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Using your RuPay credit card to transfer money through your own merchant QR code to your father’s loan account might seem clever, but it could cause big headaches with banks and tax authorities. Here’s why: 🚨 The Problems 1. RuPay Credit Card Rules ● You’re supposed to use RuPay credit...

If you used your RuPay credit card via UPI for transactions totaling ₹5–6 lakh, and all those transactions were fully refunded in the same billing cycle (so you paid nothing), here’s what matters for the ₹10 lakh annual spend reporting rule: RuPay Credit Card UPI transactions are treated the...

Refunded credit card transactions (where you pay nothing in the end) are not counted towards the ₹10 lakh annual spend limit for tax department reporting, as long as your net payment remains below the threshold. Always maintain clear documentation of all spends and refunds for the records. ✌️

Bank-to-bank (non-cash) transactions do not have this threshold but may be scrutinized if deemed suspicious

Depositing cash in smaller amounts (like ₹1 lakh every 3–4 days) into a current or cash credit account does not automatically avoid scrutiny if the total deposits in the financial year cross ₹50 lakh. Banks are required to report aggregate cash deposits exceeding ₹50 lakh in current accounts to...

It is allowed, but expect scrutiny and ensure you have proper documentation for the source of funds.✌️

Wait until you turn 21, and start with Any LTF Core CC of HDFC Amazon Pay ICICI LTF CC Swiggy HDFC CC Axis Airtel CC Tata Neu Infinity RuPay CC

CCs with Milestone Benefits like Axis Atlas, Amex Platinum etc.

Agreed ✌️ & Thanks for the specific details. That's why, Expense tracking and Financial planning helps in avoiding such unnecessary limitations and keep things running smoothly. 🤗

If you have not activated the Sapphiro cards (i.e., not completed the OTP-based activation), as per RBI guidelines, the card issuer should automatically close the card after 30 days (with a 7-day grace period, total 37 days) and you should not be charged any joining or annual fee. However, since...

Mobikwik has been one of the most consistent apps when it comes to flat cashback offers [at present, get 1% cashback (up to ₹25) and 1% supercash (up to ₹100)] Plus, if you spend using an SBI Virtual Debit Card(₹0 Annual/Renewal Fees), you'll earn unlimited Yono Rewards points worth 0.5% of...

Absolutely! Go for the Airtel Axis Credit Card, it’s a great choice considering your spending. ✌️ If your annual merchant UPI spends & other expenses (where you can't make use of Swiggy HDFC, Amazon ICICI, or Airtel Axis CC) add up to around ₹1 lakh or more, then it’s worth considering the Tata...

If I were in your shoes: I’d try to arrange an Amazon Pay ICICI Credit Card with a sufficient limit from friends or family. After receiving my order, I’d pay their credit card bill[Total Purchase Amount - Total Cashback] via MobiKwik using my SBI Virtual Debit Card to maximize savings. (Tip: If...

If Lenovo's 5% cashback is processed separately and HDFC Swiggy Card recognizes Lenovo as an eligible merchant, you should get 10% total cashback. 🤗 To be sure: Check Lenovo’s terms to confirm all cards qualify. Verify HDFC’s merchant category eligibility for Lenovo. Look for past user...

Congratulations on starting your professional journey! 🎉 This is an exciting milestone, and choosing the right CC can help you maximize savings while aligning with your travel goals. My Recommendation will be to go with CCs with Milestone benefits like Axis Atlas, Amex Platinum, HDFC Regalia...

Nope because it's an Invite-only CC. Try reaching out your HDFC relationship manager regarding the same. 🫡

It might be because your credit portfolio does not align with your income, according to the bank. Revaluate your credit portfolio and close unnecessary CCs which doesn't aligns with your spending habits. As per my personal experiences, being a member of HDFC Preferred or Imperia Banking...

Try improving your Credit utilization by making it Below 7-9% and Credit Mix by reducing unsecured CC & Loans(Personal loan) and adding Secured CC & Loans(Home loan) 🤗

Close any unnecessary credit cards, and try to avoid applying for a new credit card or loan for at least 6 to 9 months. 👍