Usage of credit card

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Deal Cadet
gautam2usa226

Hi,
What is the best way to spend using credit card, preferably American Express credit card?
I mean if someone needs to meet minimum limit of 1 lakh then where all can he spend with least loss ?

For eg: one way could be to add it to Paytm wallet → transfer it to bank → transfer back to the credit card.
But this would incur 3-4 % charge from PayTm !!

So are there any other ways we can meet the minimum limit of a credit card with lowest or nil charges ??

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Deal Cadet Deal Cadet
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or else it would be really helpful if you people can share the ways you people use your credit card.

One such way is to pay insurance premiums.

Deal Cadet Deal Cadet
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Catch people who want to pay insurance premium. Take money from them and pay on their behalf. Paytm accepts LIC payment at no additional charge.

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Deal Cadet Deal Cadet
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nowadays every shop,hotel, hospital,online shopping…etc having swipe machine… use ur credit card there. why u want to transfer to another account ? confused

Deal Cadet Deal Cadet
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But with these… I can’t meet the limit of 1 lakh in 1-2 months.

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Deal Cadet Deal Cadet
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If you can not use , please close card.

Deal Cadet Deal Cadet
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It’s lifetime free card.

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Helpful Helpful
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Add amazon pay balance 5k a month, you get 5x rewards, use ap to pay your bills etc
If directly cant add balance from amex, buy gc and add it to your account

Beacon Beacon
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Investment in NPS can be done through amex with 0.9% charges, if reward is great this can be done…

Deal Cadet Deal Cadet
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Amex doesn’t provide rewards points for. Nps payments. Not sure about bonus rewards or spends based vouchers

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Deal Newbie Deal Newbie
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Pay your or friend’s house rent via NoBroker app. They charge a processing fee of rs.99. If your rent is at-least 8, 000 p.m, you can cross the 1 lakh spending amount limit (considering that u make other purchases worth 4K in one year). Btw, on making 4 transactions worth 1K or more, u get 1000 additional bonus points on Amex (every month), so u can top up ur Paytm wallet worth 4K every-month, which u can use to pay ur bills/movie tickets/flight booking etc. This itself will enable u to spend 48K in 1 year.

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