Magnus milestone shortfall

[Infiniti]

I have planned my spends for the month and expect to have a shortfall of 30k from the 1L milestone for Magnus. Considering to buy gold for this amount via Giftedge vouchers.

what is the best option available for vouchers purchased via Giftedge of Amazon/Flipkart/Tata Cliq? Unclear on few points including monthly brand-wise voucher cap, redeemable for purchasing gold etc.

any other better options available?

 

[Infiniti]

I have planned my spends for the month and expect to have a shortfall of 30k from the 1L milestone for Magnus. Considering to buy gold for this amount via Giftedge vouchers.

what is the best option available for vouchers purchased via Giftedge of Amazon/Flipkart/Tata Cliq? Unclear on few points including monthly brand-wise voucher cap, redeemable for purchasing gold etc.

any other better options available?

bumping this thread up, appreciate if the community can share some feedback.

 

[swiftlysingh]

You can contribute to NPS and claim the tax exemption under 80CCD(1B) upto 50k

 

[anirban.choudhuryanirban.choudhury is verified member.]

As per gyftr usage , I think axis TNC stated that offer is valid till 31st Dec 2022, so just confirm from customer care whether gyftr purchases using Magnus will be eligible for 5x 10x for January or not

 

[Infiniti]

You can contribute to NPS and claim the tax exemption under 80CCD(1B) upto 50k

I do not find the long gestation period of NPS withdrawal / annuity income suits me even after considering the tax deduction. hence thought of looking at gold.

 

[mechmax]

You may purchase HP Petrol PAYcode, from GYFTR.
In many small units so can be used in Future

 

[R!ppEr]

you probably should check if you actually want to spend that much! its okay to not hit the milestone some months of the year, you can still extract a lot of value from magnus if you hit 1L in 4-5months. Also gold is near all time highs so i dont think its a very wise financial decision to invest in it right now just for hitting the 1l mark.
Think it through, manufactured spends might cause you troubles later in your finances.

 

[Infiniti]

you probably should check if you actually want to spend that much! its okay to not hit the milestone some months of the year, you can still extract a lot of value from magnus if you hit 1L in 4-5months. Also gold is near all time highs so i dont think its a very wise financial decision to invest in it right now just for hitting the 1l mark.
Think it through, manufactured spends might cause you troubles later in your finances.

i am falling short of some 15k. so the milestone points at even a conservative value of 0.5 Re = Rs. 12.5k would be better off even if gold falls drastically.

 

[SiddharthR]

i am falling short of some 15k. so the milestone points at even a conservative value of 0.5 Re = Rs. 12.5k would be better off even if gold falls drastically.

Just buy Zingoy gift card and send it back to bank via Amazon Pay

 

[RajBlr]

i am falling short of some 15k. so the milestone points at even a conservative value of 0.5 Re = Rs. 12.5k would be better off even if gold falls drastically.

Buy per your needs only like @amar666 said

You can buy Amazon Shopping Voucher (50k allowed from Gyftr) which can be used for buying any product from Amazon like Groceries to charger etc.,

You can buy Amazon Pay voucher 10k which you can use it to pay EB, Mobile, Broadband and utilities etc.

If you have another credit card outstanding you can pay the bill through Amazon/Airtel trick(search this forum you will get it, 10k allowed non-kyc airtel)

Worst case, I will tell you another way with govt. but not now, as not recommended

 

[Satish]

You may purchase HP Petrol PAYcode, from GYFTR.
In many small units so can be used in Future

how to use this code?

 

[Sugowara0693]

Just buy Zingoy gift card and send it back to bank via Amazon Pay

How is this done?

 

[SiddharthR]

How is this done?

How can I earn cash back for paying credit card bill using sbi cash back card?

Using sbi cash back credit card is there any way out to pay and settle other card bill and gain 5% if any body can guide on the same will be much appreciated.

www.technofino.in

 

[Satish]

You may purchase HP Petrol PAYcode, from GYFTR.
In many small units so can be used in Future

how to use this code?

 

[R!ppEr]

i am falling short of some 15k. so the milestone points at even a conservative value of 0.5 Re = Rs. 12.5k would be better off even if gold falls drastically.

in your post initially you have mentioned 30k though 😛 which is a BIG amount. Also for 15k, i think rather than doing manufactured spends you can ask within your circle if anyone wants to buy anything and if they are ok using your card for that! I have done that in the past for such sums and then just gave their UPI for the amounts bill payment. In this way you dont even have to worry about IT.
Also as per your eg, you are willing to spend EXTRA 15k for 12.5K returns which is a loss of 2.5 in the end, such spending mindset will leave your finances in disarray in future brother. so do consider against it.

 

[mechmax]

how to use this code?

Just go to any HP petrol pump, tell them you have Hp Petrol paycode. someone from attendant know how to enter code in there POS swipe machine (same used for any debit/credit swap. even you may search on YouTube there is one video ,

off course no surcharge is charged and you will get edge point.
Main thing here you can purchase hp paycode first which is essentially going to be used for any fuel purchase later

 

[BMR]

I am sorry if this is a repeat question, but will gold purchased directly from a Jewellery brand like Malabar Gold count towards the milestone spends?

 

[anirban.choudhuryanirban.choudhury is verified member.]

I am sorry if this is a repeat question, but will gold purchased directly from a Jewellery brand like Malabar Gold count towards the milestone spends?

Yes it will count
except wallet load everything is counted towards milestone