Credit card atm withdraw charge
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Is there any interest charge if we withdraw money from credit card via atm and online repay same amount same day?
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https://www.desidime.com/comments/permalink/10171463
May i know why as bank is providing this facility for customer better use they why should we not try?
https://www.desidime.com/comments/permalink/10172062
Not if repaid same day except for some gst charge on interest but if you are thinking of this for getting rewards/cb on magnus then this loophole is closed long ago & most likely won't work on any other axis card too. As for other banks cards never heard of such trick so likely it won't work there too.
https://www.desidime.com/comments/permalink/10173116
Don't try this, the CC bank will charge around 3% of the withdrawal amount or min 500rs. If you withdraw 100rs also, they'll charge 500rs charge(Depending on the bank)
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Yes a lot don't try