Is there any method available for Credit Card to Bank Transfer

[Dharm]

Just wanted to know are there any other methods available to Credit Card to Bank Transfer?

Asking because my Paytm account only allow me to add 7000 in wallet.

Unable to load money in Paytm wallet

Hi I am Paytm Full KYC user, have not loaded money from past 3-4 months, got Standard charted smart card, so added in secured card in Paytm. Now getting 2% cashback upto 300 offer in Paytm, so trying to add 15000 in wallet, but getting below error, can anyone help how to resolve this?

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Rent/Tution fee method not required, as some card also charge convenience fee+app also charge convinience fee.

Is there any method available via Amazon pay/mobikwik/I am ok upto 1 to 1.5% charges. As standard charges smart card gives me 2 % Cashback, I also have SBI CB card, if any trick available for that.

 

[Abhishek012]

By looking your message sounds good, means card to payzapp load is free, and 1.2 % convinience fee for rent payment, right?

You can also repay your BOB CC bill and Kotak CC bill using Payzapp wallet balance without any charges.

Note - you can't edit your cc bill but after paid, delete your saved BOB CC bill and Kotak CC bill and re-add again to pay.

 

[varun__goel_]

By looking your message sounds good, means card to payzapp load is free, and 1.2 % convinience fee for rent payment, right?

Yupp paytm charges 1.2%. Nothing else

 

[Dharm]

By looking your message sounds good, means card to payzapp load is free, and 1.2 % convinience fee for rent payment, right?

Can we made this with freecharge or mobikwik instead of Paytm, as 1.2 % currently in Paytm is due to offer, otherwise freecharge and mobikwik have less fee, will payzapp work with freecharge or mobikwik.

Asking this question because Paytm does not backed by any bank, rest three are associated with some bank, so may be they do not work with each other due to competition in same category(just my doubt)

 

[Dharm]

You can also repay your BOB CC bill and Kotak CC bill using Payzapp wallet balance without any charges.

Note - you can't edit your cc bill but after paid, delete your saved BOB CC bill and Kotak CC bill and re-add again to pay.

Ok great, although I do not have BOB or Kotak card, but I have ordered free hdfc platinum DC, and by adding credit card to bank, I can get 1% on that amount via Debit card.

So will get atleast some or nill CB via loading money via Standard Charted smart card, and then using that amount to pay CC bill with 1% CB with DC

 

[rockking1994]

Just register for a payment gateway like payu or razorpay some require a domain for registration you can get a cheap one for like 100 you get a shareable link on which you can send unlimited amount to your self with all the rewards benefits most payments gateway charge 2%+gst you get full rewards unlike doing it vai wallet where most of cards won’t get rewards
Do it if only you need it for something important
Or going to miss a payment it takes atleast 1day to process and get money in account can take more upto 3days
Let me tell you this again this is not a unlimited money making glitch cc companies won’t like this at all

 

[Dharm]

Just register for a payment gateway like payu or razorpay some require a domain for registration you can get a cheap one for like 100 you get a shareable link on which you can send unlimited amount to your self with all the rewards benefits most payments gateway charge 2%+gst you get full rewards unlike doing it vai wallet where most of cards won’t get rewards
Do it if only you need it for something important
Or going to miss a payment it takes atleast 1day to process and get money in account can take more upto 3days
Let me tell you this again this is not a unlimited money making glitch cc companies won’t like this at all

I can arrange a domain from friend, I am not that person who needs money making machine, I need because sometime you need excess money than you have, I need this time after 3-4 months, last time I loaded via uber & Paytm, Airtel & Amazon combo, but now both method are not working like they are working in past.

 

[rockking1994]

I would suggest getting your own domain if you can and use it as a payment gateway for your business to collect online payments from your customers which is the true purpose of this method

 

[varun__goel_]

Can we made this with freecharge or mobikwik instead of Paytm, as 1.2 % currently in Paytm is due to offer, otherwise freecharge and mobikwik have less fee, will payzapp work with freecharge or mobikwik.

Asking this question because Paytm does not backed by any bank, rest three are associated with some bank, so may be they do not work with each other due to competition in same category(just my doubt)

Not tried via those, check with small amount first and see whether they support prepaid cards or not

 

[ARV]

The best legal way is to use balance transfer from one card to another if its real emergency. Charges varies from bank to bank and approximate charges is about 1-1.3% per month. You will not be getting rewards though. The banks will also not have any issues and will not block the card

 

[Dharm]

The best legal way is to use balance transfer from one card to another if its real emergency. Charges varies from bank to bank and approximate charges is about 1-1.3% per month. You will not be getting rewards though. The banks will also not have any issues and will not block the card

I want to use card to bank transfer method, because my card gives me 2%, so transfer charges can be compensated, and I will not loose extra amount

 

[rockking1994]

The best legal way is to use balance transfer from one card to another if its real emergency. Charges varies from bank to bank and approximate charges is about 1-1.3% per month. You will not be getting rewards though. The banks will also not have any issues and will not block the card

Not all cc allow it i know sbi does but most companies dont

 

[Dharm]

Ya, Snapay is best option.

Bharatnxt and Snapay both merchant category is "Utility", Axis user got notice for bharatnxt transactions only.

Do you have referal code, as seen in this forum, refer code can give referer some cashback

 

[sm9811911]

Means no method available below 2%,

as mobikwik charge 3.5%= 2.5 add to wallet+1 wallet to Bank, as shown in my account

Can try loading mobikwik with 1.5k and 1.5k paying 12rs (2.5k free & 2.5% on 500rs).and next load will be free(works for some). When done transfer all to bank at 1%. After 1 transaction wallet to bank %charge will increase.

 

[Dharm]

Can try loading mobikwik with 1.5k and 1.5k paying 12rs (2.5k free & 2.5% on 500rs).and next load will be free(works for some). When done transfer all to bank at 1%. After 1 transaction wallet to bank %charge will increase.

I tried with mobikwik, but it is charging me after Rs 480, looks like it is counting my old transaction where I transferred my card payment cashback to milkbasket, alongwith some additional amount from card

Previously I thought that milk basket will come under utility, but looks like it is considering wallet load

 

[Tejo]

Do you have referal code, as seen in this forum, refer code can give referer some cashback

HN8DETCW

Snapay refer code.

 

[Dharm]

HN8DETCW

Snapay refer code.

Ok thanks, Is Snapay load comes under excluded MCC for SBI cashback card

 

[Abhishek012]

Ok thanks, Is Snapay load comes under excluded MCC for SBI cashback card

Yes, Snapay MCC is Utility.

Excluded MCC for SBI cashback card.

SBI cashback card -

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[Dharm]

Ok

 

[KLB@96]

Not sure why even this thread exists. One shouldn’t do this transfer and others shouldn’t suggest methods also. Use card responsibly. Don’t get into this all. If you can’t close your credit card it’s for your own good.

 

[Dharm]

Not sure why even this thread exists. One shouldn’t do this transfer and others shouldn’t suggest methods also. Use card responsibly. Don’t get into this all. If you can’t close your credit card it’s for your own good.

It's just to use in emergency purpose once in 3-4 month, not for daily uses