Gyftr Amazon Voucher Processing fees hiked from 2.5% to 3%

[Hell_Kitty]

We are doomed. I can now see Gyftr is charging 3% + GST which comes to 3.54% in processing fees. God bless us

@SSV @TechnoFino @Vasuki @vaibhav111 @Wealth is my birth right! @drsel

 

[Yeat]

Nope last month it was 2.5 +GST =2.95% when I bought AGV via Smartbuy

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It was modified around 3-4 th Oct. You would have bought before that. There are threads about this increase posted last month

 

[sgoyal9]

Old change guys. It was hiked a few weeks ago for Amazon Pay to 3% + GST.
For people just finding out, wait till you see what happened to Amazon shopping and Flipkart vouchers 🤣🤣

 

[Nihhaar]

You can never actually use it till the day you die. There will always be a 30% left.

I don't understand

If you have 70k points and you are buying a flight ticket of 1L, then you can use all of your points in one transaction.

 

[Divyank gulabani]

Does anyone else also faced the same issue like me that Amex gyftr is giving only 100 denominations vouchers for Amazon pay ?

 

[creditlover]

You can never actually use it till the day you die. There will always be a 30% left.

Why? I book if you have Y number of points and if you are booking a flight worth X. Of 70% of X is greater than Y then you can use all of your points! Its simple!

 

[coolguy1]

This Diwali, let's make the banks more richer!

 

[SuperKnight]

Does anyone else also faced the same issue like me that Amex gyftr is giving only 100 denominations vouchers for Amazon pay ?

that too is gone, tag me if u see its back

 

[abhishek0882]

Look at the funny side of it. Platforms like Gyftr and Smartbuy were actually meant to boost sales of brand vouchers and to attract/gain buyers for the brands. Brands saw credit card users as a market which had potential to boost their sales. So, to attract buyers, what started off as discounted vouchers with bonus rewards and points multipliers have now created so much demand that not only are the discounted vouchers gone, they are now charging a premium/additional fee to sell their vouchers. And people are still queueing up to buy them. Huge desperation when vouchers go ioff the platforms for a few days or only low value denominations are available. Its as if they are selling it reluctantly and people are lining up to buy, whatever conditions apply.

 

[DarkEnergy]

How much does Atlas give?
Buying 10k voucher gives 1650 points - 350 (extra you got to pay) so effectively 1300 points and 13% returns by Infinia. Earlier it was 13.5% return. In big scheme of things, fine.

Atlas providing only miles is it providing points also

 

[rounakbhowmik]

You can never actually use it till the day you die. There will always be a 30% left.

redeem that voucher – it might just buy you some peace in the afterlife.

 

[GASAHU79]

You also have to consider the 70% redemption criteria, which lowers the reward rate to only 9.1%. Axis Atlas gives 7.2% on all spends except for travel. And, considering that an Atlas owner spends 750000 a year the reward rate would be 10.8% due to the 15000 in milestone + renewal benefits he gets. This is not including any travel spends, where the Atlas shines even more. And, the Atlas owner has the ability to buy the voucher from whichever vendor is giving the most discount, which Infinia owners obviously cannot do due to the low base reward rate.
One more thing that you have to keep in mind is that Axis Atlas has less than half the Annual fees of Infinia. And the value of 1 Infinia point is definitely not 1 INR, so please don't give me that excuse that the renewal points are worth 12k.

I have both Infinia and Atlas. Atlas beats Infinia only when you are converting miles to Accor ( only then you get 7.2%) on accor. Otherwise , Infinia is hands down better. Only other added advantage of Atlas is that you could additional 1% if you pay bill by HDFC DC. Do let me know if any other reward options in Atlas works better than Infinia.

 

[CVR]

You can never actually use it till the day you die. There will always be a 30% left.

If you have 50k points and have a ticket booking of 1 lakh you can use entire points in one go.. no need to wait for dying!

 

[narun2001]

I have both Atlas and Infinia. 13% returns on Infinia worth 85.7p each is about 11.14%. By the same logic that people say that Infinia points are worth 85.7p because you are effectively losing out on the 5x while redeeming for flights, while using Atlas miles instead of the card which gives to 5 edge miles per 100 for hotel transactions, you're losing 2.5x rewards, so the effective value of each accor point is only 1.56 which means the effective reward rate is 6.2%. With the milestone benefits for 750000 adjusting with the annual fee paid, the reward rate of 10.3% will translate to 8.69%. Again, this is assuming that it's only to Accor. The difference is too much to justify that Atlas is better for this at this point in time. Things might change in the future. This is not to say that Atlas is an inferior card. It's very good for any purchases for which Infinia doesn't give out accelerated RPs if you can redeem everything with Accor which is what I do.

 

[Sidh]

How much does Atlas give?
Buying 10k voucher gives 1650 points - 350 (extra you got to pay) so effectively 1300 points and 13% returns by Infinia. Earlier it was 13.5% return. In big scheme of things, fine.

how you have arrived this calculation, please explain. 10000/100 = 100 x 2 = 200 Axis Atlas points x 2 = 400 Partner points. How come 1650 or 1300 points?

 

[shashankrt]

how you have arrived this calculation, please explain. 10000/100 = 100 x 2 = 200 Axis Atlas points x 2 = 400 Partner points. How come 1650 or 1300 points?

He is talking abt infinia calculation and that calculation is correct.

10000/150*5*5 = 1660-300 = approx 1300 infinia points per 10k giving a net reward value if 13 percent