Today we will tell you about such an incident, in which a person became the owner of 2 crores by filling credit card bill. Yes and this is a true incident.
New Delhi: Nowadays everyone is using credit card and debit card to fulfill their needs. If you also have a credit card, then this news can prove to be very beneficial for you. Today we will tell you about such an incident, in which a person became the owner of 2 crores by filling the credit card bill. Yes and this is a true incident. On paying the card, customers get rewards and points from the bank, in return for which customers get Rs.
Let us tell you that a person from America has earned Rs 2 crore 17 lakh through rewards of credit cards. According to a report in the ‘Wall Street Journal’, a man named Kostatin Anikeev started buying a large number of gift cards with his credit card.
How did millions of money used to purchase Anikev credit card daily gift card according to the limit and then it would get cash. After this, he used to deposit this money in the bank account and pay the credit card bill with it. Whatever rewards you get during this time, they earn money.
used american express credit card
Let us tell you that American Express credit cards that Anikeev had, using those cards used to get 5 percent unlimited rewards for making purchases at grocery stores or pharmacies. Along with this, he used to buy prepaid Visa cards by going to the grocery store. There was a limit for every day for the purchase of gift cards.
5 percent used to get reward
Let us tell you that when Anikeev bought a $ 500 gift card, he used to get $ 25 as reward points at the rate of 5 percent on it. According to the report, while doing so, Anikev earned three lakh dollars (about 20 million rupees seventeen lakh).
Let us tell you that on coming to know about this, the system of the US Tax Department alerted the officers. After this, the Income Tax Department started investigation regarding disproportionate assets and sent them a notice.