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Cards for paytm wallet reload

Thanks @kkk Then how about using IDFC Select to transfer 50k to Paytm wallet, then again transfer to bank ? We get reward points as well as get the money back to pay the CC bill. IDFC Select has some weird reward calculation as 10X after 'incremental spends on 25000'. Does it mean for anything above 25k spent on a transaction, reward points are 10X and for 25K it will be 1X I think.
 
Thanks @kkk Then how about using IDFC Select to transfer 50k to Paytm wallet, then again transfer to bank ? We get reward points as well as get the money back to pay the CC bill. IDFC Select has some weird reward calculation as 10X after 'incremental spends on 25000'. Does it mean for anything above 25k spent on a transaction, reward points are 10X and for 25K it will be 1X I think.
So, I have tried it this month and I received 6x rewards (which converts to 1.2%). Have to wait for billing cycle to end to see if we get 10x for >25k. I have transferred around 47k this month. But keep in mind that Paytm charges 2.35% for wallet reload and if you transfer the amount frequently to bank then this charge can go up to 4.35% in coming months. I normally use paytm wallet amount to pay credit card bill.
 
Ahh Yes. completely missed that part of Paytm wallet reload charges ! Yes does not make sense to load Paytm Wallet using IDFC Select unless the Rewardpoints are covering up for the paytm charges. probably whenver paytm offers a discount to load wallet using Credit card, it would be good to use IDFC Select/Wealth
 
Ahh Yes. completely missed that part of Paytm wallet reload charges ! Yes does not make sense to load Paytm Wallet using IDFC Select unless the Rewardpoints are covering up for the paytm charges. probably whenver paytm offers a discount to load wallet using Credit card, it would be good to use IDFC Select/Wealth
Yeah. I received 1.5% cashbackpoints so did the transaction.
 
Ahh Yes. completely missed that part of Paytm wallet reload charges ! Yes does not make sense to load Paytm Wallet using IDFC Select unless the Rewardpoints are covering up for the paytm charges. probably whenver paytm offers a discount to load wallet using Credit card, it would be good to use IDFC Select/Wealth
You can use Zomato payment section for loading paytm wallet upto 4000 INR without any charges.
 
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