So now that it appears that devaluation is imminent, though nothing is official yet. It looks like the following could happen
- Grabdeals practically useless
- Gyftr deals would be 2-3x rather than the 5-10x earlier
- Transfer ratio of 5:4 goes to 5:1
Was just working out if the card is still reasonable (definitely not stellar anymore!) for some-one hitting the 1L spend milestone 9-10 times a year (annual spend of say 10L). Approx 20% of the spends fetch 3x accelerated rewards. (between gyftr and traveledge)
Total ERs earned on 10L spend
Base ERs = 60k
Accelerated ERs = 24k (2L spends earning 3x rewards)
Milestone ERs = 250k (assuming hit the 1L threshold 10 times)
Total ERs. = 334k
Value into equivalent travel/hotel partners = 67k
If we can redeem these at 0.75-1Rs less 12.5k fees if you don't achieve the waiver, it would be a return of 3.7-5.5%.
Its not bad still but this requires blood and sweat as against cards like Infinia that would offer 3.3% without so much gymnastics. Now the choice is a bit tough!
- Grabdeals practically useless
- Gyftr deals would be 2-3x rather than the 5-10x earlier
- Transfer ratio of 5:4 goes to 5:1
Was just working out if the card is still reasonable (definitely not stellar anymore!) for some-one hitting the 1L spend milestone 9-10 times a year (annual spend of say 10L). Approx 20% of the spends fetch 3x accelerated rewards. (between gyftr and traveledge)
Total ERs earned on 10L spend
Base ERs = 60k
Accelerated ERs = 24k (2L spends earning 3x rewards)
Milestone ERs = 250k (assuming hit the 1L threshold 10 times)
Total ERs. = 334k
Value into equivalent travel/hotel partners = 67k
If we can redeem these at 0.75-1Rs less 12.5k fees if you don't achieve the waiver, it would be a return of 3.7-5.5%.
Its not bad still but this requires blood and sweat as against cards like Infinia that would offer 3.3% without so much gymnastics. Now the choice is a bit tough!
