Credit Card for Wealth Creation/ Investment

[no_name]

TLDR- i need credit card and utilisation suggestion (for investment/ wealth creation) so as my monthly bill reaches 50k

Hi All, I have a very strange ask, plz see if you can help.

I am a salaried person (~1.5l monthly). I have loaned out X amount to a relative who will pay monthly interests.
To avoid unnecessary ITR challenges, i plan on asking my relative to pay interest by directly paying my credit card bills.

now i live in tier 2 city, so my spend is very less. lets say i want to manufacture spend of 50k monthly from my credit card, so as my relative pays this monthly. what best options do i have to manufacture this spend?
1. i am open for purchasing gold/ silver (even coins will work)
2. NPS will work
3. any other suggestion you might have?

also, please help me with the credit card i should get for this (i have ~10 non-premium ones). even if the usage makes me eligible for points for travel, i am ok.

 

[tachniki]

Someone paying to you by transferring to your bank account will be no different than someone paying to your credit card account (unless he is paying cash to credit card account). If your relative pays your credit card bill, it can still count as your income. With kind of data, IT department collects, it may not be difficult. You might be unnecessarily complicating thing.

It may work better if he takes credit card in his name and you use it. Or he buys you prepaid cards that you use. But seriosuly even that is unnecessarily complicated.

Take interest part as cash.

 

[hender]

I am a salaried person (~1.5l monthly). I have loaned out X amount to a relative who will pay monthly interests.
To avoid unnecessary ITR challenges, i plan on asking my relative to pay interest by directly paying my credit card bills.

now i live in tier 2 city, so my spend is very less. lets say i want to manufacture spend of 50k monthly from my credit card, so as my relative pays this monthly. what best options do i have to manufacture this spend?
1. i am open for purchasing gold/ silver (even coins will work)
2. NPS will work
3. any other suggestion you might have?

also, please help me with the credit card i should get for this (i have ~10 non-premium ones). even if the usage makes me eligible for points for travel, i am ok.

Take back as initially Sourced...
Like if you paid them Cash than take back as Cash.