Snapay (Credit card to Bank/Credit card Transfer) Guide
- 61416
- 614
-
- Last Comment
There are plenty of threads with credit card to bank transfer. And the best one is Snapay (just check it's reviews on play store and iOS) and compare with other apps. It is best option with very low failure rates (u get option to provide some other account details in case of failure).
People keep asking me in chat. So here I am writing one detailed post on this. I have been using it since over an year and many people are using for more than that without any issues.
Prerequisites -
1. Complete Full KYC with Aadhar and PAN.
2. Register with Twid pay with reward programmes and understand their benefits. Top 3 reward programs are intermiles, zillion and supercoin.
3. Intermiles can be used to get discount on Amazon vouchers (25 discount on 500 using 61 intermiles, i mostly go with this), Purchase Amazon vouchers directly (500 voucher for 2900 intermiles) and Flight tickets (u need to keep checking regularly to get good value). It can also be used on Twid pay to pay partially at 0.25 per points (u won't get points when redeeming). There are additional vouchers when u cross intermiles tiers, which give a good boost as well In general, I rate it at 0.22rs per intermiles as a conservative estimate.
4. Payback/Zillion is similar to intermiles. U can buy Amazon vouchers at 0.25 per point from payback Gyftr (most used by me). Or It can also be used on Twid pay to pay partially at 0.25 per points (u won't get points when redeeming). In general, I rate it at 0.22rs per payback point as a conservative estimate.
5. Supercoins - Best value u get is on cleartrip (1 point is 1 rupee). It has very low capping, so it is good for small transaction of 1500-2000. Though I avoid accumulating too much now a days, as cleartrip is changing SuperCoin usage continuosly.
6. Add your bank account or credit card , in which u want payment as beneficiary under utility payments category. For credit card, account number is same as credit card number and IFSC code can be obtained from google (say search sbi credit card neft payment for sbi IFSC code). Mobile number can be anything other than urs, it doesn't send anything on that number.
Now that you understand these prerequisites, here is the payment method.
1. Go to utility payments, select beneficiary, select any purpose (general payments or credit card payment or anything else), select sender for better returns, T+1 as transaction method and Pay with rewards as payment method.
2. Ensure that u see 2.5% charges. Usually they take 3.5% charges, but often run offers with 2.5% charges. Do transaction only during offer period.
3. Login to PWR account and select Intermiles/Zillion as payment method depending on which is giving better returns. It keeps changing from 3-10% depending on offers. Divide that by 4 to calculate the value u will get.
4. Check the cashback amount also. This varies from 0.5-1.5% depending on offers.
5. In general sum of intermiles/zillion divide by 4 and cashback amount easily exceed 2%. So, effective charge will be less than 0.5%. Don't transact if it doesn't exceed that and wait for better offers.
6. Sometimes it gives pretty good offers like 0.2% net charge or even 0%, though that is a bit rare. 0.5% net charge is pretty easy to get.
7. Now use any visa/mastercard/rupay card for payment. Diners and Amex doesn't work. Some of rupay cards also don't work. You will get reward points based on utility category (4900 MCC). Any card with more than 0.5% reward rate on utility category will make it net positive return.
8. Now to use the cashback, u got in previous transaction, u need to do another transaction of minimum 1500. Repeat same process as above. SuperCoins earn option is better for this small value transaction. Don't use supercoins redeem option, that gives terrible return.
9. You may also use cashback on magicpin twidpay to buy small value vouchers without any minimum transaction criterion.
Bonus benefits -
1. You can pay credit card bill using UPI under credit card payment tab and get 1% cb (minimum amount should be 2000) in snapay wallets.
2. This can be used for 50% of convinience fee when using utility payments for same day category.
3. Same day charges are 3% and T+1 charge is 2.5%. So, in net , u r saving 1% (u need to pay 1.5% instead of 2.5%) using 1.5% from snapay wallet. So basically u r getting 0.67% return on credit card payments via UPI . Of course, this is only when u intend to use utility payments.
Transaction limits -
1. 20K per transaction, 5 transaction per day for T+1
2. 15K per transaction, 1 transaction per day for same day
In general, Snapay won't ban you for any transfer under above limits. It is literally written in their description as official method for credit card to bank transfer. They just want to be sure that transactions are genuine and there won't be any chargeback. So don't use any card which is not in ur name to avoid any payment stuck issues.
But credit card company may see it as misuse. Utility category mcc has very low mdr. In general, I feel if ur usage don't exceed 30% of credit limit, it's all fine.
I have tried to cover everything in this detailed post. Please don't PM me. Everything I know is listed already and u need to re-read, if u r not seeing something. The whole purpose of this post is to avoid those DMs😅.
If still have queries, u can ask in this post and fellow dimers will respond.
- Groups
-
Finance
-
Credit Card
The homepage of the snapay showing 1.35% charge for t+1 transaction but while paying utility bill it is taking 2.5% charge
Fake offer?
This month, yet no 1% cashback code and 4% intermiles offer..only 0.9% code and 3% intermiles in paywithreward. There is 2x zillion, but not sure if it can nullify the charges.
This was bound to happen some day and further devaluation will also happen in the future.
Has anyone tried paying recently, since yesterday my transaction fails after entering OTP, no transaction actually happens, there's no declined message from the bank either.
@Knight11 Based on your experience, how would you rate the current offer/discount ? Same day charge is 2.5%, with 0.9% cashback, with around 0.9% effective reward for Zillion, so net charge coming to 0.7%. Your post states 0.5% is easily doable, so is it better to wait ?
IMHO you should aim to pay 4-5 days in advance using the delayed payment options using CC option directly. There's an additional cost of choosing PWR and even higher cost of choosing quicker payments.
You won't make that much % gain in 2-3 days that you end up paying extra for.
If you don't believe me, select same day payment and then see how much difference is there with Visa/MC when compared to PWR. This hits more when a higher amount is involved.
They have reduced intermiles rewards..now its giving just 300 points per 10k 🥺
Used snapay first time reading this post. I think slight correction needed in the calculation.
Example- lets say transfer of Rs 3000.
Charges- 2.5%- Rs. 75
Zillion coins (as per offer)- 1% equivalent i.e. Rs. 30
Cashback coupon- 1% i.e. Rs. 30
So, it appears that only 2.5-1-1= 0.5% charges are there.
But, in reality, to redeem that cashback and zillion, we have to again make a transaction worth Rs. 3000 which will require another 2.5% charges, in which after using these 2 coupons, no additional coupons/discount will be provided.
Therefore, On Rs 6000 there will be Rs 60 discount with charges 75+75= Rs. 150. So in effect one is spending Rs. 6000-60= 5940 to transfer Rs. 5850 (6000-150).
Net charges= 5940-5850= 90
% Net charges occur via paywithrewards= 1.51% (90/5940*100)
So, I guess paying via rewards or paying directly through Visa/mastercard doesn't have much difference.
Hii is there any referral benefit in snapay and Also how much charges for 10k currently? @Knight11
Referral is there, but very minimal. Doesn't matter much. Maybe u save around 100.
2.5% charge, 3% intermiles or 3.3% zillion and 1.1% cashback.
First transaction of 20K and next transaction of 3000 to redeem cashback.
Net about 0.75% charges. Credit card points as per 4900 MCC.
If u value supercoins at 0.5rs or more and need lower transaction amount, then that is better option, 2.5% charges and 4% supercoin, ignore cashback with this.
Yeh sab choro snapay-bhim ka yeh offer use karo. @Knight11
Anyone using StanChart credit card.
My payment not reflected yet even after a week (payment done on 22nd Jan). Is that usual with SCB?
If I transfer money using bob snapdeal card how much cashback I will get?
Any other way to utilise cashback of first transaction than 3000 transaction
Credit card bill payment rewards changed to 0.25% @Knight11
Snapay-Twidpay is not support RuPay CC because last time everyone misuing RuPay CC 10% cashback offer on Snapay-Twidpay.
I think other merchants maybe support Twidpay-RuPay CC. Only Snapay-Twidpay merchant is disabled.
I had a very weird experience this week.
One of my transaction of around 3K got credited thrice to my credit card account by snapay by mistake. That's not something new. It has happened with HDFC card earlier a few times and the excess gets reversed in 1-2 days.
But this time, it was yes bank card and it didn't get reversed. Now what snapay did to recover their money was they deducted the extra 6K from another transaction of 20K which was supposed to be credited today and credited only 14K.
When I asked them about shortage, they confirmed about debiting 6K amount due to 2 incorrect credits last week.
There is no net profit or loss here. But now I am thinking if yes bank doesn't allow reversals for incorrect credits? What would they have done, if I hadn't done any further transaction again to same beneficiary 😅?
Once I heard someone got similar extra credits from Paytm and he got several calls/emails to pay back the excess amount.
Current offer -
2.5% Charges, 3.75% Zillion, 1% Cashback. Net 0.6-0.7% charges. This is best in recent months.
P.S. Sadly I did lot of transactions already this month at 0.8% cashback 😞.
Does Kotak white card spend using pwr count for the milestone?
@Knight11 Zillion option doesn't appear when I chose pwr only super coins appear. What could be the reason. I do have zillion coin balance though
Are they both registered with the same mobile no.?
Does sbi cb card not give cb on snapay?
Pay with PWR showing 1% cashback on homepage, while applying coupon at payment page for 20K, showing cashback of Rs 160 only. Anyone else facing the same issue?
Sorry got confused with the process can anyone help me on how to pay credit card bill 
How to register on twidpay
There is no registration, I think. Just login with your Mobile number with OTP will create your account while doing any transaction with PAY WITH REWARD (TwidPay). @anuraggarg
Current offer -
2.5% charges, 8% supercoins.
Do a transaction of 1875 for maximum 150 supercoins. Working multiple times. Ignore snapay cashback.
Even at 0.25 per supercoin, it's only 0.5% charges. And if Myntra voucher offer comes back or u use it for recharge/swiggy/cleartrip for 0.5+ value, it's much more profit.
Supercool not visible on PWR page where payment details are entered. Any hack?
Axis ace toh gaya..any other better alternative?
![Fresh Fortune Chana dal 1kg and other items [location speciifc]](https://cdn3.desidime.com/topics/photos/1884462/medium/Screenshot2024-11-26at5.27.13PM.png?1732622473)
One request
: This trick has been there from long time if you were using Snapay but it has now become more public. Plz don't abuse this trick and use moderately so that it works for longer time. Otherwise banks will start declining transactions for this merchant also, specially twid pay(Axis flipkart card is already blocking it).
This tricks are better to be sent in DMs because Youtubers will definitely viral them for few views. @Knight11, @abhishek012 I think now most dimers have seen it, it is better to hide this post.
Nothing lasts forever.
And this is not a trick. It's a legitimate method to pay on snapay. You are paying to get back something.
And if u don't believe in sharing and want to enjoy it urself, why join this forum😂. The whole purpose of forum is sharing, otherwise it will be dead.
I will like 100 people using something for 1 day rather than 1 people for 100 days😄.
Cards with at least 1.5% reward rates excluding redemption charges and considering 1:1 value for airmiles cards.
Utility MCC -
Axis Atlas - 4% (+1% milestone)
Axis Ace - 2%
HDFC Infinia - 3.33%
HDFC DCB Metal - 3.33% (+2.5% milestone) (Doesn't work for Snapay PWR)
HDFC DCB - 3.33% (+1% milestone) (Doesn't work for Snapay PWR)
ICICI Emerald Metal - 3%
BOB Snapdeal - 2.5% (Doesn't work for Snapay PWR)
BOB HPCL - 1.67% (Doesn't work for Snapay PWR)
IDFC Wealth (not for Snapay 4900) - 2.5%
IDFC Select (not for Snapay 4900) - 2%
AU LIT - 2.5%
SC Smart - 2%
Wallet MCC - (Load to payzapp wallet and use payzapp card on Snapay PWR)
ICICI Emerald Metal - 3%
BOB Eterna - 3.75% (+1% milestone)
BOB Snapdeal - 2.5%
IDFC Wealth - 2.5%
IDFC Select - 2%
AU LIT - 2.5%
SC Smart - 2%
Just because people are getting confused, I am mentioning again in one post. First time users, Read first post for more information. And don't DM me😂.
Select T+1 -> Pay with Rewards -> Supercoins Earn -> Phonepe wallet -> PHONEPE PVT LTD Merchant (7399 MCC)
2.5% Charges, 8% Supercoins, 0.2% CB. Max transaction amount of 3750. For CB redemption, do another Transaction of 3000.
If u get at least 0.3 per supercoin value, it's net zero charge plus free cc rewards. Anything more is more profitable. Best value (1:1) is from cleartrip flights bookings (Max 750 on Tuesdays) and Few 100% supercoins usage products. You can also use on Flipkart products and Gift cards for 5% extra discount, if you have Flipkart VIP. You can also use on Myntra vouchers, if you have Myntra insider, although this is 4:1 conversion since last few months.
If u don't find anything useful, redeem on Snapay at 0.25 per supercoin. That is still just about 0.6% net charges, which is least.
Ensure you get PHONEPE PVT LTD on OTP page. Anything else (Fx Mart, PHONEPE PRIVATE etc) won't give points with most cards. Sometimes it takes 25+ attempts to get this MCC. Sometimes Phonepe doesn't allow card option at all. You just need to try again after some time.
MCC is 7399 and I think only hsbc cashback has excluded this mcc so far. All other cards should give normal points. 5% for SBI Cashback, 4.8% for Magnus Burgundy, 3.33% for Infinia, 3% (6% with 3x Subscription) for Yes Reserv, 3.75% for BOB Eterna, 2.5% for BOB Snapdeal etc. HDFC Swiggy doesn't have inclusion under 5% for 7399. So just normal 1% for HDFC Swiggy.
I think Amex/Diners/Pineperks also work here. I have verified pineperks myself. I tried Amex Sapphiro and it worked fine till OTP page. On diners, it went to a blank screen, but that maybe because it's a closed card. You can try and see.