MobiKwik Wallet Load via CC without Convenience Fee - Best Way and Limit (if any) ?
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I want to load MobiKwik wallet without any convenience fee via credit card. What are the ways to do so along with monthly limit applied (if any) ?
I tried loading via Zomato for Rs. 1,000 only and now for any amount via Zomato and Swiggy, it's saying convenience fee will be applied.
Is it allowed only once per month? Have I exhausted that attempt already for this month by loading Rs. 1,000 ??
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https://www.desidime.com/comments/permalink/9940326
oh! that's a very low limit 😣
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https://www.desidime.com/comments/permalink/9940360
1. Why do you want to load the wallet?
2. Do you have full kyc?
I may have a way for you that's net 0.29% charge for loading the wallet. It's not a trick. It's a way to arrive at less charges.
This is only useful if you are loading the wallet just to utilize you cards interest free period or reach milestones.
Or to pay a cc using another one(not recommend it).
Here it goes,
You need
A. A Credit card that gives more than 1% on wallet loads.(Apay, Millennia etc.,)
B. A Debit card that gives 1% on cc payments.
i) load your mobiqwik wallet 15k with century coupon. You will get 100rs as cb in you wallet.
So
You get 100 Rs(0.66%) for loading the wallet.
1% from your credit card, 1% from your Debit card when you pay back your credit card.
That's 0.66% + 1% + 1% = 2.66% cb
Mobiqwik charges 2.95% for credit card loads
2.95% - 2.66% = 0.29% effective charge.
--
Like I said, This is only useful if you are loading the wallet just to utilize you cards interest free period or reach milestones.
Or to pay a cc using another one(not recommend it).
---
One way get net positive return is to use a credit card that gives 1.5% cb.
---
Or I learned about snapay here you can use @ 1.18% so you will come ahead better.
---
Or ignore this headache and load it with a debit card.
2. Do you have full kyc?
I may have a way for you that's net 0.29% charge for loading the wallet. It's not a trick. It's a way to arrive at less charges.
This is only useful if you are loading the wallet just to utilize you cards interest free period or reach milestones.
Or to pay a cc using another one(not recommend it).
Here it goes,
You need
A. A Credit card that gives more than 1% on wallet loads.(Apay, Millennia etc.,)
B. A Debit card that gives 1% on cc payments.
i) load your mobiqwik wallet 15k with century coupon. You will get 100rs as cb in you wallet.
So
You get 100 Rs(0.66%) for loading the wallet.
1% from your credit card, 1% from your Debit card when you pay back your credit card.
That's 0.66% + 1% + 1% = 2.66% cb
Mobiqwik charges 2.95% for credit card loads
2.95% - 2.66% = 0.29% effective charge.
--
Like I said, This is only useful if you are loading the wallet just to utilize you cards interest free period or reach milestones.
Or to pay a cc using another one(not recommend it).
---
One way get net positive return is to use a credit card that gives 1.5% cb.
---
Or I learned about snapay here you can use @ 1.18% so you will come ahead better.
---
Or ignore this headache and load it with a debit card.
https://www.desidime.com/comments/permalink/9940367
Mobikwik charges 1.5% for cf for debit card also sir ji
View 8
more replies
https://www.desidime.com/comments/permalink/9962495
What is the monthly wallet load limit on mobikwik through a debit card ? Amazon pay is 1 lakhs Paytm used to b 2 lakhs.
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Yes, 1k a month free via CC... load via DC is free though... pocket upi is nice... bajaj wallet is also copying them these days...