Possible to utilize CC for temporary funds shortage?

126°
Deal Subedar
muxdemux

Need to pay some amount - 5L(CC limit > 10L) to someone(not business account) and say after 10 days will have funds.

Best way to handle such scenarios assuming we have all other funds locked. Is CC usage possible for this amount?

TIA

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Deal Lieutenant Deal Lieutenant
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if you are skillful with account money rotation then do, or else avoid this credit card money rotation smile

its not worth it:)

just borrow short funds for this 10 days and be safe:)

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Deal Lieutenant Deal Lieutenant
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if you are skillful with account money rotation then do, or else avoid this credit card money rotation smile

its not worth it:)

just borrow short funds for this 10 days and be safe:)

Deal Subedar Deal Subedar
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Not sure how to do account money rotation. But wanted to know something safe only and if it's risky will avoid. Thanks for advice. Will liquidate some emergency funds in FD.

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Deal Lieutenant Deal Lieutenant
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Someone posted an idea on Reddit, possibly around 1990 or 1995 (though I'm not sure of the exact date), about buying precious metals offline using a credit card and then selling them back. What do you think, DEEPANGEORGE

Deal Lieutenant Deal Lieutenant
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Selling precious metals is good:) but hmmm there is lot of hidden charges in it while buying and selling it:) so have to deal cautiously , its usually kinda easy to buy but hard to sell and incur charges a lot than the profits earned:) so it will negate usually unless you hold for some considerable time


Eg: gold


(gold hidden charges is GST and making charges of 7% to 25% or even 30%) which makes this worst choice if your goal is investment or trading

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Deal Subedar Deal Subedar
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Connect with me if u want credit card money in your account

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