coala

can i use 2 credit cards to pay for each other?

is that possible? if not, isn’t it a loop hole?

no crazy interest

borrow monei from c1-pay with c2 when billed and clear it-pay c2 with c1 when billed-continue until you can pay the whole thing off without any interest

7mo ago

jake_peralta_B99

Freelancer7mo

This will never happen. You cannot pay for 1 credit instrument with another credit instrument. It leads to a revolving credit problem. This is solved and is designed in that way.

coala

American Express7mo

ok hear me out, what if i put the money to my demat account (say groww), and refund it to a saving account(not investing) - now i use the saving account to pay for the cc debt and the cycle continues

or or - i buy something on amazon/flipkart, and cancel it and request the refund to a saving account and keep running the cycle

rishudog

Flipkart7mo

You cant put money in demat with cc, you generally dont get refund on your bank acc when u pay w cc

steppenwolf

Stealth7mo

You cannot do that. Credit cards don't allow payments to other credit cards. You need to withdraw from 1 card and then you can pay. But you will be charged 2-3% as fees.

coala

American Express7mo

what if both of them are rupay cards?

steppenwolf

Stealth7mo

I don't know in that case. But I don't think they will allow it.

WarlikeSmell

Deloitte7mo

Your idea is as brilliant as a black hole. It's not a loophole, it's a noose. "Chakravyuh mein phas jaoge." Why not earn honestly instead?

coala

American Express7mo

@WarlikeSmell curiosity. i got my first cc recently - not a big cc fan.

FacelessVoid

Capgemini7mo

Knock knock..

Shin_chan

Meesho7mo

When you use 100% of your brain

ratan_tata

TCS2mo

200%

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coalaAmerican Express7mo

Credit card loophole

context: i posted how one can use one cc to pay for another cc and keep on passing debt without incurring interest

found this on reddit

so - it can be done huh! who’s laughing now bwahahahahahaha

coalaAmerican Express7mo

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