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Exclusive: Adding money to credit card in Mobikwik will charge, know details

January 16, 2021
in Business
3 min read
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Exclusive: Adding money to credit card in Mobikwik will charge, know details
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If you add up to a total of 10 thousand rupees in a month with a credit card to Mobikwik Wallet, then you will not have to pay any charge.

Using one of India’s largest digital wallets, Mobikwik has become a bit expensive.

  • January 16, 2021, 8:17 PM IST

new Delhi. You will be using Mobikwik Wallet to recharge mobile and DTH, pay water and electricity bills, book gas cylinders or online orders. If you also use Mobikwik from one of the country’s big digital wallets, then this is bad news for you. Using Mobikwik has become expensive now.

2% charge on loading money with credit card
Actually, till now no extra charge had to be paid for loading money in Mobikwik wallet with credit card. But now the company has changed the rules. According to the information found on the Mobikwik app, if a user adds more than 10 thousand rupees money to a credit card in a Mobikwik wallet, then he will have to pay an extra charge of 2 percent.

Also read- Bank Interest: Canara and IDBI Bank get highest interest on savings account, know details

For example, if you add up to a total of 10 thousand rupees in a month by credit card to Mobikwik Wallet, then you will not have to pay any charge. If you add 11 thousand rupees to a credit card in a month, then you will have to pay an extra charge of 20 rupees for 2 thousand rupees on the amount of one thousand. If you add 15 thousand rupees to a credit card in a month, then you will have to pay an extra charge of 100 rupees for 2 thousand rupees on the amount of 5 thousand rupees.

Extra charge will not be given for money added through debit card, netbanking or UPI
However, no extra charge will be levied for debit card or netbanking in Mobikwik wallet or adding money from UPI to Mobikwik wallet.

Also read- Here is the most cashback on recharge and bill payments

Loading money from credit card in Paytm will be charged 2% from October 15
It is worth noting that from 15 October 2020, if a user adds money to the country’s largest e-wallet Paytm by credit card, then he has to pay an additional charge of 2 per cent. For example, if you add 100 rupees to the Paytm Wallet with a credit card, then you have to make a payment of 102 rupees from your credit card.



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