Loading payzapp wallet with CC for UPI payment

[gnamlalu]

Hello,

I have one question, Are there any potential drawbacks or risks associated with loading the PayZapp wallet using a credit card for any UPI payments? will that count as a genuine expense ?

 

[Ash8]

If you have had the credit card for long, then loading some reasonable amount is fine. Start loading with smaller amounts in a month and then increase later.

 

[gnamlalu]

If you have had the credit card for long, then loading some reasonable amount is fine. Start loading with smaller amounts in a month and then increase later.

Hi Ash8, ohh ok noted. Thanks for your suggestion.

 

[lovecards]

Any charges incurred?

 

[mgforce]

@Deepak_9155 - did you delete your suggestion post here? Or some mod? 🤔

 

[hitirfan]

Any charges incurred?

More than 2%

 

[gnamlalu]

More than 2%

It is actually come close to 3% with GST

 

[lovecards]

Fir to bekaar hai, 9.9 wala sahi hai

 

[b4bhar]

Hello,

I have one question, Are there any potential drawbacks or risks associated with loading the PayZapp wallet using a credit card for any UPI payments? will that count as a genuine expense ?

wallet load is fine, but there are charges for it and usually most of the cards doesnt give any rewards on wallet loads

 

[Deepak_9155]

@Deepak_9155 - did you delete your suggestion post here? Or some mod? 🤔

yes i deleted it !

 

[gnamlalu]

wallet load is fine, but there are charges for it and usually most of the cards doesnt give any rewards on wallet loads

Hi b4bhar, should be fine if no rewards. But I was more curious if any negative impact on my credit.

 

[AlgoTrader]

yes i deleted it !

it was a good trick, why did you delete it?

 

[Amit_1]

it was a good trick, why did you delete it?

He doesn’t want it to devalued sooner.

 

[Deepak_9155]

He doesn’t want it to devalued sooner.

Thank you for understanding 🙂

 

[AlgoTrader]

Thank you for understanding 🙂

He doesn’t want it to devalued sooner.

well, it doesn't have much use anyway, as limit is low, no cahback on it, not even eligible for spend waiver, with all that out of the way, it will be useful only for ppl who need cash immediately from cc. so i think it is hard to misuse and it is already available openly in other multiple forum, so chance of devaluation is low