Strategy request to transfer funds for max rewards

[tokci]

I do a recurring transfer of 15K every month to a recurring account for care of a family member.
I do a bank transfer using NEFT/RTGS . I have setup automatic recurring transfer.

Is there a way I can get rewards for this e.g. using credit card or some other hack ?

Suggestion appreciated.

Tokci

 

[NABNAB is verified member.]

No, you can't.
Let it be as it is. 😃

 

[Virtual King]

Is there a way I can get rewards for this

You can - albeit with some personal indulgence.

You can check with your family member the source of expenditure i.e. where the funds are expended. It could be some departmental store for groceries or some pharmacy for medicines or some electricity bills or rent payments etc. So, rather than transferring directly to the bank account, you can pay the respective bills through your credit card(s) (all totalling to say Rs 10k per month approx.) and transfer the balance amount (say Rs 5k) in the manner that you are currently doing. You need to coordinate this methodology with the respective stores for the payments through your credit card(s) - it could be weekly, fortnightly or monthly, as mutually agreed.

In this novel way, it becomes a win-win situation - you pay some of the bills and get the RPs and balance of the amount is transferred to the family member for miscellaneous expenditure as hitherto fore.

Hope this helps. 🙂