Are apps which allow vendor payments through credit card safe and worth it?

[divyam_taparia]

Apps like velocity pay and few others allow vendor payments with GST registration and all payments through credit card with 1-5 settlement each with a different convenience fees. Now average fee i have found to be 1.5% and cards like HDFC or Axis offer 3-4% returns. So is it safe to rotate money. What kind of trouble can I get in? Has anybody have had any experience with this?

 

[Tejo]

Apps like velocity pay and few others allow vendor payments with GST registration and all payments through credit card with 1-5 settlement each with a different convenience fees. Now average fee i have found to be 1.5% and cards like HDFC or Axis offer 3-4% returns. So is it safe to rotate money. What kind of trouble can I get in? Has anybody have had any experience with this?

Safe if you rotate small amounts ... atleast 30%-40% of your limit in a cycle.

Axis aggressively cancelled cards whoever it might be, I have also heard that hdfc too cancelled cards who used their 100% of limit for rotating 🤣🤣