Anyone tried using bharatnxt in recent few days wanna know if its working as i have to pay bills of 2+ lakhs
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Need update about bharatnxt
- Thread starter saver-user
- Start date
working fine...paid CC bills of around 1.5 lakhs split via 2 different credit card.
Hey,
Which cards did you use for CC payment?
Could you pls elaborate the process if you don't mind.
if anyone has heavily rotated money using axis magnus i would advise you to stop otherwise you will also receive a mail from bank to justify your spends on bharatnxt failing to do so would lead to cancellation of your card
Good that i went over the other thread yesterday (Day i added 3 of my CCs on bharatnxt)
www.technofino.in
Will hold on and not try fancy stuff like moving money around (unless i have a receipt/bill to show it as personal usage)
Axis Magnus - Bharat NXT usage with Magnus
bharatnxt has gone on radar of axis..Soon it will start closing the cards Closing card why? On what basis?
www.technofino.in
Will hold on and not try fancy stuff like moving money around (unless i have a receipt/bill to show it as personal usage)
How did you pay CC bill using your credit card? Mean did you first transfered to some one's account then paid, or directly from cc to payee card? I believe only hdfc cards can be added as payee in bhtnxt. as i tried adding other cc to bhtxt as payee, but encountered an error each time.
Yes it was an HDFC Tata Neu Infinity card directly added as a payee. So the payment gets directly credited to the Tata Neu credit card account.
I typically use other cards (mainly my SC ultimate/ICICI card/IDFC wealth ) to split & pay my dues for my HDFC tata neu infinity card via Bharat NXT. Avoid Magnus coz never really know how they react with huge Bharat Nxt payments.
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See my strategy is this - Pay other card dues (mainly my magnus/idfc wealth/amex platinum/SC ultimate) with Tata Neu Rupay card (thus getting reward points of 1.5% for payment worth lakhs in months ) and then pay Tata Neu with other cards using Bharat NXT.
Until now the above has worked perfectly for me.
Does bharatnxt charge for paying cc bills?
Basically rotating your outstanding dues for rewards but as your spends keep on increasing it won't be sustainable as at one point you would have to pay the outstanding
Yeah they do... they have different tiers like next day/same day etc (which ranges from 1.3% to around 1.7% almost) and they do come up with regular offers of 1.09% as well.
But if your credit card offers rewards for utility payments then it is worth it.
Yes, i do make payments in cash from time to time to balance and keep this amount to a reasonable fixed amount of max 2 lakhs !
After charges are you net profitable in terms of points ?
Then pay Tata Neu with other cards using Bharat NXT. Oh, it's an never-ending loop then. I'm aware that you would be smart and ultimately pay the bills from your account, but imagine for rotators who rely on these tricks. I didn't consider that one's payment to the Neu card would have to be made, but it's actually the opposite. They can continue using it as long as they wish. or hdfc start really capped max amount of point 500.
