Suggest ways to make grocery payment of around 50 lakh per month

[doraemon]

I can explain more in detail:
I make purchases on behalf of someone else who buy wholesale groceries from departmental stores. Then they make me payment by deducting around 1percent.
The rest reward points is my earning

Hey sir
I am also in rotation but at small level (monthly 2-3lac)
Need suggestions on how to avoid accounts freeze in high loads and withdrawals

 

[Divas_Garg]

All 5 are in your name? You mean 5 primary card.

And here axis and hdfc are not giving upgrade to people who already have same card as ads on.

Yes bro all cards in my name but all cards are backed by fd

 

[Divas_Garg]

Hey sir
I am also in rotation but at small level (monthly 2-3lac)
Need suggestions on how to avoid accounts freeze in high loads and withdrawals

Never deposit cash to credit cards.
Otherwise all depends on bank how they treat it

 

[sidp]

Yup
1. Flipkart wholesale app
2. Metro wholesale app
3. Reliance wholesale
4. Udaan

For wholesale there is hdfc flipkart wholesale cc

 

[doraemon]

Never deposit cash to credit cards.
Otherwise all depends on bank how they treat it

No sir I don't have cc
I have dc and doing rotation on them for some chindi cashback as pocket money

Like SBI 1lac pm for 250rs
Millennia dc 40k pm for 400rs

 

[Divas_Garg]

For wholesale there us hdfc flipkart wholesale cc

But its maximum cashback per month is only upto 1000 rs

 

[Divas_Garg]

No sir I don't have cc
I have dc and doing rotation on them for some chindi cashback as pocket money

Like SBI 1lac pm for 250rs
Millennia dc 40k pm for 400rs

U can then go for pinnacle card by getting it against FD.

 

[Vasuki]

No sir I don't have cc
I have dc and doing rotation on them for some chindi cashback as pocket money

Like SBI 1lac pm for 250rs
Millennia dc 40k pm for 400rs

Tu cool ho ja

Aur icici me fd krke cc lele .
6 month me safalta mil jayegi

Baba ki kripa hai

 

[Tejo]

Even wallmart .

Flipkart owned by Wal-Mart only

 

[Vasuki]

Flipkart owned by Wal-Mart only

Saw that in Kota
Walmart act stand alone


I know bansal sold their soul to Walmart uncle & now working as toothless leader 😂

 

[Shubham Yadav]

Tu cool ho ja

Aur icici me fd krke cc lele .
6 month me safalta mil jayegi

Baba ki kripa hai

Ek asli rotator khabhi cool nhi rehta

Hamesha use kuch chull rehti hi h

Tf mai dekho

 

[Vasuki]

Ek asli rotator khabhi cool nhi rehta

Hamesha use kuch chull rehti hi h

Tf mai dekho

@Abhishek012 dekho kya ho rha hai
Mai rehta toh nhi sehta 😁

 

[jetesh]

I make purchases online of around 50 lakh every month for my business purpose. All these purchases are made through online payment and all transactions come under GROCERY category.

Currently I am using following cards for these payments:
1. Indusind bank pinnacle credit card
2. AU Zenith
3. SBI Cashback only upto 1 lakh

Earlier I used HDFC credit cards but now they have capped reward points for grocery at 2000 points per month. I don't want to use axis cards as they might block my account. Please suggest me credit cards or other ways to make these payments to earn maximum points without any capping. @TechnoFino

Thanks in advance.

Bro kaha restaurant open kiya hai ???

 

[Tejo]

Bro kaha restaurant open kiya hai ???

Restaurant nhi cold storage, finally man takes advantage while we are in inflation.

 

[Riya]

I make purchases online of around 50 lakh every month for my business purpose. All these purchases are made through online payment and all transactions come under GROCERY category.

Currently I am using following cards for these payments:
1. Indusind bank pinnacle credit card
2. AU Zenith
3. SBI Cashback only upto 1 lakh

Earlier I used HDFC credit cards but now they have capped reward points for grocery at 2000 points per month. I don't want to use axis cards as they might block my account. Please suggest me credit cards or other ways to make these payments to earn maximum points without any capping. @TechnoFino

Thanks in advance.

50L grocery😳😳😳
Are you making a bailout package for some Dmart store? 🤣🤣

 

[Abhi5467]

He is the final boss every Bank fears the most💀 Bhai itne spends business CC me karoge to bank 365 din ek RM de dega free me pair dabane k liye!

 

[bhavik886151]

That’s why I want to switch to business card with better return.

Regarding income tax notice, all my transactions are properly accounted for and all reward points earned are subjected to tax as per income tax. So even if I receive notice then it won’t have any affect

it is not about effect it is about the harassment by the government officers which you and the CA may face

 

[bhavik886151]

Not high chance. A definite outcome.
This would amount to serious tax evasion. So Itd can reopen till 11years after the fy end.

no there is no tax evasion at all if you record all your purchase and sales invoices he is just doing arbitrage and there is nothing wrong in it he can justify it but it is tough

 

[bhavik886151]

How much high value transaction .
Compared to limit assigned

i utilized 2 to 3 times of the limit of the card like for flipkart axis they gave me limit of 1.8 lakh i used 1.5 lakh in 15 days then repay it again used 1 to 1.5 lakh and then pay 70 % of last utilization so every time at the time of bill generation i remain to pay 30-40k

 

[techt]

W

no there is no tax evasion at all if you record all your purchase and sales invoices he is just doing arbitrage and there is nothing wrong in it he can justify it but it is tough

Would not the bank close the cc for clocking that much on a personal cc.