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.

 

[shashankrt]

Overall even after 5% Value back using HDFC cc on Tanishq, couldn't find a good reason to purchase from them, hence would go to local store

My plan was to use amex or axis gyftr or hdfc gyftr to buy Amazon vouchers and then buy tanishq gift cards. This way I get almost 15 percent savings. Hence was checking

 

[Raghav2006]

My plan was to use amex or axis gyftr or hdfc gyftr to buy Amazon vouchers and then buy tanishq gift cards. This way I get almost 15 percent savings. Hence was checking

Might work, but not worth the risk for a big transaction as in my case.
Hence, I'll either buy local or just swipe the cc to atleast get 5% back for sure.

 

[Raghav2006]

My plan was to use amex or axis gyftr or hdfc gyftr to buy Amazon vouchers and then buy tanishq gift cards. This way I get almost 15 percent savings. Hence was checking

And how are you getting 15% off?

 

[shashankrt]

Might work, but not worth the risk for a big transaction as in my case.
Hence, I'll either buy local or just swipe the cc to atleast get 5% back for sure.

How are you getting 5% off? As Jeweller will put additional CC charges and even infinia or MB does not provide more than 4 % returns.

And how are you getting 15% off?

Buy Amazon Pay vouchers via gyftr using infinia or MB- thats straight 10-15 percent savings. Use those to buy Tanishq giftcards which can be redeemed at any tanishq stores.

 

[Raghav2006]

How are you getting 5% off? As Jeweller will put additional CC charges and even infinia or MB does not provide more than 4 % returns.

Buy Amazon Pay vouchers via gyftr using infinia or MB- thats straight 10-15 percent savings. Use those to buy Tanishq giftcards which can be redeemed at any tanishq stores.

They don't charge anything on cc payments.
I did harvest payment this July, using apay cc.
Will use Tata Neu infinity.


Just saw your gyftr way.
Looks nice, is it applicable on any normal hdfc cc as I don't have anything except tata neu card.
And are you sure that amazon GV can be used to buy tanishq GV on Amazon?

 

[Mack]

Anyone used Flipkart axis credit card for gold coin purchase in flipkart app

Do we get the 5% cashback?

 

[richestheman]

Need help, I have not received Points on transaction done at reliance Jewells using HDFC Infinia. The transaction was more than 3L. Anything I missed because I thought Infinia gave points on jewellery purchase. Anyway I can ask the HDFC team to look into it?

 

[Sriim]

Need help, I have not received Points on transaction done at reliance Jewells using HDFC Infinia. The transaction was more than 3L. Anything I missed because I thought Infinia gave points on jewellery purchase. Anyway I can ask the HDFC team to look into it?

First ask the MCC and if it's jewellery, you can raise a complaint that you have not received RPs

 

[Hemang]

PCJ Gold Jewellery GV 2.75% instant discount + 5%CB
PCJ Diamond GV 5.75% instant + 5% CB
Tanishq GV 2.1% instant + 5% CB
Amazon Pay ICICI for 1%
Otherwise use milestone-based cards

Bhai ye kis card ko use krna ki baat ho Rahi hai ? Sbi cb card ?

 

[Anindya98]

Bhai ye kis card ko use krna ki baat ho Rahi hai ?

SBI CB

Sbi cb card ?

yes

 

[Chitra007]

Received cashback on my flipkart axis credit card used in purchasing in Tanishq store, that is sweet 1% cashback + additional 1% from cc bill payment using HDFC platinum debit card.

 

[Hemang]

Received cashback on my flipkart axis credit card used in purchasing in Tanishq store, that is sweet 1% cashback + additional 1% from cc bill payment using HDFC platinum debit card.

View attachment 66189

tata infinity would have fetched 5% neucoins + 1% hdfc platinum debit card.

 

[Raghav2006]

tata infinity would have fetched 5% neucoins + 1% hdfc platinum debit card.

Tanishq is expensive, visiting reliance and swiping ICICI Amazon card and paying it back will give 1+1%. And a total saving compared to tanishq of 15%

 

[Pk004]

SBI CB either on Junio or Park +

Please can you confirm if we will get 5% cashback on purchase of any brand's gift voucher on Junio or Park+ using sbi cashback credit card ?

 

[Anindya98]

Please can you confirm if we will get 5% cashback on purchase of any brand's gift voucher on Junio or Park+ using sbi cashback credit card ?

Park + gives. Junio don't have payment via CC option.

 

[sleepysurya]

Visa + kalyan jewellers have an offer of 25% on making charges of gold jewellery (min 75K) - but not sure how do they fare on making charges. Tanishq has high making charges while malabar seems low. My assumption is Kalyan would somewhere in between. If anyone has idea, please let me know.
I haven't compared with local jewellers.

 

[Raghav2006]

Visa + kalyan jewellers have an offer of 25% on making charges of gold jewellery (min 75K) - but not sure how do they fare on making charges. Tanishq has high making charges while malabar seems low. My assumption is Kalyan would somewhere in between. If anyone has idea, please let me know.
I haven't compared with local jewellers.

My sister bought a daily wear ring from them a month or two ago, the making charges were 20%.
And from what their sales people told, it averages around this figure only.

Hence from my experience in last 2-3 months of jewellery purchases.
Tanishq's making charges 30% (you must be too rich to visit them even after card offers)
Malabar and PCJ 20% (Good enough if just in case you're not able to finalise something at reliance)
Reliance on some it was 26% and on most they are giving 50% off on making charges, with no hidden charges and you'll like the design hence it'll be around 13%.

 

[HumorSimpson]

My sister bought a daily wear ring from them a month or two ago, the making charges were 20%.
And from what their sales people told, it averages around this figure only.

Hence from my experience in last 2-3 months of jewellery purchases.
Tanishq's making charges 30% (you must be too rich to visit them even after card offers)
Malabar and PCJ 20% (Good enough if just in case you're not able to finalise something at reliance)
Reliance on some it was 26% and on most they are giving 50% off on making charges, with no hidden charges and you'll like the design hence it'll be around 13%.

Exactly, no point on getting a card that rewards Tanishq vouchers and getting tied to it.

 

[Raghav2006]

Exactly, no point on getting a card that rewards Tanishq vouchers and getting tied to it.

Exactly sir, even 10% flat cashback credit would still keep it on a little higher side

 

[sleepysurya]

My sister bought a daily wear ring from them a month or two ago, the making charges were 20%.
And from what their sales people told, it averages around this figure only.

Hence from my experience in last 2-3 months of jewellery purchases.
Tanishq's making charges 30% (you must be too rich to visit them even after card offers)
Malabar and PCJ 20% (Good enough if just in case you're not able to finalise something at reliance)
Reliance on some it was 26% and on most they are giving 50% off on making charges, with no hidden charges and you'll like the design hence it'll be around 13%.

Just one point about tanishq - making charges for plain gold chains (at least for some chains for men) is not that bad. Recently someone I know bought a gold chain with only 12.5% making charges. Even I was surprised to know that. They do have higher base rate for gold (7040 vs 6940 for kalyan & malabar). I compared some products (gold chains for men) online and - overall net rate per gram (including making charges & gst):
tanishq = 8267
malabar = 8309
reliance = 8322
candere by kalyan = 8353
Of course, offline prices may vary

Edit - I checked more chains online from tanishq for men as well as women and they seem to be having high making charges (22-25%) - so it's possible low making charges is either one off thing or restricted for specific and limited products.