Buy GOLD below market rate - 10% Discount on Gold Coins at AJIO on ICICI Credit Cards

[Deleted member 26954]

Currently Ajio is running a offer on ICICI credit cards wherein you can get 10% discount on gold coins (max Rs 1000)...Net cost is below market rate...You may take advantage

 

[akilmds]

No. Only 5% discount upto 1000. You can use any 5% cashback card like SBI CB to get additional 5% cashback.

Do SBI cashback card provide 5% CB for gold coins in AJIO? As per T&C, cashback is not applicable for gold jewelry purchase !!

 

[Zacobite]

g

Prepaid discount is 5% and I got extra 398 SC discount for Flipkart VIP membership.

gold is cheaper on fk vs amz... interesting trend

 

[navdeep22]

ALERT::: This offer is LIVE right now

not find it worth man 7081 is okayish price i would say. alteast for me, who has looted ajio for not less than 20% with au lit card

 

[navdeep22]

Do SBI cashback card provide 5% CB for gold coins in AJIO? As per T&C, cashback is not applicable for gold jewelry purchase !!

ajio gives apparel mcc code, generally saying

 

[Riva]

ajio gives apparel mcc code, generally saying

You mean if you buy gold coins/bar on Ajio the mcc code shows as apparel and not jewellery?? 100% confirmed??

 

[navdeep22]

You mean if you buy gold coins/bar on Ajio the mcc code shows as apparel and not jewellery?? 100% confirmed??

i bought gold when it says reliance retail during filling OTP. and i got apparels cashback on AU LIT credit card every time, used this month ealier also,

 

[Riva]

i bought gold when it says reliance retail during filling OTP. and i got apparels cashback on AU LIT credit card every time, used this month ealier also,

So technically axis cards should also give ER for gold coins even though Gold and Jewellery is in tht exemption list.

 

[navdeep22]

So technically axis cards should also give ER for gold coins even though Gold and Jewellery is in tht exemption list.

they should yes

 

[Krishna Kumar]

not find it worth man 7081 is okayish price i would say. alteast for me, who has looted ajio for not less than 20% with au lit card

Less than the current market price. I got it using Eterna for extra cashback.

 

[Krishna Kumar]

Do SBI cashback card provide 5% CB for gold coins in AJIO? As per T&C, cashback is not applicable for gold jewelry purchase !!

Yes it provides. I am getting it for last 4 months.

 

[Krishna Kumar]

You mean if you buy gold coins/bar on Ajio the mcc code shows as apparel and not jewellery?? 100% confirmed??

Yes. You will get 5% for sure.

 

[Riva]

Can you buy gold coins from Ajio using vouchers? Basically buy Ajio vouchers from Axis Gyfter @10% discount, and then load that in Ajio and pay using the voucher. Does this work for buying gold coins on Ajio?

 

[Krishna Kumar]

Can you buy gold coins from Ajio using vouchers? Basically buy Ajio vouchers from Axis Gyfter @10% discount, and then load that in Ajio and pay using the voucher. Does this work for buying gold coins on Ajio?

Not sure. Search in the Terms and Conditions of the AJIO Vouchers regarding Gold/silver coins and jewellery.

 

[Riva]

I think wallet balance cannot be used to buy jewellery, gold and silver.

 

[yolofino]

Has anyone sold the gold coins bought from these portals in the offline market? Do they buy at IBJA rates or how much percentage less from IBJA rates? any popular stores that take these gold coins while making jewellery?

 

[BVCBVC is verified member.]

Can you buy gold coins from Ajio using vouchers? Basically buy Ajio vouchers from Axis Gyfter @10% discount, and then load that in Ajio and pay using the voucher. Does this work for buying gold coins on Ajio?

No you can’t using Ajio vouchers.

 

[Krishna Kumar]

Has anyone sold the gold coins bought from these portals in the offline market? Do they buy at IBJA rates or how much percentage less from IBJA rates? any popular stores that take these gold coins while making jewellery?

I have exchanged them for gold jewellery at GRT Jewellers, Chennai. They took it for the 24 kt market rate on that particular day.

 

[navdeep22]

Has anyone sold the gold coins bought from these portals in the offline market? Do they buy at IBJA rates or how much percentage less from IBJA rates? any popular stores that take these gold coins while making jewellery?

Ajio prices was 7770 I got is for 7000 , asked jeweller that day, he was ready to it for 7150 around . He was a local jeweller

 

[vine]

Are Market prices roughly ₹200-300 more than ibja price on that day?

 

[akilmds]

I have exchanged them for gold jewellery at GRT Jewellers, Chennai. They took it for the 24 kt market rate on that particular day.

I am glad to know; I am from Chennai too 🙂 Have you checked if they will give cash instead? How much % reduction in the case of cash for gold coins?