sahil1033
TF Premier
I keep availing time to time offer from Paytm wallet add money offer via credit card.
The lowest convenience fee I've encountered in my case is 2.35% for credit card. A few months ago, I transferred about Rs. 20k from wallet to bank account post which convenience fee shot up to 3.35%.
After several months of cooldown, convenience fee is back to 2.35% (for adding money to Paytm wallet via CC)
A few questions here :
- Some people have mentioned that convenience fee for adding money to Paytm wallet via credit card goes as low as 1.5%. If that's true, what should I do for this to happen?
- As I said, I keep adding money to Paytm wallet via credit card if there's a special offer available. I do want to transfer some amount from wallet to bank account but not like the last time which increased convenience fee. So, what should be a safe amount to transfer from wallet to bank account so that the convenience fee doesn't increase.
Any other recommendation with this particular scenario of mine, please do let me know.
P.S. Please don't look at it from the angle of rotating money. I simply add some money to Paytm wallet when there's a benefit and anyway I make use of Paytm wallet at places like fuel pumps and shops where RuPay CC on UPI is disabled. And for places where RuPay CC on UPI is disabled and the QR is not of Paytm, I use Paytm Payments Bank, for that very reason, I tend to transfer amount to bank account, that's it. I'm not at all interested in rotating money and all of this is highly occasional, it's only when I get cashback equivalent to convenience fee being charged.
The lowest convenience fee I've encountered in my case is 2.35% for credit card. A few months ago, I transferred about Rs. 20k from wallet to bank account post which convenience fee shot up to 3.35%.
After several months of cooldown, convenience fee is back to 2.35% (for adding money to Paytm wallet via CC)
A few questions here :
- Some people have mentioned that convenience fee for adding money to Paytm wallet via credit card goes as low as 1.5%. If that's true, what should I do for this to happen?
- As I said, I keep adding money to Paytm wallet via credit card if there's a special offer available. I do want to transfer some amount from wallet to bank account but not like the last time which increased convenience fee. So, what should be a safe amount to transfer from wallet to bank account so that the convenience fee doesn't increase.
Any other recommendation with this particular scenario of mine, please do let me know.
P.S. Please don't look at it from the angle of rotating money. I simply add some money to Paytm wallet when there's a benefit and anyway I make use of Paytm wallet at places like fuel pumps and shops where RuPay CC on UPI is disabled. And for places where RuPay CC on UPI is disabled and the QR is not of Paytm, I use Paytm Payments Bank, for that very reason, I tend to transfer amount to bank account, that's it. I'm not at all interested in rotating money and all of this is highly occasional, it's only when I get cashback equivalent to convenience fee being charged.