TATA Nue Infinity Credit Card for insurance payment

rajib

KF Ace
What is the benefit of using TATA Nue Infinity Credit Card for insurance payment (LIC)? Is there any monthly capping? What about recharge and utility bill payment benefit in this card? and what is the capping? Please help.
 

Skylar

KF Master
What is the benefit of using TATA Nue Infinity Credit Card for insurance payment (LIC)? Is there any monthly capping? What about recharge and utility bill payment benefit in this card? and what is the capping? Please help.
You are having that card? or you are going to apply?
 

Gogineni

KF Expert
Check out the comparison of TATA Nue Infinity Credit Card for insurance payment (LIC) and other utility bills here.

 

Adhikanshmax

KF Rookie
Benefits Accidental air death cover worth ₹1 Crore
Emergency overseas hospitalization: up to 15 lakhs
Lost Card Liability Cover: Up to 9 lakhs
 

rajib

KF Ace
Check out the comparison of TATA Nue Infinity Credit Card for insurance payment (LIC) and other utility bills here.

is insurance payment consider as bill payment in this infinity card? using TATA Nue app.
 

rajib

KF Ace
Let's break down the benefits of using the TATA Nue Infinity Credit Card for insurance payments, recharges, and utility bill payments:

Insurance Payment (LIC)

* Benefit: There's no direct benefit specifically for LIC payments with this card. However, you generally enjoy the standard benefits of using a credit card, such as:
* Reward Points: Earn reward points on your insurance premium payments, which can be redeemed for various rewards like cashback, airline miles, or merchandise.
* Insurance Protection: Some credit cards offer insurance coverage for things like accidental death, air travel, and purchase protection. Check the terms and conditions of the TATA Nue Infinity card for details.
* Monthly Capping: There's no specific monthly capping on insurance payments. However, your overall credit card spending may be subject to limits set by your credit card issuer.

Recharge and Utility Bill Payment Benefits

* Benefit: You usually get reward points on these payments, but specific benefits may vary depending on the recharge or utility provider.
* Monthly Capping: The TATA Nue Infinity card doesn't explicitly mention a monthly cap on recharge and bill payments. However, it's a good idea to check the terms and conditions for potential limits.

Other Important Points:

* Reward Points: The TATA Nue Infinity Credit Card typically offers reward points based on your spending. Check the card's terms for the specific point accumulation structure.
* Capping on Overall Spending: The card may have a monthly or annual spending limit. Make sure you understand these limits to avoid any issues.
* Fees: There might be transaction fees associated with certain payments, like recharges or bill payments. Double-check the card's terms to confirm.

My Recommendation:

* Thoroughly Review the Card's Terms and Conditions: The TATA Nue Infinity Credit Card's terms and conditions are the definitive source of information about its benefits and limitations. Read them carefully, especially the sections related to rewards, fees, and limits.
* Compare with Other Cards: If you're looking for specific benefits like higher reward points on insurance payments, recharges, or bill payments, compare other credit cards that offer these features.
* Contact the Issuer: If you have any questions or need clarification about specific benefits, don't hesitate to contact the TATA Nue Infinity Credit Card issuer directly. They can provide you with the most accurate and up-to-date information.

Remember, using a credit card for everyday expenses like insurance premiums, recharges, and utility bills can be a convenient way to earn reward points and potentially enjoy other benefits. But always be sure to understand the terms and conditions of your card to make informed financial decisions.
don't send AI generated reply.
 

rajib

KF Ace
Check out the comparison of TATA Nue Infinity Credit Card for insurance payment (LIC) and other utility bills here.

then kindly rectify the TATA Nue Infinity insurance payments cashback details.
 

marshal

KF Ace
From August 1, 2024 After change in HDFC card rules, paying utility bills more than 50,000 would attract 1% convience fee and 18% GST will be levied on that convience fee. Insurance payment I considered as utility transaction.

So, plan accordingly.
 
I've Tata Neu Infinity Rupay Credit card and I need to do LIC payment for 51K. Just to check what does it offer, I paid the same yesterday on Tata Neu app using the credit card option. Need to see how many Neu coins I'll be getting (if applicable) once statement is generated.
 
I've Tata Neu Infinity Rupay Credit card and I need to do LIC payment for 51K. Just to check what does it offer, I paid the same yesterday on Tata Neu app using the credit card option. Need to see how many Neu coins I'll be getting (if applicable) once statement is generated.
Hello


If you had paid via credit card by generation otp instead of using UPI then in the statement you will get 5% as neu coins (1.5% directly at the transaction + extra 3.5% as TataPayments in 2nd page of statement)

So ideally you should get:
51K*1.5% + 51K*3.5% = 765 + 1785 = 2550

But the limit per day for Insurance payment is 40K, that means you can only earn 2000 coins max per day.

6L is limit per year.
 

abhimarda

KF Mentor
Hello


If you had paid via credit card by generation otp instead of using UPI then in the statement you will get 5% as neu coins (1.5% directly at the transaction + extra 3.5% as TataPayments in 2nd page of statement)

So ideally you should get:
51K*1.5% + 51K*3.5% = 765 + 1785 = 2550

But the limit per day for Insurance payment is 40K, that means you can only earn 2000 coins max per day.

6L is limit per year.
There are 1% charges + GST in utility payment more than 50k in one month. Someone in the forum had paid insurance more than 50k and told 1% charges were levied
 
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