LOKES_1997
KF Rookie
I have 2 manufacturing facility every month i pay the electricity charges of 26 + 20 Lacks each month. Kindly guide me to use what credit card for maximum benefit
Credit card for electricity bill of more than 25 Lakh per Month
- Thread starter LOKES_1997
- Start date
Skylar
KF Master
For such a substantial amount, most credit cards are unlikely to offer rewards and may even impose additional charges.
HDFC Biz Black Credit Card - Upto 16.67% Reward Points - Minimum spends required Rs. 50,000 to earn 5X; Maximum 7500 5X Reward Points Per Month.
Axis Primus Credit Card - 5% Airmiles - But axis would block card for commercial usage. Same with other banks unless they issued business card.
doctoramar
KF Mentor
For such a big amount only commercial/ business cards will work.Biz black will work for regular rewards at 3.3%.U can try business cards from any other bank also
LOKES_1997
KF Rookie
can you suggest any
YashGaurav
KF Ace
Hey,what I can see for you is that you can use multiple credit cards and best for you could be as follows
HDFC infinia
American express card
Axis atlas/magnus
Hdfc tata neu infinity
Icici emeralde
Let say you have to pay 40 lakh for electricity bill,,the best possible what I can think is to pay 5 lakhs from 7-8 different credit card or 4 lakhs from 10 credit cards.I hope this might helps
doctoramar
KF Mentor
Sbi/icici/axis all have business credit cards.But the reward rates may not be high.But over such big payments even a small reward rate will give u good returns.
Biz black can be got with fd backing if u can find a good rm/bm to help u.
My advise is not to use personal cards for these bill payments.Sooner or later banks will block the cards and create a problem.
Biz black can be got with fd backing if u can find a good rm/bm to help u.
My advise is not to use personal cards for these bill payments.Sooner or later banks will block the cards and create a problem.
