Everybody is being so negative right now. Paying 40p for ER is still a very good deal if you know the miles game.
I would be willing to pay 40p to Axis if they offer me this. Of course, I won't be buying 1 crore points for sure.
Sir, I never commented on your post about Axis and fraud. I only commented about your comment about Axis involving ITD. I stil don't understand how can Axis involved ITD here given it was a credit card transaction which was refunded.
But anyways, may be I'm not smart as you or don't have...
I'm not sure why you're inventing things that didn't happen. There was no deposit of money in anyone's account.
I am assuming all those people transferred the points to FFP which has no monetary value. So, what are you talking about?
I'm not a lawyer so can't comment on the rest but for below point I don't think it will have any impact on the user.
I can use my credit card to take money into my bank account. I can get a question from ITD for mismatch if the amount is large but this is not something that will lead to a...
Why are you worried about What-if scenarios? If you didn't do anything in excessive then you will be fine. Nothing to worry.
Tip: If you're a person who gets worried with small little things then you shouldn't take risks, especially for reward points. Mental peace is worth more than any reward...
I doubt it will shown as write-off given that it is an old matter. It would have already been part of their previous annual report as "Rewards expenses" or something. Not a CA so don't know the right term.