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Only Premium & Super Premium Cards Discussion

This is a closed group and meant for discussion on all kinds of Premium/Super Premium Cards having an annual fee above 5k for optimising spends. Please refrain from discussion about lower cards. Only serious members allowed for knowledge sharing.

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Hidden way to buy gold at 55% valueback

That is true but I did below calculation.
voucher of 33000 - 1.5% = 32505
Points acquired = 19440
If I value these points to be equivalent to cash (⅕), that gives me value of ₹3888.
That gives me final price to be ₹28817 which is around same price as market.
I need to buy jewellery for upcoming wedding during which I'll exchange these coins at market value. Now everything lies in what value I can get out of those 19k points. I already achieved milestone for this month without this gc purchase but still it felt like a good deal. I'll buy more once I get it delivered
Stop buying if devaluation news is true
matlab hmne jo gold k liye voucher liya uska rewards mile uske pehle value down ho gayi.. gold ki bhi aur rewards ki bhi
Nope, whatever gold we all have bought will still gives us 24% gold back on our purchase price using this bug.


Please redo your calculations assuming 5:2 reward rate.
 
Actually I was talking about the Gyftr points that are pending to be credited for the month of May and June.
Till april we can use 5:4 calculations, but if devaluation is true then we can use 5:2.
For that one needs the amount at which they purchased these.
I took current lowest rate in myntra and amazon as a benchmark.
Comparing with current market value of gold to get apprx paisa per mile.

New Ratio is 5:1 right?

Sorry didn't see multi brand post @RewardsAlert
 
I think better to buy directly from lowest rate website using bank discount when it comes , for example I brought 2 days back from amazon BRPL gold coin 2g using ICICI 10% instant discount .. Cash is the King .. reward points are beggar now ..
 
still myntra prices are higher at 33800 although demand must have collapsed

they increased today .

It was reduced and was on sale for 32300/- 5gm on weekends after 3x came.
Many had Gift vouchers and used them to order , so rates went up.

It will come down again , reason for demand was existing available money either due to melorra refunds or existing accumulation
 
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