Do you use Rent pay or ATM cash withdraw from Credit card?
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CREDIT CARD - > Withdraw money to Bank BY CREDIT CARD as "Cash Advances" without "rent pay" option similar to ATM withdrawal

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Deal Lieutenant
DEEPANGEORGE

Anyone know any "financial institution" that offers "Cash Advances" via online from credit card similar to ATM physical withdrawal?

Btw I already know you all will suggest use "Rent pay" option for 1% or 2% or 3% transaction charges

But what I am looking for is "Cash Advances" from credit card without visiting ATM using some financial institution for a nominal charge 

(Side note: do you know "rent pay" MAY get banned soon by RBI as per latest news development?)

Background Context: Why i asked this question is because i want to make use of IDFC First Credit card to withdraw cash since it has 0% interest

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Deal Lieutenant Deal Lieutenant
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I Am Using Both Rent And Advance Cash In Idfc Credit Card.

As U Told With Draw Cash :: U Can Withdraw Maximum 10000rs Cash In Single Transaction.

For Every Single With Drawl 199 + Gst = 236rs Will Be Charged.

Better To Use Rent Option To Get Cashback

Deal Lieutenant Deal Lieutenant
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40 notes is allowed in ATM as far as i came to know so Rs.500 x40 = 20,000 right? if we use IDFC First ATM for this case you can get Rs.20,000 for withdrawal charge of Rs.199+GST = Rs. 236

So use IDFC First ATM for this

Rent pay option i am worried about IT tax notices since i already use too much rotation on my bank accounts , so i find this official correct legal way of "Cash Advances" from ATM is more right to not get IT notices

But I need this ATM cash withdrawal without going to ATM, any methods you heard of? via some financial institution via online

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Deal Newbie Deal Newbie
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Use snapay in t4 .

You have to pay 1% charges which you will get back as cashback 

Deal Lieutenant Deal Lieutenant
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Mhm got you:) This is a good method.. but it might attract IT notices soon if done too much this rent pay


Since I am worried of IT notices xD I am searching for "Cash Advances" methods



Rent pay option i am worried about IT tax notices since i already use too much rotation on my bank accounts using overdraft loan accounts already, so i find this official correct legal way of "Cash Advances" from ATM is more right to not get IT notices

So I need this ATM cash withdrawal without going to ATM, any methods you heard of? via some financial institution



Finance Mentor Finance Mentor
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All credit cards let you withdraw money from ATM. They either levy a flat fee or charge interest from the day you have withdrawn.

In this card, it seems they charge a flat fee per 10k. If you with even a rupee above it, you will be charged twice the fee.

Deal Lieutenant Deal Lieutenant
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so you say 10k is the limit done in IDFC First Credit card ? i didnt got this informed from Customer Care of IDFC First, they didnt told me this... so are you sure IDFC First Credit Card has 10k per transaction limit on "ATM cash withdrawal Cash Advances"?

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Finance Mentor Finance Mentor
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I should not be the party pooper, I was the one who said about the 40 notes thingy...

Deal Lieutenant Deal Lieutenant
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Ah you were the one that said it on the another post I created hehehehehe xD nice seeing ya here:P 


Well now we are getting more info about this ATM transaction limits using credit cards:) thanks to you:)

Good to have many participants to share valuable infos smile

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Deal Newbie Deal Newbie
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I have idfc cc if I pay rent will charges will be levied

Finance Mentor Finance Mentor
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STOP this rent and education nonsense, IT dept has been alerted of these dealings by the RBI...
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