will mini kyc work only for 12 months in airtel? post which will we forced to upgrade to do kyc and account turns to payment bank?
currently i use mini version only.
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60K to bank account or Paytm from credit card at 0% Charge + Extra cashback
- Thread starter Nemesis
- Start date
currently i use mini version only.
zealot
TF Ace
No idea still, I am still using Mini KYC account. But i saw somewhere in their FAQ section that mentioned OTP based E KYC will have one year validity.
yes i too heard so, after 12 months of use they will block which can be released by converting into full account with which this credit card trick wont work
This is not blacklisting. They have imposed heavier charges for cc to wallet loading.
Without the cashback offers like this one, it is never a good idea to load paytm wallet using cc anyway since min. 2.35% fee is always charged. Better to use 3rd party apps to add upto 4k per month and use that money for daily grocery etc.
zealot
TF Ace
Yeah found it. Also they don't offer Full KYC for wallet users.
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lets make it simple as long as it accepts 9k per month we use it if asked for full kyc we take another mini kyc with family member datas.
haha...heavier charges... it's like they see you earning rewards and demanding a higher 'commission'!
so when they say that they are charging cc loading because they have to pay the banks for transaction costs. this seems to be a lie because banks cost won't change from 2.35% to 4% abruptly, based on user behaviour!
What is the use with DCB to do this as there is no reward points on wallet load? Except of course money to bank and probably monthly spend milestone??
Card noob
TF Select
But people are getting points on magnus
use dcb if the merchant isn't getting categorized as wallet. there is confusion about it still. for some it is showing paytm, for others, Paytmwallet
Yes, annual fee waiver (feb cycle)
I remember wallet loading is the only exemption for magnus
i don't know how/why, but axis is treating it as non wallet spend, and hdfc as wallet.
just say the PG name or app so that we will mark it for magnus usage as long as we r getting edge rewards
zealot
TF Ace
Don't know, but i have used Simply Click for many times, i didn't get any reward points.
so far i used amex cards with paytm to an extent of mly 4k and got RPs in amex but when receiving otp its having a mention of paytm.com wallet is this happening with FK card also?
for direct loading, axis shows just paytm and no mention of wallet. for side loading using Zomato, I didn't try with axis. but my hdfc shows it as a wllet transfer via zomato and also on direct load.
oh ok got it now, i used amex to paytm via zomato only to avoid charges.
so magnus if directly used on the load wallet offer its direct paytm which indicates that bill paid via paytm as per axis reward points we will get
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