Usage of credit card

Usage of credit card

111°
Missing
Deal Cadet
61
114
3

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 ??

24 Comments  |  
14 Dimers
Missing
Deal Cadet
61
114
3

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.

Cropped548901366
Deal Newbie
56
80
0

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

Missing
Deal Cadet
61
114
3
abhijith143 wrote:

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

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

Thumbimgcrop 1438052280907
Deal Subedar
242
1673
20
Expand
gautam2usa226 wrote:

It’s lifetime free card.

If you need to spend 1 Lakh to waive off your annual fee, then it never was a LTF smile

Thumbimgcrop 1438052280907
Deal Subedar
242
1673
20
Expand
gautam2usa226 wrote:

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

How about paying rent for yourself or your friends and neighbours using your credit card..?

Missing
Deal Cadet
83
426
17

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

Missing
Deal Cadet
61
114
3
Expand
dev007 wrote:

If you need to spend 1 Lakh to waive off your annual fee, then it never was a LTF smile

Sorry mate…. but you are deviating the discussion. The card is LTF only…. the 1 lakh limit is to get additional offers.
But irrespective of whether it’s LTF or not…. I just asked ways to utilize Amex credit card to meet a limit of at least 1 lakh.
Certainly I can’t book unnecessary hotels and all those just to get a offer from bank.
So thought of finding out all the smart ways that others adopt.

Missing
Deal Cadet
61
114
3
Expand
dev007 wrote:

How about paying rent for yourself or your friends and neighbours using your credit card..?

How can I pay rent through a credit card ??

Thumbimgcrop 1438052280907
Deal Subedar
242
1673
20
Expand
gautam2usa226 wrote:

How can I pay rent through a credit card ??

Through Redgiraffe, though there is the hassle of some processes and some txn charges

Babys%2001
Deal Subedar
105
1108
72

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

Missing
Deal Cadet
74
120
1
gautam2usa226 wrote:

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.

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.

Missing
Deal Cadet
6
838
10
gautam2usa226 wrote:

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.

pay to some merchant that accepts paytm they generally would give cash for 2% as it is free for them.
or you can open your own paytm merchant account than use another paytm account to add money by credit card and pay to your merchant account, you will get money back in bank next day.

Missing
Deal Newbie
50
20
0

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.

Missing
Deal Cadet
94
282
1
drjpatwa wrote:

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

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

Missing
Deal Cadet
57
225
1
drjpatwa wrote:

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

I don’t see karvy allowing Amex? Who is allowing it?

Roger federer photos 9 150x150
Deal Cadet
109
982
34
Expand
sainiks17 wrote:

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

Axis Flipkart is providing 1.5% cashback on nps. I confirm.

Missing
Deal Cadet
57
225
1
drjpatwa wrote:

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

Karvy not allowing Amex. Have you recently checked if nsdl allows Amex?

Babys%2001
Deal Subedar
105
1108
72
Expand
sb007 wrote:

I don’t see karvy allowing Amex? Who is allowing it?

Nsdl

104487632 buddha sitting on lotus cute buddha cartoon vector illustration isolated on white background
Deal Subedar
130
1469
33
Expand
dev007 wrote:

Through Redgiraffe, though there is the hassle of some processes and some txn charges

RedGiraffe won’t support AMEX cards AFAIK rolleyes

Roger federer photos 9 150x150
Deal Cadet
109
982
34
Expand
sb007 wrote:

Does nsdl allows diners club as well?

I can check for you if u don’t mind

Missing