reduction. There are threads on this forum which talk about that.
badrisrinivas9
TF Buzz
Will nps payment be included for milestone on amex plat travel?
Niekket Walke
TF Buzz
I just want to make sure I get some points on every transaction I make. If I can pay NPS through my card and get some points, I am happy with that. I have other expenses where I maximize my points.
b4bhar
TF Select
0.75% card fee + GST is applicable though.
Niekket Walke
TF Buzz
I know and I am fine with it as the long term appreciation of the NPS will be much more.
