[Income Tax Payment] Card which provide benefit on Tax Payment

[dealsense]

Hi,

Can anyone please share credit cards which provide rewards on Income tax payment?

HDFC Infinia, SBI Cashback, AMEX MRCC, Axis Magnus, Yes first Exclusive == I have these cards but none of them provide anything in this category.

Thanks,
anant

 

[Tejas]

Axis Atlas - Upto 7 Miles per Rs. 100 (Depending on Milestones being hit)

For those mentioning Amex, Income Tax website does not accept Amex Cards.

 

[amitagl27]

Late post, however, if you've Au bank Zenith card, you can still go for tax payment to achieve milestone.
I paid 3L (+2832/-) and got 15140 RP (~3500 RS). Not any significant benefit but atleast you march closer to the milestone.

 

[sousnake]

IDFC wealth also gives reward points 6 per 100, 10 per 100 above 30k.

 

[mojo_jojo123]

IDFC wealth also gives reward points 6 per 100, 10 per 100 above 30k.

what is value of one point of IDFC wealth

 

[sousnake]

what is value of one point of IDFC wealth

1 rp - 0.25, so 1.5% return per 100 upto 30k above that 2.5%

 

[girish3456]

Hi,

Can anyone please share credit cards which provide rewards on Income tax payment?

HDFC Infinia, SBI Cashback, AMEX MRCC, Axis Magnus, Yes first Exclusive == I have these cards but none of them provide anything in this category.

Thanks,
anant

expand...

Check for IDFC First Wealth credit card. It gives 3 reward points for every 100 rupees spent. However these government spends are not considered for 10x rewards though you pay 30,000 and above.

3 reward points for 100 rupees will be 75 paise for every 100 spent. I personally paid for tax payment last year and again will use it next month. Some thing is better than nothing that's what I feel where maximum banks are excluded all types of government payments from giving the reward points.

Note: No expiry for reward points & it's a LTF card. Also IDFC First Wealth card can also be applied as c2c

 

[sousnake]

Check for IDFC First Wealth credit card. It gives 3 reward points for every 100 rupees spent. However these government spends are not considered for 10x rewards though you pay 30,000 and above.

3 reward points for 100 rupees will be 75 paise for every 100 spent. I personally paid for tax payment last year and again will use it next month. Some thing is better than nothing that's what I feel where maximum banks are excluded all types of government payments from giving the reward points.

Note: No expiry for reward points & it's a LTF card. Also IDFC First Wealth card can also be applied as c2c

Are you sure about 3x. I recently paid 5k tax, total was 5047rs and it shows 242 points which is 6x for idfc select.
5047/125*6 = 242

 

[divyam_taparia]

Check for IDFC First Wealth credit card. It gives 3 reward points for every 100 rupees spent. However these government spends are not considered for 10x rewards though you pay 30,000 and above.

3 reward points for 100 rupees will be 75 paise for every 100 spent. I personally paid for tax payment last year and again will use it next month. Some thing is better than nothing that's what I feel where maximum banks are excluded all types of government payments from giving the reward points.

Note: No expiry for reward points & it's a LTF card. Also IDFC First Wealth card can also be applied as c2c

but income tax portal takes like .91% so dosen't make any sense?

 

[techt]

but income tax portal takes like .91% so dosen't make any sense?

I recently paid advance tax using IDFC wealth cc. It gives cashback of 1.5% till 30k and 2.5% later on. PG is about 1%. Effectively 0.5% till 30k and 1.5% later on.

 

[divyam_taparia]

I recently paid advance tax using IDFC wealth cc. It gives cashback of 1.5% till 30k and 2.5% later on. PG is about 1%. Effectively 0.5% till 30k and 1.5% later on.

What is Pg?

 

[varun__goel_]

What is Pg?

Payment gateway charges

 

[Dad0h0j0]

if you own a business account with HDFC bank they can provide you with BIZ CARD.

and their BizBlack Matel card gives 5x rewards for paying taxes. and GST. (but has joining and annual fee of 10k)

they have lower variants cards also which provide rewards and cashbacks for GST And it payment.

 

[Dad0h0j0]

if you own a business account with HDFC bank they can provide you with BIZ CARD.

and their BizBlack Matel card gives 5x rewards for paying taxes. and GST. (but has joining and annual fee of 10k)

they have lower variants cards also which provide rewards and cashbacks for GST And it payment.

You can learn more about that

Hdfc launch 4 new business credit card

Biz Black Metal Edition Credit Card (https://www.hdfcbank.com/personal/pay/cards/business-credit-cards/biz-black) 5 Reward Points for every ₹ 150 spent (1 RP is equal to upto ₹1) 5X Reward Points on Bill Payments via PayZapp/SmartPay, Income Tax, GST & vendor payments via Swifti & SmartHub...

www.technofino.in

 

[zephyr0]

IDFC wealth card was my go-to for any tax or government payments like property tax etc. After the recent devaluation, IDFC Wealth gives only 0.75% rewards, which is not even enough to cover the payment gateway charges levied by such sites.

What is the alternative today - I have Infinia, Axis Magnus, Amex plat travel & IDFC wealth cards. Any help from the folks here is appreciated

 

[kapendra]

IDFC wealth card was my go-to for any tax or government payments like property tax etc. After the recent evaluation, IDFC Wealth gives only 0.75% rewards, which is not even enough to cover the payment gateway charges levied by such sites.

What is the alternative today - I have Infinia, Axis Magnus, Amex plat travel & IDFC wealth cards. Any help from the folks here is appreciated

I used amex travel card for payment property tax it's comes under utility confirmed with customer care as well so no rewards only will be eligible for milestone benefits

 

[sousnake]

I used amex travel card for payment property tax it's comes under utility confirmed with customer care as well so no rewards only will be eligible for milestone benefits

How come property tax utility? Shouldn't it be govt. spends?

 

[CVR]

What’s the best card for tax payments now? Don’t have hdfc biz black card.

 

[zephyr0]

Regrettably, there are not many options left. Yes Marquee gives 1.25% rewards, which is slightly more than the CC gateway charges. Yes bank, Reserv 3X gets you 2.25% for govt transactions.
I am not sure which other card gives any rewards on government payment

 

[kapendra]

How come property tax utility? Shouldn't it be govt. spends?

Payment gateway portal is payubiz
And amex /PG don't know they consider certain government transactions into utility

 

[CVR]

Regrettably, there are not many options left. Yes Marquee gives 1.25% rewards, which is slightly more than the CC gateway charges. Yes bank, Reserv 3X gets you 2.25% for govt transactions.
I am not sure which other card gives any rewards on government payment

Has anyone experience of using Yes Reserve for 3x points for tax payment?