Buying GOLD/Jewellery from Credit Card

[codenerd]

Hi all,
Some of you may not have an idea about buying gold/jewellery via credit cards. I myself didnt have much idea until I purchased myself.

So recently I purchased jewellery from a big retail jeweller and swiped my cards at their POS machine. Following are the cards I used:
AMEX Smart Earn CC - Got 1 MR point/50rs without capping
AMEX Gold Charge Card - Got 1 MR point/50rs without capping
Indusind Visa Signature Debit Card - Got 125 points on spending 10K
Amazon ICICI Apay CC - Straight 1% cashback to amazon pay wallet

The point of this post is that there are many cards which dont give any reward points on buying gold/silver or any jewellery or atleast they mention that way in their T&C. I used the above cards at their physical store (not online purchase) and got all the due rewards without any issue.

Bonus Tip: Then added the above equivalent amount to Mobikwik Xtra and earned 12% p. a until my bill payment date. That way I kind of earned more money/value out of this transaction/strategy.

Another Bonus Tip: Paid all credit card dues a week before the due date (enjoyed 12%interest p.a until then without any issue!!!) via CRED via DEBIT CARD.
Since I used IndusInd Visa Signature Debit Card (Indus Partner Account. Neither Select, nor Exclusive), I got 3K points which is equivalent to around 1050rs cash redemption.
Basically if you pay your CC bill using Cred by your IndusInd Visa Signature Debit Card, you kind of get 1050rs per 1 lakh bill payment roughly per month per card.

 

[aceventura]

Hdfc dinner black reward rate for Jewellery purchase?

No idea whether HDFC dinner black gives rewards in the first place as many cards dont

Regular RPs at 3.33%. Got 15k points for making 4.5L transaction at a jewellery store.

 

[aceventura]

At which store you used Apay? In their TnCs it is mentioned that they do not give cashback on gold purchases.

Apay gives 1% for jewellery offline. Have used it before and got 5k cashback for 5L purchase. But make sure you don't get cashback more than 8k per month, otherwise your card will be blocked and last transaction that made it cross the threshold will also not get the cashback.

 

[aceventura]

Damn will use DCB from now. Also there is a max limit of 2500 points on dcb daily, right? Am I missing something?

It is only for Smartbuy accelerated rewards. Even if you buy gyftr vouchers beyond the daily limit, you will still get the regular 3.3%. I don't think there is any limit on regular RP accrual or it should be a very huge number like 2L RP limit per cycle like Infinia.

 

[Googix]

Can anyone confirm if Axis/IDFC vistara cards consider gold purchases for milestones? Have around 3L gold purchase to make

 

[VedKarma]

It is only for Smartbuy accelerated rewards. Even if you buy gyftr vouchers beyond the daily limit, you will still get the regular 3.3%. I don't think there is any limit on regular RP accrual or it should be a very huge number like 2L RP limit per cycle like Infinia.

There is cap of earning 75k RP per statement cycle since oct 23

 

[Deleted member 23535]

I got points in Tata Neu Infinity Card by swiping in POS machine

How much monthly cap for offline txns using tata neu cc?

 

[Deleted member 23535]

I agree. I myself used it and got flat 1% CB. Then transferred that same amount to Mobikwik Xtra to get 12% p.a, until the bill date and earned interest. Then paid the bill via Indusind Debit card and got around 0.93% cashback of around Rs.1100!
I also used AMEX cards and earned points for jewellery purchase!

What is this mobikwik xtra?

 

[Daunt]

What is this mobikwik xtra?

Another P2P lending platform like 12% club, lendbox etc.

 

[dadofjohnwick]

Can someone help me on this...

I recently used MRCC to do a monthly scheme payment at GRT online. works. got reward points also. and spends also counted in 20k milestone benefit.

 

[CHOCOPANDA]

I hav hdfc millenia. How much cashback can I get if I offline purchase gold in any shop. For 1lakh.
And I have hdfc tata neu plus credit card if purchase from neu card around 3lakh. Then how much cash ack can I get

 

[knight]

I hav hdfc millenia. How much cashback can I get if I offline purchase gold in any shop. For 1lakh.
And I have hdfc tata neu plus credit card if purchase from neu card around 3lakh. Then how much cash ack can I get

Base rewards rate for both.

Both Millennia and Neu plus 1%.

+ pay the bill with a rewarding debit card (Millenia DC/ indusind/ RBL) to get another 1% as discussed in other threads.


i used both millenia & neu infinity and got the base rate.

 

[CHOCOPANDA]

Base rewards rate for both.

Both Millennia and Neu plus 1%.

+ pay the bill with a rewarding debit card (Millenia DC/ indusind/ RBL) to get another 1% as discussed in other threads.


i used both millenia & neu infinity and got the base rate.

Thank for reply bro. I want to know that Amazon pay ICICI card tnc says no cashback on gold purchase. But many persons in this post has sad that they hav got cashback by Amazon pay ICICI card. Shall I use it or not because mouka to ek baar hi aata h

 

[Deleted member 23535]

Thank for reply bro. I want to know that Amazon pay ICICI card tnc says no cashback on gold purchase. But many persons in this post has sad that they hav got cashback by Amazon pay ICICI card. Shall I use it or not because mouka to ek baar hi aata h

Where u want 2 buy?

 

[CHOCOPANDA]

Where u want 2 buy?

In Bihar.
Normal gold shop

 

[Deleted member 23535]

In Bihar.
Normal gold shop

if in famous shops then you can save upto 7% using ur hdfc cc
Anyway you said normal shop, ok

 

[CHOCOPANDA]

if in famous shops then you can save upto 7% using ur hdfc cc
Anyway you said normal shop, ok

Yes sir by tata neu plus. But tanisque ke making charges ...very very high

 

[Deleted member 23535]

Yes sir by tata neu plus. But tanisque ke making charges ...very very high

I know about tanishq. I am talking about joyalukkas hyd, reasonable making charges( here we bargain to reduce), now 25% off on making charges offer running, + 7% using ur hdfc cc

If this is useful for you, check your local joyalukkas shop

And Ask me how to buy

 

[yuvaneshmohan]

I know about tanishq. I am talking about joyalukkas hyd, reasonable making charges( here we bargain to reduce), now 25% off on making charges offer running, + 7% using ur hdfc cc

If this is useful for you, check your local joyalukkas shop

And Ask me how to buy

Can you explain how to get 7% discount using hdfc cc.

 

[Deleted member 23535]

Can you explain how to get 7% discount using hdfc cc.

Not discount

You will get 5-16% rp Based on which cc u ve

Asv via gyftr, use those vouchers to buy gold egv in az, joyalukkas egv at 2% off

 

[Alex292929]

Thank for reply bro. I want to know that Amazon pay ICICI card tnc says no cashback on gold purchase. But many persons in this post has sad that they hav got cashback by Amazon pay ICICI card. Shall I use it or not because mouka to ek baar hi aata h

This is a snip from my Oct 2023 statement, it worked for me. Got 3500 cashback!