Avoid Credit cards to bank Transfer - My experience

Kudos for realizing and confessing this. All the best.

These things are for those people who can control their spending urge. You couldn't...it's your fault.

Point noted

Good one

Where have you spent the money?

- If you have only done a bank transfer then money should be present somewhere. If you have spent the money somewhere then analyze that, and check which are those spendings.

If you're not able to control/manage your CC spending then credit to bank transfer is not a problem but instead having CC is the problem.

रोज़ कसम खाता हूं अब नहीं apply करूंगा, लेकिन जैसे ही कसम खाता हूं मस्त offers आते हैं और फिर एक कसम खाता हूं बस ये वाला लास्ट apply कर रहा हूं I

What methods you will use for money transfer for bank account 

Ye sabke sath nahi hota.. jitna miney hai uske andar hi expense hona chahiye.. budget pata hona chahiye

You didn't mentioned and thanked  Mr - @abhishek012 , the mastermind behind all these shady tricks 😅

Ha Ha Ha

It's the Saturation.

jitni chadar utni pair failao

T: some one pl

Finally you got realised that you have to use CC  when it is necessary.

You mean to say follow @abhishek012 modus operandi in the short term and long term..... NOTE this may seem sarcastic post but it's not please go through the explanation first and then decide...... 

@S.Thawait

So Abhishek posts all tricks /hacks / loopholes/fraud / MITC defying and what not to get money from CC -BANK or to pay bill of a cc - using other cc or gv to trade to bank.... Ultimately earning money of the order in few percentage points and he does across all platforms (DD, telegram, WhatsApp group, credit card forums like Technofino, Card maven etc,Reddit, Twitter) 

And by doing this in the short term he shows that what is possible then he attracts more such hacks to be possible to be conceived, gained and game the system and as a benifit of this he gets people to be creative in discovering new ways & disclose more such hacks -tricks etc to him both via DM & openly but discreetly upto a point and then he goes on social media and tags banks and cc geek so that they can fix this in the long term.... 

So Abhishek is doing the process of collecting & executing these hacks at scale in short term while ensuring the hacks get to banks and even RBI so that they can fix these in long term..... So you have reached a point midway and Abhishek is in the process of ensuring your view of not using cc to bank transfer in long term point is in the long term Abhishek is doing same thing at scale and creating more impact..... 

And in the process also helping IT dept and govt of india earn revenue and contribute to development and organised Commerce

Well nothing is wrong:) you are learning the process of how credit card works and how this money rotation game works:) so its all good:) now you wont fall on debt trap as you already realized what you have done, now you will learn to use it properly these loop holes

Btw remember the loop holes are there WITHOUT BEING CLOSED for a reason:) the CC company wants you to get hooked / DRUGGED to this loop holes and obviously trap you in the name of so called tricks but intentionally this tricks are already well calculated well in advance (using statistics) based on which they issue credit card quantity in a sustainable way for this loop hole to work without loss of revenue for them:) 

so always remember;) its not the bet placer wins in casino:) its the house that always wins:P 

here the CC companies is the house:P we can't never beat them:P xD CC companies obviously let this loop holes run without closing INTENTIONALLY for their revenue stream:P dont think all things around credit card is tricks/loop holes ... everything is intentionally made system:P xD  -> people are made to call them as loop holes but its already laid down planned by card companies:)

supply (of cards issued) vs demand (of cards using "points/cashback percent/loopholes") is always maintained by Credit card companies so they will never lose:P xD 

good that you learned how how this trick / loop holes are gamed by CREDIT CARD COMPANIES THEMSELVES:) so use it wisely

S.Thawait

BTW ONE more THING REWARD POINTS/cashback%  ARE their credit card company tools:P they can devalue or revalue them anytime:P means its their house:P xD we are just the pawns for them:P

Credit card is not made of loop holes/tricks.....  its the intention of the whole system is made such a way to fool CUSTOMERS like us to make US think there is "really a loop hole" when it was put in the place by them AFTER THEIR STATISTIC ANALYSIS xD

so be careful we all learn:)

The realisation of difference between own money and borrowed money was slow.
But it is good that you understood.😂

A close friend of mine is so addicted to credit cards that he does things he couldn't afford.

Buying expensive stuffs on EMIs, going on expensive trips. Unfortunately his wife is also the same.

Over the course of years, now, his credit card Bill is usually 2x 3x of his salary. He just keeps rotating money via CC losing another 1.5-2%

Well noted. Also note rewards points redeemed my icici bank coral rupay cc card. Got converted 2000 points Amazon gv after check statement 100 +gst debited in my account.

Addiction of getting cashback is biggest addiction on earth. I was even expecting cashback from my milk seller (Doodh Walla) but he said he is on Desi dime and I am not getting a dime from him🥵🥵🥵

This is called mismanagement.....

Great lesson to everyone so use cc wisely.

Yaar in sab tricks se life me kuch bhi change nahi hoga....only few seconds ka fun hota hai...but jab trap ho jate ha to watt lag jati hai and saara fun interest ke saath nikal jata hai....only try one thing in life to make it as simple as possible

Do this only in case of real emergency( ex. medical) when you can't get a quick loan for just 1-2 months. 

People doing this for income are pure idiots.

Good step.

Thats somewhat true but this is all about spending by cc instead of debit cards.may be ur living stardard  is going high 🙂

Well said

I am in debt trap from last three years, now I took franchise to rotate money,

So that i can rotate as well as earn by rotating others money

Credit card to bank account transfer could be opted occasionally with the right combination where one gets benefited with cashback on or at least the actual debited amount to credited amount value is the same. Yes it helps in a way by receiving additional savings account credit interest and rotating the money in accounts by paying back partly as credit cards bills and for other regular monthly spends.

Just saying my thoughts only that It's important to spend the money from credit card if and only if the product or service is very much a necessity in the 1st place for oneself. Spend control is very vital and helps in judging one's financial position.

Apne rotate nhi hona hai..!cc ko rotate karna tha😄

Is there anyone who can guide me to apply this credit card that gives 5%