60K to bank account or Paytm from credit card at 0% Charge + Extra cashback

[Nemesis]

New method uses paytm offer

You can use your credit card like flipkart axis (1.5%), Axis ace (2%) or Amazon card for extra cashback. SBI Cashback card I don't know if it gives 5% or 1%.

Click your profile... You will find cashback section from below



Goto wallet option like below




Now select below 2.5% cashback option




Next add money of 12000 for 300 cashback.
They will charge 2.35% but you get 2.5% that is 300 as cashback. Difference of 0.15% + 1.5% extra (Fk Axis) cashback.

Make sure paytm charge is 2.35%.
Also offer might be account specific.

12000 you can add 5 times.... You need to scratch the card to get 300 cashback. Also follow the same process again. Don't directly load money from any other option.

Then transfer it back to bank at 0% charge.

Later you can use any cashback debit card for CC payment to earn more.

Sorry if images are huge... Captured using phone screenshot.

Offer valid till 7th November 2022

 

[Chole_Bhature]

How Safe is this ? Does this also count as rotating money if we use this balance to pay the credit cards bill and can one get in trouble for doing so ?

 

[rp0703]

New method uses paytm offer

You can use your credit card like flipkart axis (1.5%), Axis ace (2%) or Amazon card for extra cashback. SBI Cashback card I don't know if it gives 5% or 1%.

Click your profile... You will find cashback section from below

View attachment 6340

Goto wallet option like below

View attachment 6341


Now select below 2.5% cashback option

View attachment 6342


Next add money of 12000 for 300 cashback.
They will charge 2.35% but you get 2.5% that is 300 as cashback. Difference of 0.15% + 1.5% extra (Fk Axis) cashback.

12000 you can add 5 times.... Then transfer it back to bank at 0% charge.

Sorry if images are huge... Captured using phone screenshot.

Offer valid till 7th November 2022

2.35% charge is not fixed, it's account specific. In my account Paytm charges 4.35%.

 

[bharathraj.pathi]

It is charging 4.35% for all of my cards, any idea?

 

[Nemesis]

How Safe is this ? Does this also count as rotating money if we use this balance to pay the credit cards bill and can one get in trouble for doing so ?

If you do it too much then only... 60k won't be too much. That too might be only once...

 

[rp0703]

It is charging 4.35% for all of my cards, any idea?

same here.

 

[Nemesis]

It is charging 4.35% for all of my cards, any idea?

What cards are you all using? Please mention

For me it's 2.35% for Flipkart Axis Bank Credit Card. Even for SBI SimplyClick same. Can't take screenshot as Paytm don't allow same.

 

[bharathraj.pathi]

What cards are you all using? Please mention

For me it's 2.35% for Flipkart Axis Bank Credit Card. Even for SBI SimplyClick same. Can't take screenshot as Paytm don't allow same.

I’m using OneCard, SBI Cashback, ICICI Sapphiro and Axis

 

[Nemesis]

I’m using OneCard, SBI Cashback, ICICI Sapphiro and Axis

Then might be due to KYC or some other account issue can't say.

 

[rp0703]

Then might be due to KYC or some other issue can't say.

How many times did you load money via CC previously.

 

[Nemesis]

How many times did you load money via CC previously.

This month first time... many times previously using Uber and other apps... Also back when charges were not applied for CC load.

 

[rp0703]

This month first time... many times previously using Uber and other apps... Also back when charges were not applied for CC load.

So, you have not directly loaded money in paytm wallet once?

 

[Nemesis]

How many times did you load money via CC previously.

I can't be more specific... Direct load was when there was no charges applied for CC load.
Why should i pay charges and load money to paytm... What benefit? I don't have any business purpose.

 

[ltf4ever]

the page shown to me say that it is a scratch card based offer.

 

[Nemesis]

the page shown to me say that it is a scratch card based offer.

Yes you need to scratch card to get 300 cashback.

 

[ltf4ever]

Yes you need to scratch card to get 300 cashback.

ok, so just like a formality, is it? or did you get any 'better luck next time' on scratching?!

 

[Nemesis]

ok, so just like a formality, is it? or did you get any 'better luck next time' on scratching?!

All 5 times i got Rs300 cashback... scratch the cashback card once you got one to be 100% sure.

 

[rp0703]

I can't be more specific... Direct load was when there was no charges applied for CC load.
Why should i pay charges and load money to paytm... What benefit? I don't have any business purpose.

charges are low for your account, because either you rarely do or this is the first time you are Loading money directly to Paytm via CC. If you start loading money frequently, then Paytm going to increase the charges also. That's why charges are different for some accounts.

Also, mention in the post that cashback will be credited to Fuel wallet and not to normal wallet. So you can't transfer the cashback to the bank.

 

[thanix]

ok, so just like a formality, is it? or did you get any 'better luck next time' on scratching?!

Yes it is a formality. Sometimes there will be other offers like 1.5 to 2.5% which can be any value depending on the loaded amount.

 

[CardShard]

I don't see the 2.5% flat cashback offer