Digital gold through CC and 13.33% returns

[phildunphy]

SALT (https://app.salt.one/home) is running 10% reward of 300Rs if you buy digital gold of 3000.
They aren’t actively running advertisements, heard chatter on twitter, hence posting it here.

They are funded by same Venture Capital which CheQ is funded.

Plus only platform where you can buy through Credit card (that’s 1.5-3.33% extra reward)

Blended one can get upto 13.33% returns in single transaction of 3000. Not bad







Good for credit card milestones too since MCC is not Wallet/Rent. It’s digital goods and sometimes Utilities depending on payment gateway.

Edit 1: Just checked with Customer support, apparently its open for everyone only post Saturday but seems like they did not fix it on app, so everyone is getting 300Rs for 3000Rs gold.
Post Saturday everyone will see in-app banner etc. But can buy and get reward today itself.

Edit 2: @Pravnz helped realise 2% for CC transactions.
Not recommended unless there is 10% rewards like next 3 days, or if you have Infinia or Reserve/Magnus

 

[phildunphy]

Valid only once per user?

Once per offer period, i have done it thrice now, every two weeks once

 

[beingmohit]

I don't recommend instantly redeeming it, wait for a bit, sell price will cover spot and it makes sense. And they run this offer every 2 weeks.
2000Rs for 200 etc

Well, the gold prices could do down as well. I don't think it is worth the risk. Selling immediately seems safe to me.

 

[vinodkugsiya54]

Hey
When we will know offer is live?
Like 2000 pe 200
Any page or app when we get update

 

[Swann]

I purchased for 3k got 461mg gold and (300 rs reward )paid 3067
When selling it is showing 507 mg gold price 3082
so what is the benefit?🤔

 

[phildunphy]

Hey
When we will know offer is live?
Like 2000 pe 200
Any page or app when we get update

Their instagram page @mysaltapp

https://www.instagram.com/mysaltapp/

 

[phildunphy]

I purchased for 3k got 461mg gold and (300 rs reward )paid 3067
When selling it is showing 507 mg gold price 3082
so what is the benefit?🤔

I mean i use it as investment for a month or so and then decide to whether sell or not. Last month offer 2000 for 200, i ended up selling just now. Immediate selling i don't recommend, better too use UPI, at-least 2% CC charge won't happen, 3004Rs, still not worth for instant 80Rs

 

[ak93]

Will the cashback show during the purchase?

It did not show during purchase for me but got credit almost immediately after purchase.

 

[ak93]

Paid 3106 on Amex. Received regular MR points.

3.5% fees for amex? 🤔 I paid 3067 through magnus.

 

[Swann]

Any idea what is the MCC for this transaction? I want to know if SBI CC would give 5% cashback

RAZ*FIVE SALTS PRIVATE​

8931 MCC CODE

 

[hellobois]

play store ratings are not good. most fin tech companies get better ratings at start but here they have just 3.8 rating with 300+ reviews so think before you invest.

 

[phildunphy]

play store ratings are not good. most fin tech companies get better ratings at start but here they have just 3.8 rating with 300+ reviews so think before you invest.

They are funded by same VCs who fund CheQ, their instagram page seems legit. So i am personally not overthinking, but you do you.

 

[dungeonMaster]

RAZ*FIVE SALTS PRIVATE​

8931 MCC CODE

How did you get the MCC code?

 

[NeerajNegi]

I purchased for 3k got 461mg gold and (300 rs reward )paid 3067
When selling it is showing 507 mg gold price 3082
so what is the benefit?🤔

tried today no rewards

 

[vinodkugsiya54]

I purchased for 3k got 461mg gold and (300 rs reward )paid 3067
When selling it is showing 507 mg gold price 3082
so what is the benefit?🤔

1.Instead of credit card if u use UPI or rupay UPI then it is beneficial
2.Plus if u have two mobile number refer another mobile number u get referral reward of 2gm after that buy from that account in it u will again get 300 RS extra
3.And u can also maintain passbook streat as Shawn it in app it also reward you extra gold
4.Plus rupay credit card rewards as per your credit card terms u get

SO by using above method you can get maximum benefits

 

[Dr. Drake]

Had 200 CB for 2k Load. Nailed it thanks though after selling benefit comes close to 3-3.5%(upi load/except cc discount). Still better than most gold offers as of now

 

[NeerajNegi]

this is for 100 first user so probably you will not get rewards

 

[brightknight]

this is for 100 first user so probably you will not get rewards

I did a few min before and got rewards.

 

[NeerajNegi]

I did a few min before and got rewards.

CAN'T PREDICT

 

[ak93]

New offer live now. 200 for 2k purchase. Got 200 worth gold immediately.

 

[vinodkugsiya54]

Hey can anyone know how many days it will take to sales proceed to credit in our bank account