Anyone tried using bharatnxt in recent few days wanna know if its working as i have to pay bills of 2+ lakhs
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Need update about bharatnxt
- Thread starter saver-user
- Start date
Net net yes - when i make payments with either SC Ultimate/IDFC wealth to pay my HDFC Tata Neu Infinity rupay card.
Plus also on paying other card dues from my Tata neu Rupay card (1.5% rewards for the entire payment with no charges) - for now atleast.
not sure when restrictions might be in place for these 🙂 so making the best out of it when you can !
Plus also on paying other card dues from my Tata neu Rupay card (1.5% rewards for the entire payment with no charges) - for now atleast.
not sure when restrictions might be in place for these 🙂 so making the best out of it when you can !
I am not writing against above method.
But last month I tried some account transfers via Bharnxt and Snapay into self and Wife account. Although eventually all money got credited, but overall I felt it's time consuming, risky. And untill and unless money is settled, peace of mind won't be there.
Now this month I have to pay from pocket to cover the last month inflated credit card bill.
It's not my cup of tea.
I am just sharing my views. Please ignore if anybody felt otherwise.
But last month I tried some account transfers via Bharnxt and Snapay into self and Wife account. Although eventually all money got credited, but overall I felt it's time consuming, risky. And untill and unless money is settled, peace of mind won't be there.
Now this month I have to pay from pocket to cover the last month inflated credit card bill.
It's not my cup of tea.
I am just sharing my views. Please ignore if anybody felt otherwise.
to ne honestly this method is for those who have surplous amount in there bank and they can rotate without worry about the debt at all.
Opposite, why you would waste your time if you already have surplus amount In your account and rotate money for sake of change reward gain, that penny for that individual.
No its not penny...rotating 1L from 4 magnus cards will give you almost 1l if you know what i mean 😉
True only if you dont know what u r doing ..
FYI : i dont encourage anything
Genuine question - say i pay my hdfc infinia cc bill using magnus - axis comes to me and asks to show proof that bharatnxt payment was personal - how do i explain paying cc bill using this ?
(Again my intent here is to learn based on people's experience as to what flies and what doesn't)
Just for your learning purposes paying one credit card via another is legit [but banks dont like this]
You can justify sharing your Bill generated on your name when asked for invoices.
experts correct me will be happy to learn!
Thread 'Bharat NXT usage with Magnus' https://www.technofino.in/community/threads/bharat-nxt-usage-with-magnus.12212/
This might help.
thanks @NikhilTravelLover
I went over that thread , does not mention what to do when facing such issues with hdfc (hdfc is good to go bank from the list on that thread)
In meantime i added my amex platinum as payee in bharatnext though . so will try with a couple 100 there, to begin with
I went over that thread , does not mention what to do when facing such issues with hdfc (hdfc is good to go bank from the list on that thread)
In meantime i added my amex platinum as payee in bharatnext though . so will try with a couple 100 there, to begin with
It come with risk. Bacause of people rotating money to much, banks are scrutinizing such payments. Be aware if your doing it.
You are absolutely right . I will just do with couple of hundred to see how things work . Will rather hold for couple of months before I try to dip in further.
CreditFreak
TF Select
I have seen people used to rotate money using paytm business. But eventually their account got blocked and lost thousands of rupees. Organizations can block your account on basis of malpractice and choose not to return the balance.
Yes. It should not be used to rotate money/credit balances. Or may be folks should use it after understanding risk.
That said, I don't think it should be a problem if I have to pay into my society's account a lumpsum or to my kids' tuition teachers. At least that is what i am thinking when I am going ahead with couple of transactions.
Nah it wont be a problem unless you dont have tution gee reciepts or any utility with a reciept .
Well I don't have it , but it's gettable. So good.
get all the receipts / produce salary slips if you pay to maid/driver etc.
