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.
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.
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