Currently, Paytm is Offering 400% CB Points on ASV equals to 4% (if you manage to redeem 1Lakh points for Rs1000) or 3% Flat cashback.
Now, SBI Cashback CC gives 5% CB on loading Zingoy RuPay Prepaid Card but charges 2% as a gateway fee, so effectively we get 3% net CB.
Now use this Prepaid card to purchase ASV on Paytm.
So, effectively one gets 4%+3%=7% this way.
You may purchase other GVs too and get 3% extra CB on top of what Paytm is offering.
-The only benefit of using a Zingoy Prepaid card here is that as of now Paytm is not charging any convenience fee for using Prepaid cards and one can still load it for 5% CB.
-SBI blocked my card citing suspicious activity for first payment on Zingoy. Received a call immediately and card was unblocked. No issues after that
Now, SBI Cashback CC gives 5% CB on loading Zingoy RuPay Prepaid Card but charges 2% as a gateway fee, so effectively we get 3% net CB.
Now use this Prepaid card to purchase ASV on Paytm.
So, effectively one gets 4%+3%=7% this way.
You may purchase other GVs too and get 3% extra CB on top of what Paytm is offering.
-The only benefit of using a Zingoy Prepaid card here is that as of now Paytm is not charging any convenience fee for using Prepaid cards and one can still load it for 5% CB.
-SBI blocked my card citing suspicious activity for first payment on Zingoy. Received a call immediately and card was unblocked. No issues after that
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