chances of blocking/ cancelling credit card for doing money rotation?
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What are the chances that a credit card gets temporarily blocked/cancelled permanent for doing education fee/ rent payment/ wallet load/ gift card purchase? What are the consequences for paying self/ family/ friends for them and us if we get tax notice?
Share your experiences, please.
And anyone continuosly doing these type of transactions say 1 lakh per month or more and still not faced any hiccups?
Share your experiences, please.
And anyone continuosly doing these type of transactions say 1 lakh per month or more and still not faced any hiccups?
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https://www.desidime.com/discussions/chances-of-blocking-cancelling-credit-card-for-doing-money-rotation?page=1#post_9840894
https://www.desidime.com/discussions/chances-of-blocking-cancelling-credit-card-for-doing-money-rotation?page=1#post_9840896
If u r rotating money/ordering/shopping via online/offline per month within ur given credit limit, u r safe and no need to worry about anything especially about permanently cancellation of the card. Bank usually block/cancel card permanently when u cross ur given cc limit continuously for the period of 6 months or more.
https://www.desidime.com/discussions/chances-of-blocking-cancelling-credit-card-for-doing-money-rotation?page=1#post_9840992
search some better option instead of doing this
https://www.desidime.com/discussions/chances-of-blocking-cancelling-credit-card-for-doing-money-rotation?page=1#post_9841052
Cc से ट्रांसफर करने के पैसे अगर बैंक नही ले रहा होता तो ये बंद होता जब तुम ऐसे किसी भी rotation का पैसा दे रहे हो तो ये क्यों बंद होगा ?
बैंक को तो अपने पैसे से मतलब है ।
https://www.desidime.com/discussions/chances-of-blocking-cancelling-credit-card-for-doing-money-rotation?page=1#post_9841427
don't rotate same set of cards every month, change the cards as safety precaution on every rotation.
https://www.desidime.com/discussions/chances-of-blocking-cancelling-credit-card-for-doing-money-rotation?page=1#post_9841537
within limit no issue
over limit, they will cancel in 3-6 months
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Keep it within the limits, and everything should be fine.
For Limits: https://www.desidime.com/discussions/got-income...