Avoid Credit cards to bank Transfer - My experience

Credits Card is a BIG trap if one cannot control the spending and that is what banks are looking for.

Keep a check on usage and use only the required amount if you can pay back in next 30-40 days.

Point to be noted

Same situation with me I thought that i am smart to use these credit cards by switching money to one CC to another CC but at last on 30th i need to pay 31k to my CC but in account number is showing 0k 🥹

Meanwhile me : paying credit card bills through credit card withoutany charges or fee for the past 7 months. 🗿🗿🗿🗿 took the Sony xm4, Lenovo IdeaPad, samsung s22 last Dussehra sale on credit card. I'm very lazy to pay bill through my savings account. Never felt once i spent any money,🙄🙄

Sorry but I don't want to disclose how i pay without any charges or fee. Recently, I noticed so many loopholes are being fixed especially when it gets Popular amongst desidime users. 

Oh this post enlightened me. 

I was thinking to apply for Credit Card for CB, till now 0 credit cards. 

Any last words: https://www.desidime.com/discussions/slice-free... XD

That's fact.

Kitna bhi discipline ki baatein karlo...extra spending toh hoti hi hai

Bahut se log target pure karne liye Gift cards kharid lete hai...fir unko utilise karne ke liye faltu ke spends

Wallets, gift cards ke paise me faltu spend hote hi hai....bank balance ya cash se spend karne me aadmi sochta hai kharch karne se pehle

how can i transfer money from cc to ac without any charges ? 😥

Good step

Dont use cc for small payments instead start using upi or cash

Same happened with me but i used it for my parents

So no regret feeling

idk what u did wrong 🙂 let me tell u what i did cc rotation used the money to do swing trading and earned extra returns + cashback / rewads on cc.

i keep liquidity around 1 lakh + to pay my cc bills and rotate them rest money is making me more money on my swing debt trap whats that ? i even paid off my early stage losses and debts and closed. i dont spend whats not mine but i do make sure to earn even from whats not mine money makes money only if u know how to make it ✅

warning - strictly no to F&o

learn swing trading only if u sure of trade then do it

keep liquidity cash with you so if your swings are in loss still u can pay the bills  play smart

I use credit cards just like debit cards. I don't buy anything with cc that I can't buy with cash. Offers, rewards are the only reason I use cc. 

Well said bro...even I have observed the same thing

For few bucks we end up paying more

It's more like paisa kahan udd jaata pata hi nahi chalta

Haram ka kamai...I am stopping from this month

That's the main purpose of Credit Cards.

If you can't control your spending, the best is to avoid it.

now a days no one give money for adjustment credit card is best support for emergency funds

How much you earned monthly?

Any kind of excessive spends on cc or borrowed money is bad ..until and unless you are in very dire situation never use them beyond them your financial capacity ... 

Kudos bro . I m in same situation but genuine spending is the only way ..

I also messed up with this things.. I am closing all my CC's and don't want to trap more myself

It takes a lot of wisdom to understand this trap and guts to express them publicly. Good one

Cc money rotation is not helpful as it creates a debt trap. cc money is ultra short term loan without interest and should be used as such. Only use the amount you have in your savings account on credit card then you will never have any issue while paying back.

save money and buy stuff rather than using emi to buy stuff. if you want a buy a phone, electronic item worth 1 lakh. save 1 lakh and then pay. funny thing is when you will go to buy stuff then you will think again before spending 1 lakh irom your savings.

I use cc only to get points and cashback but never ever used emi ever in my life. When i was earning less I saved money for 10 months to buy a 3d tv worth 85k around 10 years back. Recently I even bought a car using cc. I even thought of buying a shop worth 65 lakh using cc but dropped it as the builder payment site had convivence charges.

OP has smartly posted half cooked details, no matter how much u rotate from one cc to other cc/ bank to get 1.5- 5% profit, at the end, money must be there in ur bank ac which u have transferred from cc.

But here, i think OP has used that transferred amount for personal use and thinking that he will keep rotating money from one cc to another cc to avoid paying cc due from his salary/any other income.

Goodluck bro...

Many fall in such trap.  There are various trap . Like stock market .. people learn frm mistakes

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

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

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.