Best way to increase spending on credit cards?

[skywatcher404]

I do not pay rent, neither do I have big expenses. What ways can I increase spending without actually spending? Some ways:
1. Buy gold coins, then sell them. The cost would be the difference between the buying and selling the coins

What would be even more cost effective ways?

 

[anirban.choudhuryanirban.choudhury is verified member.]

You can use Yaper app to use your credit cards to pay for others and get some incentive on that

 

[skywatcher404]

You can use Yaper app to use your credit cards to pay for others and get some incentive on that

How safe is it?

 

[WhoU]

Search for posts by @Abhishek012 and mark this thread as duplicate

 

[bugmenot]

Load wallets and transfer to bank account (paytm, mobikwik, etc.)
Buy gift cards and trade
Make a deal with local smartphone shop to order online (this may ban card due to commercial usage)

I won't advise to do forceful spending. To earn money there are more better ways other than cc spends

 

[skywatcher404]

May I know what you want to gain ultimately? Considering you shouldn't expect these type of returns as monthly income and worth the hassle.

I want to increase my monthly spending. So that I can apply for Infinia, or be eligible for spends based waivers and offers. I don't really have much spending otherwise.

 

[skywatcher404]

Load wallets and transfer to bank account (paytm, mobikwik, etc.)
Buy gift cards and trade
Make a deal with local smartphone shop to order online (this may ban card due to commercial usage)

I won't advise to do forceful spending. To earn money there are more better ways other than cc spends

How does one trade gift cards? Are there platforms to do this?

 

[WhoU]

How does one trade gift cards? Are there platforms to do this?

Desidime

 

[akki7163]

How safe is it?

It is 100% Safe...I am using it since 2 months

 

[bugmenot]

How does one trade gift cards? Are there platforms to do this?

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www.zingoy.com

 

[kavitachoudhary89]

nps tier 1

 

[anirban.choudhuryanirban.choudhury is verified member.]

It is 100% Safe...I am using it since 2 months

How does desidime work ?

 

[Shadab_1]

This would be really great to acheive 1L montly milestone on Magnus

 

[sv004]

Whenever u pay at local shops dont use upi. Instead load paytm and phone pe wallet. At shop on scanner its written weather its paytm or phonepe. Use that app then u can pay from wallet itself instead of upi

 

[Akash Topder]

Whenever u pay at local shops dont use upi. Instead load paytm and phone pe wallet. At shop on scanner its written weather its paytm or phonepe. Use that app then u can pay from wallet itself instead of upi

Paytm takes 2.35% extra. Not worth the money.

 

[WhoU]

We can load to phonepe wallet via CC without additional charges?

 

[Shadab_1]

We can load to phonepe wallet via CC without additional charges?

but Wallet loads are not counted towards Magnus 1L milestone.... right ?

 

[anirban.choudhuryanirban.choudhury is verified member.]

but Wallet loads are not counted towards Magnus 1L milestone.... right ?

I think they are counted but no ER are earn in wallet loads

 

[Shadab_1]

I think they are counted but no ER are earn in wallet loads

you sure.. ?
Explain this senario:
1. I can load 1L to Paytm from my CC.
2. Transfer wallet to paytm bank
3 .Transfer from Paytm Bank to my actual Bank or Keep using Paytm Bank for every thing.

The above scenario can be done with multiple Credit cards. This way, anyone can acheive their credit card milestone every month.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Yes
Wallet loads are counted towards milestone as per my knowledge but no ER are earn . If you are ok to pay pg charges for wallet loads then I guess you can earn those milestones . But the fact this are all allowed as per now , no one knows when this gets devalued . So it’s always better to take this card if you have genuine 1 lakh spends otherwise it’s not useful and you will end up paying 12k every year just to get those unlimited lounge access