Bypass vendor restrictions on Rupay credit cards

[blackhorns]

I have a business vendor which charges 1.5% on credit card payments; even disabled the use of Rupay credit cards via UPI transactions.
Monthly payment to this vendor is around 1-2 Lakhs.
Is there any workaround to it? So that I pay by any credit card and doesn't get charged 1.5% fee or overall credit card gives better net reward rate?

Thanks in advance.

 

[abhimarda]

I have a business vendor which charges 1.5% on credit card payments; even disabled the use of Rupay credit cards via UPI transactions.
Monthly payment to this vendor is around 1-2 Lakhs.
Is there any workaround to it? So that I pay by any credit card and doesn't get charged 1.5% fee or overall credit card gives better net reward rate?

Thanks in advance.

No, there isn't if you are paying to vendor directly. Some people try to transfer money to bank account from CC but that also has charges and risk (hence never recommended) but there also the charges won't work out to less than 1.5%. What you should be looking for is a high rewarding card whereby even after paying 1.5% you gain something out of it. Probably something like HDFC Biz Black or something like that.

 

[blackhorns]

No, there isn't if you are paying to vendor directly. Some people try to transfer money to bank account from CC but that also has charges and risk (hence never recommended) but there also the charges won't work out to less than 1.5%. What you should be looking for is a high rewarding card whereby even after paying 1.5% you gain something out of it. Probably something like HDFC Biz Black or something like that.

Can you recommend any other CCs? I am not eligible for Biz Black.
I currently have Regalia with 10 lakhs credit limit, I checked with my RM for upgrade to Infinia and they refused it stating I am not eligible.

 

[abhimarda]

Can you recommend any other CCs? I am not eligible for Biz Black.
I currently have Regalia with 10 lakhs credit limit, I checked with my RM for upgrade to Infinia and they refused it stating I am not eligible.

Then some of the Amex cards but your vendor will most probably won't accept it as there are much higher charges. Then you should look for higher end cards like Yes Bank Marquee card

 

[doctoramar]

I have a business vendor which charges 1.5% on credit card payments; even disabled the use of Rupay credit cards via UPI transactions.
Monthly payment to this vendor is around 1-2 Lakhs.
Is there any workaround to it? So that I pay by any credit card and doesn't get charged 1.5% fee or overall credit card gives better net reward rate?

Thanks in advance.

Only way is using business credit cards.No personal card will allow.
If u cant get biz black try for next variants biz power or biz grow.They have lower eligiblity limits and easier to get approved.
Business cards are available from IndusInd bank.

 

[blackhorns]

Only way is using business credit cards.No personal card will allow.
If u cant get biz black try for next variants biz power or biz grow.They have lower eligiblity limits and easier to get approved.
Business cards are available from IndusInd bank.

Just wondering why personal cards won't be allowed?

 

[doctoramar]

Personal cards not meant for business spends.High value transactions will attract attention.Small transactions no problem.

 

[doctoramar]

Just wondering why personal cards won't be allowed?

Not allowed in the sense not illegal.
1.High spends may be tagged and card can be blocked sometimes.
2.Surcharge of 1% or more being imposed by some cards for utility bill above a limit.
3.Also high spend on personal credit card has to match income as well.Else there could be tax issues.