If someone tells you that you can become a millionaire by using a credit card, then your reaction will be exactly as if you have seen the Taj Mahal on the moon. So today let me introduce you to one such person, "Konstantin Anikeev" living in USA earned 2 crores in a very short time from his American Express credit card. Couldn't believe hearing it. Let us tell you the whole thing, in fact every credit card gives you some points for using that card and making payment on time. On this basis, American Express in the USA had come out with a scheme of 5% cashback on using his card, Konstantin used to buy cashback vouchers on his card every month and then deposited it in his own bank account and used to pay his bill with the same money. Used to take 5% cashback, it sounds very less, but think if he takes a cash card of 1 crore every month, then he will get a profit of 5 lakhs, and in USA no tax on cashback earning. Similarly, this guy earned Rs 2 crore in a very short time. As soon as American Express came to know about this, they stopped this scheme and blocked Konstantin's card. If you guys also use credit card then write yes in the comment box.
#shorts #dailyknowledgedose #dataiseverything #facts #trending #trendingnow
#shorts #dailyknowledgedose #dataiseverything #facts #trending #trendingnow
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