ok, if the payment gateway shows paytm instead of wallet will the magnus card count it as for normal rewards as well as monthly milestone rewards?
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60K to bank account or Paytm from credit card at 0% Charge + Extra cashback
- Thread starter Nemesis
- Start date
Sorry, have no idea? The person holding Magnus can tell you better.
Mogul
TF Buzz
now allowing me to use credit card.
totally depends on credit card and also the amount we enter. 2nd Time I tried with IDFC Millennia did 12k 1st time and 2nd time did not allow e to do 12k reduced amount and entered 9k ad allowed me to do.
try your miracle.
totally depends on credit card and also the amount we enter. 2nd Time I tried with IDFC Millennia did 12k 1st time and 2nd time did not allow e to do 12k reduced amount and entered 9k ad allowed me to do.
try your miracle.
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Please initiate transaction for 9700 or less.
zealot
TF Ace
It's not KYC issue, if you add money and transfer to your bank account, within a one or two months, they will blacklist your account, wallet loading with charges will become 3.35, if you repeat load and transfer charges will be high as 4.35%
reduce the amount. even 9700 didn't work for me.
Lakshya Mahani
TF Ace
I loaded 7k 3 times and 7300 2 times @ 2.35% through HDFC millennia( i will be getting 1% for free). Any amount greater than this amount showed error for me.
zealot
TF Ace
SBI Cards mostly won't get any cashback for Wallet Loading.
good point, like in amazon collect offer reward then buy now from clicking it.
btw magnus ERs will be credited this way of expense? (which PG u got paytm wallet or paym bill)
but are you sure you are getting 3.3% on dcb? the merchant otp shows Paytm but transaction success message shows wallet merchant code.
How about paying credit card dues using the wallet money? Will they still flag an account for money rotation?
Nemesis
TF Premier
Even if they blacklist... We have many options... Now they don't have monopoly in wallet industry
they might, but makes no logic. as users, we are paying the charges for cc loading. cashback is something they are providing proactively. if they didn't want users to pay cc bills, they should have put mechanism in place, just like amazon pay did (amazon pay balance can be used to pay for bills, etc EXCEPT cc bills). at most they can increase wallet load charges for customers who they find are reaping maximum benefit withiut organic spends.
true....i used paytm after almost half a decade...that too just for this cashback offer 😂
Exactly my thought. After all, it is bill payment. And in a way, this may be a much safer option than transferring money to bank account directly. Thanks for your valuable insight.
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zealot
TF Ace
Yes, now am using Airtel wallet trick to load money in Amazon wallet with CC and transfer the funds to my bank account. But we all know Airtel wallet method limited to 9k only per month.
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