Debit card for business spends

[shazansalim]

I have an IDFC First Bank Wealth debit card.
For around 3 lac spends every month I'll get reward points equivalent to 6500 rupees. I have a couple of questions as follows:

1. Are there any other debit cards that will give me better benefits on spend of above 3 lac per month?

2. My father will be making 3 lac+ spends from my debit card, and then transferring back the amount through NEFT at the end of every month. Will such large transactions cause any issue if we assume that each month he will spend a minimum of 3 lac?

 

[imdjay]

Yes. I won't suggest doing such things.
First, your Reward account will be blocked, then your savings account.

 

[shazansalim]

Yes. I won't suggest doing such things.
First, your Reward account will be blocked, then your savings account.

Do you know any such case where the card got blocked? I think debit card transactions are not as strict as credit card transactions. But I don't have much knowledge or prior experience about the matter

 

[Wealth is my birth right!]

Do you know any such case where the card got blocked? I think debit card transactions are not as strict as credit card transactions. But I don't have much knowledge or prior experience about the matter

If your ITR is more than 40l then monthly 3l will not get any notice

 

[imdjay]

Do you know any such case where the card got blocked? I think debit card transactions are not as strict as credit card transactions. But I don't have much knowledge or prior experience about the matter

Y E S. And so many others here.

If your ITR is more than 40l then monthly 3l will not get any notice

He is not talking about IT only. He is asking overall if there would be any kind of issue. And if he does those transaction regularly, i am 100% sure, his reward account will be blocked first and then his savings account. This is what we have seen with idfc.

 

[RS_]

Do you know any such case where the card got blocked? I think debit card transactions are not as strict as credit card transactions. But I don't have much knowledge or prior experience about the matter

If your ITR don't match yor CC spends, you might get notice
And if you can't justify the notice you may face penalties