Any Rewarding Ways to Close Home Loan Outstanding Amount?

[abhishek0882]

I have a home loan from ICICI bank which currently has an o/s of about 13 lakhs. Due to some reasons, I am closing out this loan next month, in June. Wanted to know is there a best way to close out this loan? I mean something that will get me some value back in any form? I understand that paying the loan with credit cards is not possible, but is there any other way in which this can be done to earn something out of it?

 

[varkey]

@jack333 Got the statement today, Axis displays the Merchant Category. It is displayed as "FIN. INST", so didn't get any rewards.



However, if you use a card which doesn't have any restrictions for Financial Institution category (I don't think there is a card like this), then you can earn rewards/cashback. Well, it should count towards the yearly spending threshold and can get 1% cashback using the HDFC Platinum Debit card when paying off the due.

 

[jack333]

@jack333 Got the statement today, Axis displays the Merchant Category. It is displayed as "FIN. INST", so didn't get any rewards.

View attachment 19998

However, if you use a card which doesn't have any restrictions for Financial Institution category (I don't think there is a card like this), then you can earn rewards/cashback. Well, it should count towards the yearly spending threshold and can get 1% cashback using the HDFC Platinum Debit card when paying off the due.

Can you ask the mcc code from Customer care?