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Bug that makes Magnus devaluation proof resulting in free Gold!

Dear members,

I know that almost everyone of you having Magnus, Reserve Cards might be worried about the potential value of your points post devaluation if it happens!

In any circumstances if devaluation happens and the value of ER goes down to 5:1 as decided by Axis, then the best option for a newbie is to redeem for Apay GC.

But as we all belong to the Top 1% spend optimisers, we can still figure out some bugs/tricks in the worst situation as well.

Most of you might be aware of the availability of Multibrand vouchers on Edge Rewards portal which specifically claims that it is only for Privilege Card, but in reality, it is not.

I have even redeemed it using my ER without having any Privilege card and the reason is that, Axis's ER are not segregated like SC, or other banks.

This is the reason, people are able to transfer 30k Samsung points at 5:4.

View attachment 22219

  • BRANDS AVAILABLE:
    • Online - Shoppers Stop | Myntra | Prestige | BB Star
    • OTT - Zee5 | Sony Liv
    • Dining - Pizza Hut | Costa Coffee
    • Fashion - Louis Philippe | Vero Moda | The Raymond Shop | W for Woman | United Colors of Benetton | Levi’s | Woodland | Puma | Lifestyle | Bata | Hidesign | Hush Puppies | Aldo
    • Beauty & Health Care - The Body Shop | Kama Ayurveda | Apollo Pharmacy

Now you can clearly notice, that there is presence of Myntra in this group of brands.
www.gyftr.com/rewards/privilegecard

So, essentially we can get a gold back of 12.5% of spends of 1L or even more if we use Gyftr.

As these are vouchers that too not restricted to only one brand, so one can also sell these in open market and extract pure cash out of it just as a statement credit.

Anyone wondering about their milestone of May, June, can easily use this trick in case of devaluation.
As this method is providing us a ratio of 5:2, which is not that bad as compared to 5:1, it is just double, so cheers!
You are a selfless man unlike so many Big A* who only want money for every consultation
 
You are a selfless man unlike so many Big A* who only want money for every consultation
@RewardsAlert is a really selfless man in this community or anyone else, if your presence is not there few days, community lost is light and shine…total selflessness🫡

I would like to express my deep gratitude to you both for sharing these kind words with us.

It's really about the knowledge I feel that matters.

My whole aim behind doing this was to create a small subset of focused and dedicated folks who like to optimize even their smallest spend.

There are many new things that I have got to learn from you all, which would not be possible in open forum as people are not comfortable to share certain things just like me.

Again, I am getting enough rewards and benefits from God's grace by using credit cards which satisfies my need.

I am really fortunate to have been a part of this community and one of the value contributors over time.

It's your small compliments and blessings that keep us going! 😇
 
Personal recommendation for folks here would be as follows:-

50% to Accor and 50% remaining airlines.

I can easily say we will have many opportunities for airlines in future but Accor is partner only with axis/hdfc.
Axis going to reduce the ratio , hdfc too may follow the suit when everyone attacks them.
 
You can do 3-4 nights in various ITC hotels. ITC Mughal - 5200 GP per night
ITC Rajputana - 6,600 GP per night
What??? Really???? How can I check these rates? And what's the validity of ITC points? And what's the best way to convert ER to ITC?
 
Personal recommendation for folks here would be as follows:-

50% to Accor and 50% remaining airlines.

I can easily say we will have many opportunities for airlines in future but Accor is partner only with axis/hdfc.
Axis going to reduce the ratio , hdfc too may follow the suit when everyone attacks them.
Also ITC. HDFC/Amex doesn't have them. Although you can book itc via marriot, the points requirements are high.
 
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