Convert Insurance Premiums into Reward Earning Spends

Insurance payments earn zero rewards on most cards. Use these methods to earn instead.

By FinWiz24 Editorial

4 min read

13 April 2026

Updated 22 July 2026

FinWiz24 Editorial

Rewards Utility Bills Insurance

Convert Insurance Premiums into Reward Earning Spends

What you'll do

1
Amazon Pay gift cards: Buy Amazon Pay gift cards using your reward card (earns full rewards), then use Amazon Pay to pay insurance premiums on platforms that accept it.
2
CRED: Pay insurance premiums via CRED using your credit card. Some cards earn rewards on CRED spends, though the MCC may vary.
3
Policybazaar: Some cards treat Policybazaar as a retail MCC rather than insurance MCC, earning full rewards.
4
HDFC SmartBuy: Buy insurance gift cards on SmartBuy for 5X rewards on Infinia/Diners Club Black.
5
Card-specific features: HDFC Infinia earns 5 points per ₹150 on all retail spends — check if your insurance MCC qualifies.

Important disclaimers

T&Cs apply. We don't endorse anything that violates a bank's T&Cs. If a trick stops working after a T&C change, the post is archived and an [Updated] post is published.

Cards that unlock this trick

HDFC Bank

HDFC Bank Regalia Gold Credit Card

4 reward points per ₹150 — Best for travel · lounge-access · premium.

travel

Annual Fee

₹2,500

Reward Rate

4 reward points per ₹150

View Details

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Written by FinWiz24 Editorial

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Frequently asked questions about this trick

Is "Convert Insurance Premiums into Reward Earning Spends" still working in 2026?

Every trick on FinWiz24 is re-tested during the 30-day data-refresh cycle. The "Last reviewed" date at the top of this page is the date of the most recent verification — if a trick stops working after a bank changes its T&Cs, the post is archived and an Updated post is published instead.

Does this trick work on every credit card?

No — most tricks require a specific card feature (reward accelerator, milestone benefit, partner-network spend, etc.). The "Cards that unlock this trick" section below lists 12 cards that currently support this approach. If your card is not on the list, the trick does not apply and following it may not deliver the expected reward.

Does this trick violate any bank's terms and conditions?

Every trick listed on FinWiz24 is screened against the issuer's published T&Cs before publication. If a trick were to violate T&Cs, the bank could claw back rewards, suspend the card, or close the account. We don't publish tricks that cross that line; the Important disclaimers block above lists the conditions under which a trick may be reclassified or withdrawn.

How much can I save by following this trick?

It depends on your monthly spend and the cards in the unlock list. The reward calculators at /calculators can simulate a specific scenario: feed in your monthly category-wise spend, your card's reward rate, and the trick's expected incremental reward, and you'll get a rough annual value. Use the lifetime savings calculator for the break-even point at which the trick more than pays for the annual fee.

Do I need to pay annual fees to use this trick?

Some tricks require paid cards; others work on lifetime-free cards. The unlock-cards grid below is annotated with annual fee and lifetime-free flag (visible on each card tile). If you only want lifetime-free options, filter the full card catalog for that flag and re-check the unlock list against your filtered results — there is usually at least one eligible card.

What you'll do

Important disclaimers

Cards that unlock this trick

HDFC Bank Regalia Gold Credit Card

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Frequently asked questions about this trick

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