Multiple transection on credit card

[thechirag]

Hello guys, please someone help me, I have a question. I am using axis Flipkart card to get 5% benefits, I have 1.5lac limit and I have spent it all and I am again using it by repaying it before the bill date and using same amount for another transaction. Is there any issue or consequences of doing it?

 

[RaviAglRaviAgl is verified member.]

It depends upon the bank and the cashback terms and conditions.

It should not be a violation of terms and conditions as per my opinion.

Other than that, you will only know when you do the transaction. I think you should get the cashback for all transactions.

Card Limit is generally only for bank security so that a card holder cannot overspend and go above the defined credit limit.

Thanks!!

 

[Gaurav Goel]

Hello guys, please someone help me, I have a question. I am using axis Flipkart card to get 5% benefits, I have 1.5lac limit and I have spent it all and I am again using it by repaying it before the bill date and using same amount for another transaction. Is there any issue or consequences of doing it?

I don't think Bank will have an issue since you are paying the amount. You should get all the benefits. I had done this when I got my Axis Vistara card. Used the limit upto 90%, paid back the amount and used it again, got all the miles in my CV account.

 

[amitamit is verified member.]

use it, pay before bill generation is ok, make sure after bill payment wait for 2-3 days to reflect the bill and then use again.

 

[dhiraz]

Don't Try To Get Cashback Above 10k/Month Which Will be Flagged as Commercial Use And Bank Can Close Your Card Without Any Further Notice - Reported by Many Users in This Community

 

[FinGuru]

Hello guys, please someone help me, I have a question. I am using axis Flipkart card to get 5% benefits, I have 1.5lac limit and I have spent it all and I am again using it by repaying it before the bill date and using same amount for another transaction. Is there any issue or consequences of doing it?

That's okay. Go ahead. Axis may increase your limit now.

 

[thechirag]

Thank you everyone 🙏