Maybe update the main post with such merchants, you can add Cred Fastag RC (beyond 10k) to the list as well
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Only Premium & Super Premium Cards Discussion
This is a closed group and meant for discussion on all kinds of Premium/Super Premium Cards having an annual fee above 5k for optimising spends. Please refrain from discussion about lower cards. Only serious members allowed for knowledge sharing.
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Lucrative insights about new virtual spending on all Axis Cards!
RewardsAlert
TF Legend
Yes, obviously it is a Tit for Tat.
That's why it's always important to have full knowledge about what you're doing rather than simple copy!
VISHESH_BANSAL
TF Pioneer
Snapdeal also refund in the form of IMPS to Axis Cards.
Verified in 2021 or 2022
what is this 10L limit?
VISHESH_BANSAL
TF Pioneer
It is mandatory for Banks to report ITD if Payments to Credit Cards via Online Mode exceeds 10 Lakh.
In a month? In a year? Is it for a single card or group of cards?
In a year and could be for a single card or multiple cards.
In a FY with a bank
No of cards added together under cust id
So basically anyone meeting magnus milestone will get auto reported to itd. On top of that if someone has other axis cards then Sone pe suhaga. BTW if hypothetically speaking Rahul Gandhi is claiming hra by showing cash receipt In his company then will itd be interested on the basis of these Credit card transactions?
@RewardsAlert if the refund is not instant, does it get credited as a payment or a refund ? One of my transaction was instantly credited as a payment whereas the other is still pending
RewardsAlert
TF Legend
If it's not credited instantly then most probable chances are of it to be a Refund.
Generally refunds take 2-3 days to reflect. Whereas payments like IMPS/NEFT are reflected instantly or same day.
bugmenot
TF Legend
You can try disabling sim card or turning on airplane mode, provided you are using wifi while doing the trick.
All banks report them based on the credit account (linked to Cust ID, even on having multiple cards.
@RewardsAlert you always come with out of the box hacks. Great hack, but as you say the transactions has to be minimal else the account might get hacked.Dear members,
As promised in one of my previous posts, I have decided to present you with a hack to virtually show spending on your Axis credit cards and basically earning rewards on top of it.
When the Swiggy hack was shared by @hireng , it instantly struck my mind because I had experienced it in April with Myzone card on swiggy. So what happened was that, I cancelled few orders, and received the credit payment from Swiggy as IMPS instead of refund.
After few days, when I checked Edge Rewards portal, it was counted as spends, and accrued regular reward points.
As soon as I got concrete knowledge about this, I further tried to implement it on Airtel Axis card which has a 10% cashback on Swiggy.
So, I placed an order of 5k, and cancelled it immediately.
View attachment 19104
Guess what? I received the refund again as IMPS payment, and it got counted as cashback also.😉
This trick will only work for some particular banks like Axis, HDFC, etc. based on Hit & Trial.
Because not all banks accept payments in IMPS. and different banks have different payment mechanisms.
This way you can also complete your Magnus milestones, by purchasing 10-15L ghee 😋 on Swiggy instamart and cancelling it.
I do not encourage or recommend it in any way, but someone can use it complete Airtel Axis milestone, as it is a very small amount of 5k which won't trigger any alert.
As this is a purely lucrative and rewarding way, in which no CC to Bank is required and no funds will hit your bank account, basically there is a virtual spending on your card just because of Swiggy's refund mechanism.
So, there are high chances that this hack will leak in public forum, other groups, etc.
But If we (mods) find any such activity and reported by any group member, then a non tolerance action will be taken against leaker.
So, please keep it to yourselves.
Disclaimer: There are 99% chances of your Swiggy account getting banned, so do it cautiously and with the mobile number you don't care. Also don't do high value trxns above 20k just for sake of fulfilling Magnus milestones. Not recommended.
Read this for more info:
Oops! We ran into some problems.
www.technofino.in
Abhishek012
TF Pioneer
Next month NPCI will release IMPS statistics - First time in history IMPS transactions surpass UPI transactions. 🤣🤣
RewardsAlert
TF Legend
Aaap bas apne upar thoda control rakhiyega, kahi pata chala ye trick Bangaldesh pahunch gayi ?
Nahi toh the end ho jayega ! 🤣
Humble request and need your cooperation!
@Walter White @VISHESH_BANSAL
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Havent been lucky with Swiggy but seem to have had a similar experience with ITC recently, the refund has been processed but the miles have not been reversed yet
But my ITC got reversed within 5 days so no Edge Rewards I got
It’s with a Bangalore property gardenia knowingly I paid 5k caution deposit which I get refunded on checkout if I won’t consume mini bar
But 4th day I got credit of that 5k as transactions reversed so no luck
