Credit card for Gold Jewellery purchases on different outlets.

[Raghav2006]

Hello everyone,
As the gold price has fallen this week, my family is thinking of buying some gold jewelry from either Tanishq or PCJ. The total purchases might go north of 2lacs.
I already know about Tata Neu card and have that and wanted to know if any other good credit card is there to get for this purchase (not Amex), direct cashback or amazon/flipkart/tanishq/pcj GV is preferred, which I can acquire in tier 2/3 as well.
The credit might be used to buy gold from Local gold merchants in NCR region as well.
Also, if it's in anyone's knowledge, which one out of PCJ and Tanishq charges less making on gold jewelry, and are negotiations done?
Please do let me know, thanks.

 

[dungeonMaster]

Can you please confirm me when was the last time you used it, and which GV of what value you purchased?
Also, what was the seller name on the otp page in your case?
I'll be very thankful

I don't recall the seller name but you can do small payment and check if cashback updated in sbi card app, it get updated in 2 days.

 

[Raghav2006]

I don't recall the seller name but you can do small payment and check if cashback updated in sbi card app, it get updated in 2 days.

I don't have the card myself, if someone confirms and gives me a go for tanishq voucher, I'll apply it right away.

 

[Raghav2006]

maybe u will get reply asking to send upgrade form to Chennai office

Got it sir, will let others know how it goes.

 

[Wealth is my birth right!]

Got it sir, will let others know how it goes.

thanks dude.
HDFC still work on the offline form filling way....especially for LE and card upgrades

 

[Sriim]

I don't have the card myself, if someone confirms and gives me a go for tanishq voucher, I'll apply it right away.

1. Only Amazon provides the denomination you're after
2. There's no discount on Tanishq vouchers in amazon, so the best you can get is 5% CB from SBI
3. SBI might not provide you good enough limit to purchase 2L vouchers
4. Better and easier way is focusing on converting your tata neu plus to tata neu infinity and swipe directly

Thread 'Upgrade from Tata Neu Plus to Tata Neu Infinity' https://www.technofino.in/community/threads/upgrade-from-tata-neu-plus-to-tata-neu-infinity.10896/

Go through this thread, someone upgraded through email only

 

[amitr29]

Hello everyone,
As the gold price has fallen this week, my family is thinking of buying some gold jewelry from either Tanishq or PCJ. The total purchases might go north of 2lacs.
I already know about Tata Neu card and have that and wanted to know if any other good credit card is there to get for this purchase (not Amex), direct cashback or amazon/flipkart/tanishq/pcj GV is preferred, which I can acquire in tier 2/3 as well.
The credit might be used to buy gold from Local gold merchants in NCR region as well.
Also, if it's in anyone's knowledge, which one out of PCJ and Tanishq charges less making on gold jewelry, and are negotiations done?
Please do let me know, thanks.

If you buy vouchers, you lose power to negotiate, as you are locked with this particular brand. So avoid purchasing brand specific vouchers.

I have usually get very good discount from any good Jewelers in Mumbai. Brands like Tanishq are extremely expensive

 

[Raghav2006]

1. Only Amazon provides the denomination you're after
2. There's no discount on Tanishq vouchers in amazon, so the best you can get is 5% CB from SBI
3. SBI might not provide you good enough limit to purchase 2L vouchers
4. Better and easier way is focusing on converting your tata neu plus to tata neu infinity and swipe directly

Thread 'Upgrade from Tata Neu Plus to Tata Neu Infinity' https://www.technofino.in/community/threads/upgrade-from-tata-neu-plus-to-tata-neu-infinity.10896/

Go through this thread, someone upgraded through email only

Ok sir, I'll ditch the idea of SBI and try for upgrade then.
Thanks

 

[Raghav2006]

If you buy vouchers, you lose power to negotiate, as you are locked with this particular brand. So avoid purchasing brand specific vouchers.

I have usually get very good discount from any good Jewelers in Mumbai. Brands like Tanishq are extremely expensive

Right, sir.
Can I negotiate at tanishq store on wedding jewellery?

 

[amitr29]

Right, sir.
Can I negotiate at tanishq store on wedding jewellery?

Even if you negotiate, they are very very expensive. They will try to convince you about crap of Better service and better brand or better brand value. It's all useless. Go to a local reputed jeweller.

Try jewellers like Bholasons etc. They have better product at better price. For eg. 1 carat Solitaire at Tanishq is expensive by 1 lac compared to other places. I am talking about GIA certified ones

 

[Raghav2006]

Even if you negotiate, they are very very expensive. They will try to convince you about crap of Better service and better brand or better brand value. It's all useless. Go to a local reputed jeweller.

Try jewellers like Bholasons etc. They have better product at better price. For eg. 1 carat Solitaire at Tanishq is expensive by 1 lac compared to other places. I am talking about GIA certified ones

Sir actually I am in tier 3
My options are either tanishq, pcj, bluestone, caratlane and reliance or directly some small shops, even though they have hallmark jewellery but not many designs.

 

[Raghav2006]

Sir actually I am in tier 3
My options are either tanishq, pcj, bluestone, caratlane and reliance or directly some small shops, even though they have hallmark jewellery but not many designs.

But my sister and BIL will buy their engagement rings from Noida/Ghaziabad, for that you may please suggest some fine store that you know of. Card, upi, bank all work for this

 

[Raghav2006]

Even if you negotiate, they are very very expensive. They will try to convince you about crap of Better service and better brand or better brand value. It's all useless. Go to a local reputed jeweller.

Try jewellers like Bholasons etc. They have better product at better price. For eg. 1 carat Solitaire at Tanishq is expensive by 1 lac compared to other places. I am talking about GIA certified ones

But sir my family usually travels to Ghaziabad/Noida everymonth too.
So can you please tell me how much making charges percentage difference can I expect from good shops in this region compared to tanishq.
For gold wedding jewellery

 

[amitr29]

But sir my family usually travels to Ghaziabad/Noida everymonth too.
So can you please tell me how much making charges percentage difference can I expect from good shops in this region compared to tanishq.
For gold wedding jewellery

Ideally on a gold jewellery, making charges should be 5-7% max

 

[amitr29]

But sir my family usually travels to Ghaziabad/Noida everymonth too.
So can you please tell me how much making charges percentage difference can I expect from good shops in this region compared to tanishq.
For gold wedding jewellery

Tanishq charges anything between 15-20%

 

[Sriim]

Ideally on a gold jewellery, making charges should be 5-7% max

I have never come across a jeweller who charges 7% making charges. It's almost always more than that

 

[Wealth is my birth right!]

I have never come across a jeweller who charges 7% making charges. It's almost always more than that

for ornaments with GRT shop where we buy its 12% starting and 15, 18 and some minute cut items they charged till 24%

 

[Sriim]

for ornaments with GRT shop where we buy its 12% starting and 15, 18 and some minute cut items they charged till 24%

Same experience. Maybe tanishq charges a little bit more compared to GRT

 

[Wealth is my birth right!]

Same experience. Maybe tanishq charges a little bit more compared to GRT

GRT had some monthly savings scheme where reduced making/wastage but now those schemes are revamped

 

[Sriim]

GRT had some monthly savings scheme where reduced making/wastage but now those schemes are revamped

Still decent. Currently they're running no making charges up to 18%

 

[Wealth is my birth right!]

Still decent. Currently they're running no making charges up to 18%

GRT only jeweller in market currently having rebate on charges i guess