No money for IPO? Apply it via Credit Card Limit !

Market is currently flooded with IPOs. Liquid Money is one of the major issue with investors who want to apply for IPOs. Here is a small hack on applying IPO with Credit Card Limit.

Step 1: Install No Broker Pay App

https://play.google.com/store/apps/details?id=com.nobroker.pay

It is a trusted house rent payment app via Credit Card.

Step 2: Enter Rent Amount (IPO money you want to withdraw) and Owner Details where you need to transfer Rent (Your Account No.)

Step 3: No Broker charges 1% fees as Processing fees upto 75,000. This 1% is typically returned back as cashback by Credit Card company in the form of Points/Rewards

Thats it. Typically they take around 8 to 10 hours to credit the money in bank account.

Is it Legal.?

Its not illegal 😊

P.S: You can also use Cred, Magic Bricks Rent Payment Feature

Other Option:

IDFC First Bank offers free cash withdrawl (10%) from credit card limit.