🛑 Credit Card Bill Payment Cashback Offers 🔥Earn 10%+ 5% Cashback 🔥 New Trick 🔥All Users 🔥

Summary

This video discusses recent changes to cashback offers for credit and debit card bill payments, focusing on updates to MCC (Merchant Category Codes) that affect cashback eligibility. The speaker shares valuable tips to maximize cashback, such as using multiple bank accounts, setting up auto bill payments, and upgrading to specific savings accounts. Personal proof of successful cashback transactions is provided, illustrating how to earn cashback even with the new limitations. Despite some restrictions, the video offers strategies and tricks for effectively utilizing credit and debit cards to earn substantial rewards.

Takeaways

• 😀 The cashback offers and MCC codes have changed, meaning not all categories are eligible for cashback now.
• 😀 The author explains that credit card bill payments can still earn cashback, but the rates have changed. For example, 10% cashback is no longer available on credit card bill payments.
• 😀 A trick involving making payments to multiple bank accounts (e.g., family members' accounts) with the same credit card is shared, ensuring cashback is earned on each account.
• 😀 Users can still earn cashback through bill payments, but smaller rewards (e.g., ₹1 cashback per ₹500 payment) are now the norm.
• 😀 The author provides proof of cashback transactions, showing successful cashback for credit card bill payments from different accounts on different dates.
• 😀 A deposit-based trick allows users to earn substantial cashback by transferring ₹5000 initially and maintaining a minimum monthly deposit for cashback eligibility.
• 😀 By setting auto-payment for bills using credit cards, users can earn ₹200 cashback per payment cycle (with a ₹5000 minimum) and cancel the auto-payment without penalties.
• 😀 The author demonstrates how to earn ₹5000 monthly by making specific deposits in a 'Super Savings Account' with Kotak Bank and using a debit card for purchases.
• 😀 Certain categories like insurance payments, money transfers, and government services no longer qualify for cashback due to new MCC code restrictions.
• 😀 The author warns that many people may face difficulties in earning cashback due to these changes but assures that the tricks shown in the video are still effective with proof provided.
• 😀 A reminder is given to join the author's Telegram group for daily updates and more tricks, as they continue to provide new methods to maximize cashback and rewards.

Q & A

What is the main topic discussed in the video?

The main topic of the video is how to maximize cashback on credit card bill payments, along with tricks to leverage certain bank accounts and changes in cashback policies.

What recent changes have been made to the cashback system for MCC codes?

The cashback offers for certain MCC codes have changed, meaning many categories, such as insurance payments and money transfers, no longer offer cashback. For credit card bill payments, the cashback is now limited to ₹1 per ₹500 paid, which is a significant reduction from the previous 10% cashback.

How does the speaker demonstrate the effectiveness of the cashback trick?

The speaker demonstrates the cashback trick by showing proof from their personal bank account. They explain how they made payments using different India accounts, and both accounts received the same cashback, confirming the trick works across multiple accounts.

What are the steps for maximizing cashback with an India account?

To maximize cashback with an India account, you can make credit card bill payments from multiple accounts. The speaker suggests opening multiple India accounts within your household and using the same credit card to pay bills from each account, thereby earning cashback on each payment.

What is the significance of the Kotak Super Savings account for cashback?

The Kotak Super Savings account is significant because it offers a monthly cashback of ₹500 when you deposit ₹5000. This leads to an annual cashback of ₹6000. The speaker encourages viewers to upgrade their Kotak 811 account to the Super Savings account to avail this benefit.

Is there any risk associated with the tricks mentioned in the video?

There is no direct risk mentioned, but it’s important to note that cashback offers and terms can change without notice. Therefore, viewers should stay updated with any modifications in the cashback system to avoid any surprises.

What categories no longer offer cashback according to the new MCC code changes?

Certain categories like insurance payments, government services, lottery payments, and money transfers no longer offer cashback. This is part of the recent changes in the MCC codes.

How can viewers ensure they continue earning cashback despite these changes?

Viewers can continue earning cashback by focusing on eligible categories, such as credit card bill payments, and exploring multiple bank accounts to leverage the cashback on each one. Additionally, using auto-payment systems for bills can also trigger cashback rewards.

What’s the best way to get ₹200 cashback as described in the video?

To get ₹200 cashback, the speaker recommends setting up an auto-payment for a credit card bill payment of ₹5000 or more. After making the payment, you can cancel the auto-payment to keep the ₹200 cashback.

Why does the speaker recommend opening an India account or converting a Kotak account?

The speaker recommends opening an India account or converting to a Kotak Super Savings account because these accounts provide opportunities to earn cashback through credit card bill payments, deposits, and other eligible transactions, which can be highly profitable over time.