48%+ (20% Milestone) Net Reward Rate on Magnus Credit Card

[kvagarwal]

Hi, I recently got magnus credit card and explored gyftr recently. Can I buy INR 50K worth worth 10 Makemytrip Holiday gift card (5k x 10 cards) and get 10X rewards?

Total Benefit= 5000 * 6% * 10 cards = 3000 RP
3000 * 10X = 30k Edge reward points
Since there is 6000RP cap per txn, I will buy in 5 parts. i.e. 2 gift cards in each txn.
Then we can use 30k edge reward points for 24000 Airmiles by point-to-point transfer for edge points.

And If you can make 1L txn in one calender month, another 25000 BONUS edge points or convertible to 20000 Airmiles.

Considering Club Vistara, 1 CV point~ 1 Rs Value
Net Reward rate = 48% + 20%(Milestone)

**Update: There is no cap on Edge rewards per txn. You can buy 10 Gift cards in one go and get rewards. However, you can only redeem 3 giftcards in one MMT holiday transaction.

 

[DrTS]

Math seems ok but you can use only 3 mmt holiday gift card in one transaction, just saying.

 

[kvagarwal]

Math seems ok but you can use only 3 mmt holiday gift card in one transaction, just saying.

dint know this, will read abt it. Thanks

 

[James2307mr]

Is there a cap of 6000 ER Points per transaction on Gyftr?

I don't see it anywhere! Could you kindly share the link where you read it.

 

[Slayer]

There's no capping on gyftr for any ER accural

 

[kvagarwal]

There's no capping on gyftr for any ER accural

Corrected

 

[NikunjP]

If you are only looking for higher reward points you can buy Faces Canada product which gives 35X rewards:

For 1000 Rs purchase you will get 60*35 = 2,100 Reward points = 1,680 CV points.

 

[Wealth is my birth right!]

Hey Mr. Agarwal! kindly accept our sincere apologies for the delay in response. We would like to inform you that you can purchase the gift voucher worth INR 5000*10. Further, we wish to inform you that you will be also eligible for 10X reward points which will be credited after 120 days from the date of the purchase.
Team GyFTR

So 50k possible that’s a great official news

 

[purush]

If you are only looking for higher reward points you can buy Faces Canada product which gives 35X rewards:

For 1000 Rs purchase you will get 60*35 = 2,100 Reward points = 1,680 CV points.

Is it gyftr. I couldn't see

 

[NikunjP]

Is it gyftr. I couldn't see

It's GrabDeals.

 

[anilkrsh]

Wondering which is better- grabdeals or giftedge for Myntra and FK.

 

[manzb]

Wondering which is better- grabdeals or giftedge for Myntra and FK.

Typically FK runs 10% off kind of schemes for Axis cards 2-3 times a month. If you have not exhausted 10K grabdeals points for the month, then you can go for FK shopping via grabdeals.

So net benefit will be

1. 10% instant discount
2. 5X rewards via grabdeals - (upto 10K points)

 

[Reward Hunter]

Hi, I recently got magnus credit card and explored gyftr recently. Can I buy INR 50K worth worth 10 Makemytrip Holiday gift card (5k x 10 cards) and get 10X rewards?

Total Benefit= 5000 * 6% * 10 cards = 3000 RP
3000 * 10X = 30k Edge reward points
Since there is 6000RP cap per txn, I will buy in 5 parts. i.e. 2 gift cards in each txn.
Then we can use 30k edge reward points for 24000 Airmiles by point-to-point transfer for edge points.

And If you can make 1L txn in one calender month, another 25000 BONUS edge points or convertible to 20000 Airmiles.

Considering Club Vistara, 1 CV point~ 1 Rs Value
Net Reward rate = 48% + 20%(Milestone)

**Update: There is no cap on Edge rewards per txn. You can buy 10 Gift cards in one go and get rewards. However, you can only redeem 3 giftcards in one MMT holiday transaction.

Vistara ratio value to Rs 0.30 / 0.20 paise. Never it is Rs 1 mile to Rs

 

[manzb]

Vistara ratio value to Rs 0.30 / 0.20 paise. Never it is Rs 1 mile to Rs

That is too low. Currently any direct domestic flights economy tickets are upwards of 5K. You can get the same for 5K CV. So the value is around 80-90ps (after deducting the 700+ taxes that one has to pay for redemption tkts). Sometime it goes all the way to 120ps and at the lower end around 70ps. Not sure where you get the 20ps valuation.

Even for international leg it gives 50ps valuation (it is really poor).

 

[Reward Hunter]

That is too low. Currently any direct domestic flights economy tickets are upwards of 5K. You can get the same for 5K CV. So the value is around 80-90ps (after deducting the 700+ taxes that one has to pay for redemption tkts). Sometime it goes all the way to 120ps and at the lower end around 70ps. Not sure where you get the 20ps valuation.

Even for international leg it gives 50ps valuation (it is

That is too low. Currently any direct domestic flights economy tickets are upwards of 5K. You can get the same for 5K CV. So the value is around 80-90ps (after deducting the 700+ taxes that one has to pay for redemption tkts). Sometime it goes all the way to 120ps and at the lower end around 70ps. Not sure where you get the 20ps valuation.

Even for international leg it gives 50ps valuation (it is really poor).

That is too low. Currently any direct domestic flights economy tickets are upwards of 5K. You can get the same for 5K CV. So the value is around 80-90ps (after deducting the 700+ taxes that one has to pay for redemption tkts). Sometime it goes all the way to 120ps and at the lower end around 70ps. Not sure where you get the 20ps valuation.

Even for international leg it gives 50ps valuation (it is really poor).

What is the value per mile in INR, trying a book a flight a month away Mumbai- Chennai, Mumbai- Bangkok, the value is 0.20 paise or 30 paise.

Eg - ticket cost is Rs 3800, miles needed 11500

Ticket cost is Rs 15,000 mile 25800.

 

[Reward Hunter]

What is the value per mile in INR, trying a book a flight a month away Mumbai- Chennai, Mumbai- Bangkok, the value is 0.20 paise or 30 paise.

Eg - ticket cost is Rs 3800, miles needed 11500

Ticket cost is Rs 15,000 mile 25800.

This is June date

 

[Reward Hunter]

That is too low. Currently any direct domestic flights economy tickets are upwards of 5K. You can get the same for 5K CV. So the value is around 80-90ps (after deducting the 700+ taxes that one has to pay for redemption tkts). Sometime it goes all the way to 120ps and at the lower end around 70ps. Not sure where you get the 20ps valuation.

Even for international leg it gives 50ps valuation (it is really poor).

Mum- chennai ticket is 3800-4000 miles is showing 11500

Mumbai - Bangkok is 11500-12000, miles showing 25000

The above is June end

 

[manzb]

What is the value per mile in INR, trying a book a flight a month away Mumbai- Chennai, Mumbai- Bangkok, the value is 0.20 paise or 30 paise.

Eg - ticket cost is Rs 3800, miles needed 11500

Ticket cost is Rs 15,000 mile 25800.

Are you sure? You might be looking at some wrong sites/screens .. it clearly says tickets are available at almost all dates for 4500 points and Rs 533/- as taxes.

 

[manzb]

Finally I got it.. you are choosing "Cash+Points" option... Please chose REDEEM FLIGHTS option.

 

[purush]

Finally I got it.. you are choosing "Cash+Points" option... Please chose REDEEM FLIGHTS option.

U solved it now, i worried as have some points with them