Invest in debt, equity, or any other product. Will increase spending.
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Any way to invest using credit cards?
- Thread starter skywatcher404
- Start date
You cannot use credit cards for mutual funds or stocks directly , however there are ways to bring credit card money into bank account and then you can do whatever you want. One of the ways will be to use Pencilton app
SEBI has strictly banned the use of credit cards for all sort of investment purposes. Investment should always be done using the surplus amount you have from your income so that in case of a loss you don’t end up in a debt. So, you cant use your card directly for investment purpose.
sideload paytm wallet using swiggy/zomato using cc.
send that money to bank and use it to invest. or invest directly from Paytm (not sure if you can use wallet money for investing in paytm, but check).
limit: 4k per month. loophole will allow you to do that 30k per month, but risk of getting flagged by paytm and getting sideloading option blocked.
open all apps that are supported by paytm wallet recharge...go to their paytm wallet reload option and put 4k simultaneously, press submit until u get OTP s for all apps. and start entering otps one by one. there were 7 8 apps that i had tried.
Enthusiast
TF Premier
How many months you are successful in doing like this? i heard from few people, their paytm wallet getting blocked..
No we can't invest via Paytm wallet in Paytm Money application. It is totally a seperate business of Paytm. Using Paytm Money, hence telling.
Only option left is transferring 4k monthly from Paytm wallet to bank and then invest.
I have heard you could invest in invoice discounting products using credit cards
satviksehgal
TF Premier
Were you able to do it? Or know of anyone who has done it?
True but cant withdraw after 2.5 lakhs and have to wait till retirement.
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