Amazon Gift Card - 5% Cashback SBI Cashback Credit Card

[Sobirvs]

I think somewhere this thread got posted, if possible do share that thread instead as comment. If its your data, then ignore this comment.

it's not mine.

 

[jimmypappachan]

I think somewhere this thread got posted, if possible do share that thread instead as comment. If its your data, then ignore this comment.

https://www.technofino.in/community...-for-all-merchant-wise-data-collection.27562/ isn't it?

 

[Robin Thakral]

Got a 500 agv and added using Swiggy card. Worked smoothly. Now to see if cashback will come.

Followimg the thread. Let me know website is genuine as i m having doubts with that

 

[Umang85]

Followimg the thread. Let me know website is genuine as i m having doubts with that

Multiple people have been buying there. And as you can read on comments, i only bought for 5k against their lakhs. Atleast the AGV was valid. Instantly added it to wallet and it worked fine. As far as CB on Swiggy is concerned, will only know once statement is generated.

 

[Umang85]

Just found something interesting on X related to mentioned site.

 

[helloworld]

Just found something interesting on X related to mentioned site.

I might be overthinking this, but I believe posts openly discussing high returns on APay vouchers could be a reason why banks are increasing surcharges on these purchases via Gyftr portals.

From their perspective:

• Gyftr & Maximize might assume that people are getting Amazon vouchers at a discount, leading them to increase surcharges to make up for it.
• Gyftr might tell banks that customers are using more Amazon Pay vouchers, encouraging banks to further increase surcharges, since they see it as a "double dip" opportunity for users.

User provided calculation:​

• Gold Charge earns 1,600 MR on ₹1,000 × 6 spend = 26% MR return
• Total paid: ₹6,000 + bank surcharge ₹53.1 (0.885% amzn already charging) = ₹6,053.1
• For a 26% return, 1 MR point should be worth at least ₹0.98

Issue here is, Gyftr, Maximize, and banks don’t need this calculation -> they just see the 26% return and might justify raising surcharges to 6%, believing users are still getting a 20%+ return.

IMO, Tagging Gyftr, Maximize, and explicitly mention the 26% return with Gold Charge might unknowingly attract attention from banks and platforms, leading to further surcharges.

Also, 26% here is very very hard to achieve most of the time and for many of the people.

 

[ujjwal2024]

I might be overthinking this, but I believe posts openly discussing high returns on APay vouchers could be a reason why banks are increasing surcharges on these purchases via Gyftr portals.

From their perspective:

• Gyftr & Maximize might assume that people are getting Amazon vouchers at a discount, leading them to increase surcharges to make up for it.
• Gyftr might tell banks that customers are using more Amazon Pay vouchers, encouraging banks to further increase surcharges, since they see it as a "double dip" opportunity for users.

User provided calculation:​

• Gold Charge earns 1,600 MR on ₹1,000 × 6 spend = 26% MR return
• Total paid: ₹6,000 + bank surcharge ₹53.1 (0.885% amzn already charging) = ₹6,053.1
• For a 26% return, 1 MR point should be worth at least ₹0.98

Issue here is, Gyftr, Maximize, and banks don’t need this calculation -> they just see the 26% return and might justify raising surcharges to 6%, believing users are still getting a 20%+ return.

IMO, Tagging Gyftr, Maximize, and explicitly mention the 26% return with Gold Charge might unknowingly attract attention from banks and platforms, leading to further surcharges.

Also, 26% here is very very hard to achieve most of the time and for many of the people.

ok...but my confusion is
whether the bank peoples are so ignorant that they do not already know that Gold charge gives 26% return
for that do they really need my help or will they learn from me and thank me that wow..I, HDFC, Never know that using gold charge you can buy amazon voucher at 26% return...
it is becoming a trend to assume that everything is happening without the knowledge of the bank people (like something secret) and if you are the first one to teach them

 

[ZoomZumba420]

I might be overthinking this, but I believe posts openly discussing high returns on APay vouchers could be a reason why banks are increasing surcharges on these purchases via Gyftr portals.

From their perspective:

• Gyftr & Maximize might assume that people are getting Amazon vouchers at a discount, leading them to increase surcharges to make up for it.
• Gyftr might tell banks that customers are using more Amazon Pay vouchers, encouraging banks to further increase surcharges, since they see it as a "double dip" opportunity for users.

User provided calculation:​

• Gold Charge earns 1,600 MR on ₹1,000 × 6 spend = 26% MR return
• Total paid: ₹6,000 + bank surcharge ₹53.1 (0.885% amzn already charging) = ₹6,053.1
• For a 26% return, 1 MR point should be worth at least ₹0.98

Issue here is, Gyftr, Maximize, and banks don’t need this calculation -> they just see the 26% return and might justify raising surcharges to 6%, believing users are still getting a 20%+ return.

IMO, Tagging Gyftr, Maximize, and explicitly mention the 26% return with Gold Charge might unknowingly attract attention from banks and platforms, leading to further surcharges.

Also, 26% here is very very hard to achieve most of the time and for many of the people.

What is the Gold Charge and 1600 MR? How can I get 26% return via this.

I have SBI Cashback Card and I mostly buy Amazon GV from Amazon and sometimes form Maximize Money.

Am I missing something?

 

[Agkrishna]

I am not getting option to buy, just joined the waitlist

 

[mercury]

First post here. Got only 1% using HDFC Swiggy on maximize.money.

 

[BhaiyaJi]

First post here. Got only 1% using HDFC Swiggy on maximize.money.

thats expected as per tncs

 

[BhaiyaJi]

First post here. Got only 1% using HDFC Swiggy on maximize.money.

https://www.technofino.in/community...ck-sbi-cashback-credit-card.37124/post-919837 . .

 

[avikrish]

First post here. Got only 1% using HDFC Swiggy on maximize.money.

Same I also 1% for Swiggy HDFC Bank on maximize

 

[Chiraggyl]

I haven’t bought amazon gift card from amazon in last 6 months.. still they aren’t allowing me to use credit cards to buy gift card.. anything i can fix?

 

[Umang85]

I might be overthinking this, but I believe posts openly discussing high returns on APay vouchers could be a reason why banks are increasing surcharges on these purchases via Gyftr portals.

From their perspective:

• Gyftr & Maximize might assume that people are getting Amazon vouchers at a discount, leading them to increase surcharges to make up for it.
• Gyftr might tell banks that customers are using more Amazon Pay vouchers, encouraging banks to further increase surcharges, since they see it as a "double dip" opportunity for users.

User provided calculation:​

• Gold Charge earns 1,600 MR on ₹1,000 × 6 spend = 26% MR return
• Total paid: ₹6,000 + bank surcharge ₹53.1 (0.885% amzn already charging) = ₹6,053.1
• For a 26% return, 1 MR point should be worth at least ₹0.98

Issue here is, Gyftr, Maximize, and banks don’t need this calculation -> they just see the 26% return and might justify raising surcharges to 6%, believing users are still getting a 20%+ return.

IMO, Tagging Gyftr, Maximize, and explicitly mention the 26% return with Gold Charge might unknowingly attract attention from banks and platforms, leading to further surcharges.

Also, 26% here is very very hard to achieve most of the time and for many of the people.

Well the reason I added the tweet was mainly that I never knew you could use Amazon pay vouchers for buying other gift cards... That was the whole point of highlighting it. And yes the return rates mentioned are not accurate.

 

[likith_jogi]

What is the Gold Charge and 1600 MR? How can I get 26% return via this.

I have SBI Cashback Card and I mostly buy Amazon GV from Amazon and sometimes form Maximize Money.

Am I missing something?

Gold charge is Amex Gold Charge Card.