(only 1.59% charges & 5% cashback) Pay Credit Card bill using Amazon gv or 5% SBI Cashback credit card

[dipakvish]

Credit card bill payment is not showing in hitchzone app

They have disabled it

 

[pinki]

They have disabled it

They haven't disabled! Rather they have been disabled by Bharat Connect (formerly BBPS) .

 

[HumorSimpson]

They haven't disabled! Rather they have been disabled by Bharat Connect (formerly BBPS) .

wow!!! how did you know ?

 

[BhaiyaJi]

wow!!! how did you know ?

Source: trust me bro.

 

[pinki]

wow!!! how did you know ?

Violation of Rbi guidelines:
"The card‑issuers may put in place a suitable mechanism to prevent evergreening of the credit facility.”

And the error msg "AGENT ID is disabled" is a clear sign of fate of these type of apps 🙂

 

[HumorSimpson]

Violation of Rbi guidelines:
"The card‑issuers may put in place a suitable mechanism to prevent evergreening of the credit facility.”

And the error msg "AGENT ID is disabled" is a clear sign of fate of these type of apps 🙂

so in simple terms "orindam bhaja govindam"

 

[pikashinchu]

Violation of Rbi guidelines:
"The card‑issuers may put in place a suitable mechanism to prevent evergreening of the credit facility.”

And the error msg "AGENT ID is disabled" is a clear sign of fate of these type of apps 🙂

Yes I was expecting the same already.
I was also thinking to build this kind of app which allows Amazon pay balance for cc bill payments. But when I read this rbi guideline, I thought to back out.

Any other loophole, I couldn't think of else I would have created an app for sure for the community, with a small subscription fees and exclusive to tf 😅👀

 

[HumorSimpson]

when I read this rbi guideline,

what does rbi say ?

 

[tharun]

when I read this rbi guideline, I thought to back out.

There exists a rbi rules only money from savings account or cash can be used to pay credit card bills.

However why can't people just create an app and get a id for Bharat connect and if the problem arrise like hitch just close the shop and open a new application or shift the customer from that application to new application because of blocked id

 

[pikashinchu]

what does rbi say ?

What @pinki quoted, exact same thing: "The card‑issuers may put in place a suitable mechanism to prevent evergreening of the credit facility." Using bbps, you can't allow credit card to credit card payments. In short.

I love finance and Tech, so saw this problem at that time and researched very well.

These kind of apps can't scaled very well as, as traffic increases, bbps will come to know and will blacklist you from bbps for credit card.

Last time I researched with chatgpt and perplexity AI.

 

[HumorSimpson]

"The card‑issuers may put in place a suitable mechanism to prevent evergreening of the credit facility."

Got it. The wording surely covers any technique by which one can pay a CC with other CC.

@pinki Ma'm you are a beauty with brains.

 

[pikashinchu]

There exists a rbi rules only money from savings account or cash can be used to pay credit card bills.

However why can't people just create an app and get a id for Bharat connect and if the problem arrise like hitch just close the shop and open a new application or shift the customer from that application to new application because of blocked id

The 2nd thing that you said, this exact same doubt came in my mind when I came across this problem.

But this is hassle and for someone to register a business, get verification, setting up the app will already take that much of your cost that making it profitable, you need to think of something.

Plus hassle to again gain customers...
Would love to get ideas here