Warning for prepaid card users (like tide) and credit card users

[sm9811911]

Please beware of spending high amount on business prepaid cards (like tide) if you are not showing any business income in your tax returns. There are good chances of income tax notice (depending on usage). It will be very difficult to explain your activities in case you get notice. This is a business expense card not a personal use credit card. While registering you give your pan card and agree you will be doing business expense so very easy to track income/ return by income tax dept.
Above 10Lakhs use, there is high chances of a notice but even with 3-4 lakhs usage you may get notice.

Similarly, you may get notice if you use your non-commercial credit cards more than what you can explain by your disclosed income.

Recently, seeing many students etc asking questions on how to respond to income tax notice, so want to write this for some of you who are not aware of this (I know majority of you will be aware).

 

[Tejo]

Please beware of spending high amount on business prepaid cards (like tide) if you are not showing any business income in your tax returns. There are good chances of income tax notice (depending on usage). It will be very difficult to explain your activities in case you get notice. This is a business expense card not a personal use credit card. While registering you give your pan card and agree you will be doing business expense so very easy to track income/ return by income tax dept.
Above 10Lakhs use, there is high chances of a notice but even with 3-4 lakhs usage you may get notice.

Similarly, you may get notice if you use your non-commercial credit cards more than what you can explain by your disclosed income.

Recently, seeing many students etc asking questions on how to respond to income tax notice, so want to write this for some of you who are not aware of this (I know majority of you will be aware).

Tide card is a prepaid card, how can it will attract income tax notice.

If tide users.get then people using hdfc platinum DC, indus dc, rbl dc users too will get. (I.e who do 10 lakhs txns in a annum)

 

[ksen13]

Tide card is a prepaid card, how can it will attract income tax notice.

If tide users.get then people using hdfc platinum DC, indus dc, rbl dc users too will get. (I.e who do 10 lakhs txns in a annum)

Hdfc bill pay seye agar 750 cashback Lena Hain to per month 75,000 use karna padega..that means 75,000×12 = 9,00,000...
Aur baki debit card like indusind etc to Hain hi....ye maine sirf ek bank ka bola...agar indusind bank ko bhi assume kar liya kayen to suppose is bank ke debit card seye bhi 5,00,000 spend ho gaya ..

In this scenario income tax seye notice aata Hain kya ??
Maine generally kabhi bhi suna nahin hain ki debit card spend Jayda karne par income tax....
Hya par according to income tax 10,00,000 cash deposit karne seye IT DEPARTMENT notice bhejta hain.....


Par agay online UPI TRANSACTION AND DEBIT CARD transaction 10,00,000 seye zayda ho to koi pareshani hoga kya ??
Kisi ko huwa abhi tak ??

 

[aayusharyan]

Hdfc bill pay seye agar 750 cashback Lena Hain to per month 75,000 use karna padega..that means 75,000×12 = 9,00,000...
Aur baki debit card like indusind etc to Hain hi....ye maine sirf ek bank ka bola...agar indusind bank ko bhi assume kar liya kayen to suppose is bank ke debit card seye bhi 5,00,000 spend ho gaya ..

In this scenario income tax seye notice aata Hain kya ??
Maine generally kabhi bhi suna nahin hain ki debit card spend Jayda karne par income tax....
Hya par according to income tax 10,00,000 cash deposit karne seye IT DEPARTMENT notice bhejta hain.....


Par agay online UPI TRANSACTION AND DEBIT CARD transaction 10,00,000 seye zayda ho to koi pareshani hoga kya ??
Kisi ko huwa abhi tak ??

SFT is usually on CC spends over 10L, not DC spends, I think.

 

[Tejo]

Does there will be income tax notice on prepaid card and debit card ??

@TechnoFino @Abhishek012

 

[Abhishek012]

Does there will be income tax notice on prepaid card and debit card ??

@TechnoFino @Abhishek012

Kya chal raha hai DD par bhi maine explain kiya tha ispar.

 

[Abhishek012]

Copy paste my DD comment here -

All Prepaid cards and Gift cards are corporate cards or Platinum corporate cards.

Payzapp virtual visa card is also corporate card,

ICICI Pockets virtual visa card is also corporate card,

Bank gift cards are also corporate cards.

Tide RuPay card is also Platinum corporate cards.

There is no difference between all Prepaid cards and Gift cards.

Note - RuPay currently dnt issue any Business prepaid cards.

So, What's Tide Prepaid card, is it business card or not ?

100% no. This is just a marketing gimmick to grab business customers.

I will give you few example -

Hope! you heard about Junio RuPay card (teenagers card)

Now if i will tell you Warning for Junio RuPay teenagers card users. Please beware of spending high amount on your teenager Junio card. If your teenage child don't have any income. There are good chances of income tax notice (depending on usage). It will be very difficult to explain your teenage child activities in case he/she get notice. Blah blah blah

But do you guys think so ?

No. Why ?

Because this is human psychology. This is how our brain works.

Teenager prepaid card - our brain will think - oh its safe card. Teenager/child means "koi chota mota chiz hai."

Payzapp virtual corporate wallet prepaid card - our brain will think - oh wallet card i am 100% safe. Thank god pura 5 lakhs wallet ka use karunga. Mai safe hu kyunki yeh wallet card hai.

Now Tide Wallet business corporate prepaid card - our brain will think - Business ??????????? OMG! OMG! OMG! business card. isse durr rahena hai. Income tax notice aa jayega. DD pe sab ko bata deta hu logo ko yeh business card hai, Kya pata UPSC exam me bhi aa jaye. 😀😀

I give you one more example, this is real life example not a joke -

Coupl app RuPay wallet prepaid card - many users ask me Coupl app eligible for single person ? because some users think its only for couples. One guy ask me bhai yeh coupl app single logo k liye bhi hai kya ? i said yes. He again ask me sure na bhai ? i replied haan bhai. he said - Bhadiya tab toh thik hai. Another guy told me he didnt signup coupl app yet because he thik coupl app only for couples.

See, all prepaid wallet cards are same. Startup entrepreneurs just find a new new ways to grab customers.

Some wallet cards promote as -

India's first numberless card,
India's first virtual only card,
Coupl card for couples,
Teenagers card,
parents & child cards,
business card,
influencer card,
shopping card,
women's card,
aur pata nahi kya kya hai yaar.
Falana card, Dimkana card etc.

All are PPI issue wallet cards yaar. Bas marketing gimmick hai aur kuch certain area ko capture karne aur investor ko ek unique ideas dekha kar investment lene k liye karte hai.

Last thing, All wallet prepaid card usages - pros and cons are same. Doesn't matter its promote as normal wallet prepaid card or business prepaid card.

Another Copy paste my DD comment here -

US/EU markets are different.

Tide India does not have a license in India nor it is regulated by the RBI.

Tide has no control over the money in our wallet nor Tide know any details of Tide wallet card transactions.

Then How Tide card work ?

Answer - same like any other 3rd party wallets work.

Tide card is powered by Transcorp International Ltd. Transcorp have RBI's PPI issuer license.

RBI Restricts Access To Card Transaction Data. In these directions, it asked co-branding partners to keep their hands off card transaction data. The RBI has, this time, gone straight for the fintech jugular – access to data.
Without the data, the FinTech firms cannot do customisations or cross-sell products.

So, without any data, Tide cannot report these transactions to IT deptt.

last thing, If you want to understand better then what's Tide or Tide card ? Tide is nothing in India. On paper, Tide does not exist in India. Tide dnt have license in India, Tide is just a virtual company and nothing else.

We are using Tide because we trust on Transcorp International Ltd and RBI.

You can launch your own wallet partnership with Transcorp International Ltd.

And you can sell it however you want.

You can call your Card is Teenager card, Female card, Business card, Women card, Numberless card, Corporate card, Couples card, Transgender Card, Old-age Card, youngsters Card etc.

But you don't get any card transaction data or control your customers wallet money. All these controlled by Transcorp International Ltd.

If any transaction failed or no refund or any fraud happen. You just receive the complaint and forward to the Transcorp International Ltd.

Transcorp International Ltd will handle everything A2Z.

One more my copy paste reply from DD comment -

Yes i know Tide has its registered office in India.

I meant to say, Tide is not directly regulated by the RBI or any govt agency.

99% of Tide is dependent on Transcorp International Limited, that's why i said Tide is virtual company.

Infact, Tide dnt need Level 3 certification from NPCI/RuPay Card.

Transcorp has Level 3 certification from NPCI/RuPay Card.

NPCI officially call them, these types of companies are partners of partner.

 

[ksen13]

Copy paste my DD comment here -

All Prepaid cards and Gift cards are corporate cards or Platinum corporate cards.

Payzapp virtual visa card is also corporate card,

ICICI Pockets virtual visa card is also corporate card,

Bank gift cards are also corporate cards.

Tide RuPay card is also Platinum corporate cards.

There is no difference between all Prepaid cards and Gift cards.

Note - RuPay currently dnt issue any Business prepaid cards.

So, What's Tide Prepaid card, is it business card or not ?

100% no. This is just a marketing gimmick to grab business customers.

I will give you few example -

Hope! you heard about Junio RuPay card (teenagers card)

Now if i will tell you Warning for Junio RuPay teenagers card users. Please beware of spending high amount on your teenager Junio card. If your teenage child don't have any income. There are good chances of income tax notice (depending on usage). It will be very difficult to explain your teenage child activities in case he/she get notice. Blah blah blah

But do you guys think so ?

No. Why ?

Because this is human psychology. This is how our brain works.

Teenager prepaid card - our brain will think - oh its safe card. Teenager/child means "koi chota mota chiz hai."

Payzapp virtual corporate wallet prepaid card - our brain will think - oh wallet card i am 100% safe. Thank god pura 5 lakhs wallet ka use karunga. Mai safe hu kyunki yeh wallet card hai.

Now Tide Wallet business corporate prepaid card - our brain will think - Business ??????????? OMG! OMG! OMG! business card. isse durr rahena hai. Income tax notice aa jayega. DD pe sab ko bata deta hu logo ko yeh business card hai, Kya pata UPSC exam me bhi aa jaye. 😀😀

I give you one more example, this is real life example not a joke -

Coupl app RuPay wallet prepaid card - many users ask me Coupl app eligible for single person ? because some users think its only for couples. One guy ask me bhai yeh coupl app single logo k liye bhi hai kya ? i said yes. He again ask me sure na bhai ? i replied haan bhai. he said - Bhadiya tab toh thik hai. Another guy told me he didnt signup coupl app yet because he thik coupl app only for couples.

See, all prepaid wallet cards are same. Startup entrepreneurs just find a new new ways to grab customers.

Some wallet cards promote as -

India's first numberless card,
India's first virtual only card,
Coupl card for couples,
Teenagers card,
parents & child cards,
business card,
influencer card,
shopping card,
women's card,
aur pata nahi kya kya hai yaar.
Falana card, Dimkana card etc.

All are PPI issue wallet cards yaar. Bas marketing gimmick hai aur kuch certain area ko capture karne aur investor ko ek unique ideas dekha kar investment lene k liye karte hai.

Last thing, All wallet prepaid card usages - pros and cons are same. Doesn't matter its promote as normal wallet prepaid card or business prepaid card.

Another Copy paste my DD comment here -

US/EU markets are different.

Tide India does not have a license in India nor it is regulated by the RBI.

Tide has no control over the money in our wallet nor Tide know any details of Tide wallet card transactions.

Then How Tide card work ?

Answer - same like any other 3rd party wallets work.

Tide card is powered by Transcorp International Ltd. Transcorp have RBI's PPI issuer license.

RBI Restricts Access To Card Transaction Data. In these directions, it asked co-branding partners to keep their hands off card transaction data. The RBI has, this time, gone straight for the fintech jugular – access to data.
Without the data, the FinTech firms cannot do customisations or cross-sell products.

So, without any data, Tide cannot report these transactions to IT deptt.

last thing, If you want to understand better then what's Tide or Tide card ? Tide is nothing in India. On paper, Tide does not exist in India. Tide dnt have license in India, Tide is just a virtual company and nothing else.

We are using Tide because we trust on Transcorp International Ltd and RBI.

You can launch your own wallet partnership with Transcorp International Ltd.

And you can sell it however you want.

You can call your Card is Teenager card, Female card, Business card, Women card, Numberless card, Corporate card, Couples card, Transgender Card, Old-age Card, youngsters Card etc.

But you don't get any card transaction data or control your customers wallet money. All these controlled by Transcorp International Ltd.

If any transaction failed or no refund or any fraud happen. You just receive the complaint and forward to the Transcorp International Ltd.

Transcorp International Ltd will handle everything A2Z.

One more my copy paste reply from DD comment -

Yes i know Tide has its registered office in India.

I meant to say, Tide is not directly regulated by the RBI or any govt agency.

99% of Tide is dependent on Transcorp International Limited, that's why i said Tide is virtual company.

Infact, Tide dnt need Level 3 certification from NPCI/RuPay Card.

Transcorp has Level 3 certification from NPCI/RuPay Card.

NPCI officially call them, these types of companies are partners of partner.

So beautiful so elegant just reading and saying "wow"....

 

[ksen13]

Copy paste my DD comment here -

All Prepaid cards and Gift cards are corporate cards or Platinum corporate cards.

Payzapp virtual visa card is also corporate card,

ICICI Pockets virtual visa card is also corporate card,

Bank gift cards are also corporate cards.

Tide RuPay card is also Platinum corporate cards.

There is no difference between all Prepaid cards and Gift cards.

Note - RuPay currently dnt issue any Business prepaid cards.

So, What's Tide Prepaid card, is it business card or not ?

100% no. This is just a marketing gimmick to grab business customers.

I will give you few example -

Hope! you heard about Junio RuPay card (teenagers card)

Now if i will tell you Warning for Junio RuPay teenagers card users. Please beware of spending high amount on your teenager Junio card. If your teenage child don't have any income. There are good chances of income tax notice (depending on usage). It will be very difficult to explain your teenage child activities in case he/she get notice. Blah blah blah

But do you guys think so ?

No. Why ?

Because this is human psychology. This is how our brain works.

Teenager prepaid card - our brain will think - oh its safe card. Teenager/child means "koi chota mota chiz hai."

Payzapp virtual corporate wallet prepaid card - our brain will think - oh wallet card i am 100% safe. Thank god pura 5 lakhs wallet ka use karunga. Mai safe hu kyunki yeh wallet card hai.

Now Tide Wallet business corporate prepaid card - our brain will think - Business ??????????? OMG! OMG! OMG! business card. isse durr rahena hai. Income tax notice aa jayega. DD pe sab ko bata deta hu logo ko yeh business card hai, Kya pata UPSC exam me bhi aa jaye. 😀😀

I give you one more example, this is real life example not a joke -

Coupl app RuPay wallet prepaid card - many users ask me Coupl app eligible for single person ? because some users think its only for couples. One guy ask me bhai yeh coupl app single logo k liye bhi hai kya ? i said yes. He again ask me sure na bhai ? i replied haan bhai. he said - Bhadiya tab toh thik hai. Another guy told me he didnt signup coupl app yet because he thik coupl app only for couples.

See, all prepaid wallet cards are same. Startup entrepreneurs just find a new new ways to grab customers.

Some wallet cards promote as -

India's first numberless card,
India's first virtual only card,
Coupl card for couples,
Teenagers card,
parents & child cards,
business card,
influencer card,
shopping card,
women's card,
aur pata nahi kya kya hai yaar.
Falana card, Dimkana card etc.

All are PPI issue wallet cards yaar. Bas marketing gimmick hai aur kuch certain area ko capture karne aur investor ko ek unique ideas dekha kar investment lene k liye karte hai.

Last thing, All wallet prepaid card usages - pros and cons are same. Doesn't matter its promote as normal wallet prepaid card or business prepaid card.

Another Copy paste my DD comment here -

US/EU markets are different.

Tide India does not have a license in India nor it is regulated by the RBI.

Tide has no control over the money in our wallet nor Tide know any details of Tide wallet card transactions.

Then How Tide card work ?

Answer - same like any other 3rd party wallets work.

Tide card is powered by Transcorp International Ltd. Transcorp have RBI's PPI issuer license.

RBI Restricts Access To Card Transaction Data. In these directions, it asked co-branding partners to keep their hands off card transaction data. The RBI has, this time, gone straight for the fintech jugular – access to data.
Without the data, the FinTech firms cannot do customisations or cross-sell products.

So, without any data, Tide cannot report these transactions to IT deptt.

last thing, If you want to understand better then what's Tide or Tide card ? Tide is nothing in India. On paper, Tide does not exist in India. Tide dnt have license in India, Tide is just a virtual company and nothing else.

We are using Tide because we trust on Transcorp International Ltd and RBI.

You can launch your own wallet partnership with Transcorp International Ltd.

And you can sell it however you want.

You can call your Card is Teenager card, Female card, Business card, Women card, Numberless card, Corporate card, Couples card, Transgender Card, Old-age Card, youngsters Card etc.

But you don't get any card transaction data or control your customers wallet money. All these controlled by Transcorp International Ltd.

If any transaction failed or no refund or any fraud happen. You just receive the complaint and forward to the Transcorp International Ltd.

Transcorp International Ltd will handle everything A2Z.

One more my copy paste reply from DD comment -

Yes i know Tide has its registered office in India.

I meant to say, Tide is not directly regulated by the RBI or any govt agency.

99% of Tide is dependent on Transcorp International Limited, that's why i said Tide is virtual company.

Infact, Tide dnt need Level 3 certification from NPCI/RuPay Card.

Transcorp has Level 3 certification from NPCI/RuPay Card.

NPCI officially call them, these types of companies are partners of partner.

By the way jokes apart thanks @Abhishek012 ..I really appreciate your efforts..

But Mera ek query Hain tumne pre-paid card ka baare mein batyana lekin about Debit card ke baare mein to nahin bataya ..


Hum Jo debit card seye itna huge huge amount ka credit card bill payments karte hain just for getting cashback usse koi pareshani nahi hogi to ??

Let's assume in HDFC debit card ..
There are many users including me jo apne hdfc platinum Debit card seye credit card ka bill payments karta Hain aur 750 cashback per month loot ta hain ..

So now tell me 750 cashback Lena ke liye 75,000 ka transaction by bank account karna padta Hain ...right ??
That means 75,000 × 12 = 9,00,000
To total 9,00,000 transaction in the whole year and also iske alwa other UPI transactions wagera bhi hota hain right ?? To usko bhi assume kar leta Hain ki total 9,00,000 ( Debit card spends + 2,00,000 UPI spends personal transfers total = 11,00,000 from A BANK ACCOUNT IN one financial year)

Apart from these other banks seye bhi hum transactions wagera karte hain like agar hdfc debit card ka cashback limit exhausted ho jata hain to hum indusind bank ka debit card seye karta Hain....right ??


To main Mera is message ka question yehi Hain ki debit card spends from Different bank accounts seye agar hum karta Hain to USSE INCOME TAX KA KOI PROBLEM HOGA KYA??

kyun ki according to income tax 10,00,000 CASH DEPOSIT IN A FINANCIAL YEAR WILL ATTACT IT DEPARTMENT...
10,00,000 CREDIT CARD BILL PAYMENTS WILL ATTRACT IT DEPARTMENT

BUT THERE is no such limit in income tax portal for debit card & UPI spends
Also I am not depositing cash in my savings account just UPI seye credit karke bill payment by debit card kar leta hun...

So kabhi kisi ko pareshani huwa hya kya ?? DEBIT card and UPI spends ke liye ??

 

[aniruddhaadhe]

Copy paste my DD comment here -

All Prepaid cards and Gift cards are corporate cards or Platinum corporate cards.

Payzapp virtual visa card is also corporate card,

ICICI Pockets virtual visa card is also corporate card,

Bank gift cards are also corporate cards.

Tide RuPay card is also Platinum corporate cards.

There is no difference between all Prepaid cards and Gift cards.

Note - RuPay currently dnt issue any Business prepaid cards.

So, What's Tide Prepaid card, is it business card or not ?

100% no. This is just a marketing gimmick to grab business customers.

I will give you few example -

Hope! you heard about Junio RuPay card (teenagers card)

Now if i will tell you Warning for Junio RuPay teenagers card users. Please beware of spending high amount on your teenager Junio card. If your teenage child don't have any income. There are good chances of income tax notice (depending on usage). It will be very difficult to explain your teenage child activities in case he/she get notice. Blah blah blah

But do you guys think so ?

No. Why ?

Because this is human psychology. This is how our brain works.

Teenager prepaid card - our brain will think - oh its safe card. Teenager/child means "koi chota mota chiz hai."

Payzapp virtual corporate wallet prepaid card - our brain will think - oh wallet card i am 100% safe. Thank god pura 5 lakhs wallet ka use karunga. Mai safe hu kyunki yeh wallet card hai.

Now Tide Wallet business corporate prepaid card - our brain will think - Business ??????????? OMG! OMG! OMG! business card. isse durr rahena hai. Income tax notice aa jayega. DD pe sab ko bata deta hu logo ko yeh business card hai, Kya pata UPSC exam me bhi aa jaye. 😀😀

I give you one more example, this is real life example not a joke -

Coupl app RuPay wallet prepaid card - many users ask me Coupl app eligible for single person ? because some users think its only for couples. One guy ask me bhai yeh coupl app single logo k liye bhi hai kya ? i said yes. He again ask me sure na bhai ? i replied haan bhai. he said - Bhadiya tab toh thik hai. Another guy told me he didnt signup coupl app yet because he thik coupl app only for couples.

See, all prepaid wallet cards are same. Startup entrepreneurs just find a new new ways to grab customers.

Some wallet cards promote as -

India's first numberless card,
India's first virtual only card,
Coupl card for couples,
Teenagers card,
parents & child cards,
business card,
influencer card,
shopping card,
women's card,
aur pata nahi kya kya hai yaar.
Falana card, Dimkana card etc.

All are PPI issue wallet cards yaar. Bas marketing gimmick hai aur kuch certain area ko capture karne aur investor ko ek unique ideas dekha kar investment lene k liye karte hai.

Last thing, All wallet prepaid card usages - pros and cons are same. Doesn't matter its promote as normal wallet prepaid card or business prepaid card.

Another Copy paste my DD comment here -

US/EU markets are different.

Tide India does not have a license in India nor it is regulated by the RBI.

Tide has no control over the money in our wallet nor Tide know any details of Tide wallet card transactions.

Then How Tide card work ?

Answer - same like any other 3rd party wallets work.

Tide card is powered by Transcorp International Ltd. Transcorp have RBI's PPI issuer license.

RBI Restricts Access To Card Transaction Data. In these directions, it asked co-branding partners to keep their hands off card transaction data. The RBI has, this time, gone straight for the fintech jugular – access to data.
Without the data, the FinTech firms cannot do customisations or cross-sell products.

So, without any data, Tide cannot report these transactions to IT deptt.

last thing, If you want to understand better then what's Tide or Tide card ? Tide is nothing in India. On paper, Tide does not exist in India. Tide dnt have license in India, Tide is just a virtual company and nothing else.

We are using Tide because we trust on Transcorp International Ltd and RBI.

You can launch your own wallet partnership with Transcorp International Ltd.

And you can sell it however you want.

You can call your Card is Teenager card, Female card, Business card, Women card, Numberless card, Corporate card, Couples card, Transgender Card, Old-age Card, youngsters Card etc.

But you don't get any card transaction data or control your customers wallet money. All these controlled by Transcorp International Ltd.

If any transaction failed or no refund or any fraud happen. You just receive the complaint and forward to the Transcorp International Ltd.

Transcorp International Ltd will handle everything A2Z.

One more my copy paste reply from DD comment -

Yes i know Tide has its registered office in India.

I meant to say, Tide is not directly regulated by the RBI or any govt agency.

99% of Tide is dependent on Transcorp International Limited, that's why i said Tide is virtual company.

Infact, Tide dnt need Level 3 certification from NPCI/RuPay Card.

Transcorp has Level 3 certification from NPCI/RuPay Card.

NPCI officially call them, these types of companies are partners of partner.

@Abhishek012 can Transcorp report 10L above transaction to IT department? 🤞🏼

 

[Tejo]

@Abhishek012 can Transcorp report 10L above transaction to IT department? 🤞🏼

10l for cc

30l for prepaid ... depends on transcorp

 

[ravi0101]

10l for cc

30l for prepaid ... depends on transcorp

are uh sure about prepaid card annual limit?

 

[Abhishek012]

10l for cc

30l for prepaid ... depends on transcorp

Bhai yeh kaha se uthaya 30 Lakh for prepaid (PPI) ?

@Tejo

 

[Tejo]

Bhai yeh kaha se uthaya 30 Lakh for prepaid (PPI) ?

@Tejo

Revenge hai kya? 🤣🤣🤣

It depends upon the card & issuer bank.

Except business and expense cards remaining have restriction limit of 30lakh .... so I said 30 lakh.

Actually there's no restriction on prepaid and there's no income tax notice on prepaid card usage.

But accounts can be blocked for non-fair usage.

 

[Abhishek012]

Revenge hai kya? 🤣🤣🤣

It depends upon the card & issuer bank.

Except business and expense cards remaining have restriction limit of 30lakh .... so I said 30 lakh.

Actually there's no restriction on prepaid and there's no income tax notice on prepaid card usage.

But accounts can be blocked for non-fair usage.

Ya. Interesting thing is that Tide Business card offer t&c clearly written not eligible for business use.

If you apply HDFC business moneyback CC, Regalia business CC variant etc.

HDFC will also block your card, if you use for business transaction.

HDFC have special commercial/corporate credit cards for business purpose -

Commercial Cards: Apply for Best Commercial Cards Online in India | HDFC Bank

Commercial Cards from HDFC Bank - Apply online for best credit cards in India to avail attractive offers, rewards points & exclusive privileges. Go ahead & find your right credit card now.

www.hdfcbank.com

Many students got pre-approved HDFC business moneyback card without any income proof and business details because these are not business cards.

 

[Tejo]

Ya. Interesting thing is that Tide Business card offer t&c clearly written not eligible for business use.

If you apply HDFC business moneyback CC, Regalia business CC variant etc.

HDFC will also block your card, if you use for business transaction.,

HDFC have special commercial/corporate credit cards for business purpose -

Commercial Cards: Apply for Best Commercial Cards Online in India | HDFC Bank

Commercial Cards from HDFC Bank - Apply online for best credit cards in India to avail attractive offers, rewards points & exclusive privileges. Go ahead & find your right credit card now.

www.hdfcbank.com

Many students got pre-approved HDFC business moneyback card without any income proof and business details because these are not business cards.

Actually rbi restricts that credit cards can't be given ..... without stable income source for the applicant.

But the sarkari bank uses all loop holes.

Hdfc sends pre-approved offers based on the region and analysed data.

That sarkari bank analyses everything..... data chor.