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LIC payment through Tata Neu card

Riva

TF Premier
LIC signature card also gives 2% on LIC and 1% on others always
Yes, but rewards are valid for 12 months only.
I think now best way is to buy Amazon gift card and use that balance to pay for insurance premium.
Apay gift cards are limited to 50K in 3 months, so you have to plan accordingly. Unfortunately for me, its a 80K premium to be paid in Nov, so cannot use this and looking for another option.

Using credit cards, you can buy e-Gift Card up to a maximum amount of:
  • ₹10,000 in a single order
  • ₹30,000 in 30 days
  • ₹40,000 in 60 days
  • ₹50,000 in 90 days
 

harsh1387

TF Ace
Yes, but rewards are valid for 12 months only.

Apay gift cards are limited to 50K in 3 months, so you have to plan accordingly. Unfortunately for me, its a 80K premium to be paid in Nov, so cannot use this and looking for another option.

Using credit cards, you can buy e-Gift Card up to a maximum amount of:
  • ₹10,000 in a single order
  • ₹30,000 in 30 days
  • ₹40,000 in 60 days
  • ₹50,000 in 90 days
This is good to know info.
I will buy 20k Amazon voucher from Amex gyftr via mrcc.
Will buy 12k Amazon voucher from e gift card via Amazon pay card.
Will make 32k insurance premium then with Amazon pay balance.

I hope this can be done right?
 

AlgoTrader

TF Ace
This is good to know info.
I will buy 20k Amazon voucher from Amex gyftr via mrcc.
Will buy 12k Amazon voucher from e gift card via Amazon pay card.
Will make 32k insurance premium then with Amazon pay balance.

I hope this can be done right?
Will buy 12k Amazon voucher from e gift card via Amazon pay card. - this will give only 1%, right?
 

niket

TF Buzz
Using credit cards, you can buy e-Gift Card up to a maximum amount of:
  • ₹10,000 in a single order
  • ₹30,000 in 30 days
  • ₹40,000 in 60 days
  • ₹50,000 in 90 days

Are these limits only for purchasing e-gift card on amazon's own website/app?
Do they apply to gift cards purchased via gyftr as well?
 

Riva

TF Premier
Ideally 1.5% shows as base coins in the statement and reflects next to the transaction and the remaining 3.5% will show as bonus coins at the bottom of the statement. Can you check the statement and confirm?

So, through Tata Neu app it is 1.5% and through Amazon pay card in Amazon it will be 2%..
 

Enthusiast

TF Premier
Ideally 1.5% shows as base coins in the statement and reflects next to the transaction and the remaining 3.5% will show as bonus coins at the bottom of the statement. Can you check the statement and confirm?
Bonus coins of 3.5% will be reflected in the same statement or next billing cycle statement??

3.5% Bonus coins are not visible in the same statement to me...
 

Riva

TF Premier
Neu Infinity Rupay card is eligible for 1.5% coins with a cap of 500 per month and not 5% coins.

Refer the fair usage policy at the link

Document is also attached.
 

Attachments

  • download.pdf
    336.2 KB · Views: 33

Sai Ganesh

TF Premier
This is good to know info.
I will buy 20k Amazon voucher from Amex gyftr via mrcc.
Will buy 12k Amazon voucher from e gift card via Amazon pay card.
Will make 32k insurance premium then with Amazon pay balance.

I hope this can be done right?
Buy 12k amazon vouchers in gyftr using SBI CB CC , it gives 5% cashback bro.
 
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