Online Gold Purchase Plan

[thewittypanda]

Do the Malabar Scheme accept instalment payment via credit card? If yes, then is Amex also allowed?

 

[dravikumar]

Do the Malabar Scheme accept instalment payment via credit card? If yes, then is Amex also allowed?

Yes. Payment via CC allowed including AMEX.

 

[ujjwal2024]

Yes. Payment via CC allowed including AMEX.

This is great information...This year, I am going to open an gold scheme in malabar

 

[thewittypanda]

Yes. Payment via CC allowed including AMEX.

Are you sure? In the cards section I can see the logo of only VISA, MasterCard and RuPay.

 

[dravikumar]

Are you sure? In the cards section I can see the logo of only VISA, MasterCard and RuPay.

100%

For this month, I paid using AMEX card only.

 

[thewittypanda]

100%

For this month, I paid using AMEX card only.

Thanks for the information buddy.

 

[dravikumar]

This is great information...This year, I am going to open an gold scheme in malabar

You can also pay in Advance for future installments and lock the price. However you can purchase gold only after completion of 11 months.

 

[vphoenix]

Can someone please let me the Merchant category code (MCC) for the payment on Malabar app.
If it is not related to gold/jewelry, I might get 5% cashback from SBI cashback card

 

[AllThatStuff]

Can someone please let me the Merchant category code (MCC) for the payment on Malabar app.
If it is not related to gold/jewelry, I might get 5% cashback from SBI cashback card

Why do you think it's not going to be good/jewellery MCC ?

 

[akilmds]

Can someone please let me the Merchant category code (MCC) for the payment on Malabar app.
If it is not related to gold/jewelry, I might get 5% cashback from SBI cashback card

buy amazon vouchers and pay via amazon pay

 

[masoodmujawar86474]

Anyone knows if we can use malabar gift cards bought using amex gyftr to pay for GPP of Malabar? Can't find anything regarding this anywhere

 

[akilmds]

Anyone knows if we can use malabar gift cards bought using amex gyftr to pay for GPP of Malabar? Can't find anything regarding this anywhere

No we cannot use. I learnt a lesson last month 🙁

 

[akilmds]

You can also pay in Advance for future installments and lock the price. However you can purchase gold only after completion of 11 months.

that's great. We can take advantage of the correction in gold price 🙂

 

[Axelblaze]

100%

For this month, I paid using AMEX card only.

Hi brother, any additional charges levied when paying through AMEX ? Also which plan to select in Malabar gold monthly scheme. Is the first instalment of the monthly scheme to be paid at the branch where we open the scheme or it can be paid online ?

 

[akilmds]

Hi brother, any additional charges levied when paying through AMEX ? Also which plan to select in Malabar gold monthly scheme. Is the first instalment of the monthly scheme to be paid at the branch where we open the scheme or it can be paid online ?

The first instalment can only be paid in the the branch.
Golden Glow Plan (Gold worth the instalment amount accumulated every month).

 

[akilmds]

3. You enroll for 12 months, but you have to pay till 11 months , the last month they reward yo

Are you sure they pay the last month installment ? I didnt find this in Malabar scheme.

 

[dravikumar]

Hi brother, any additional charges levied when paying through AMEX ? Also which plan to select in Malabar gold monthly scheme. Is the first instalment of the monthly scheme to be paid at the branch where we open the scheme or it can be paid online ?

You can use Amex card to make first payment in the showroom. No charges and you will get base MR rewards and milestone benefits.

Essentially they have 2 schemes of 11 months duration. Go for the "Weight" based scheme - Golden Glow Purchase Plan.

Future installments can be paid online via Malabar App using Amazon Pay vouchers bought using AMEX or any other CC.

 

[Axelblaze]

You can use Amex card to make first payment in the showroom. No charges and you will get base MR rewards and milestone benefits.

Essentially they have 2 schemes of 11 months duration. Go for the "Weight" based scheme - Golden Glow Purchase Plan.

Future installments can be paid online via Malabar App using Amazon Pay vouchers bought using AMEX or any other CC.

Can I directly pay the installment using AMEX CC ? Instead of buying Apay vouchers !

 

[dravikumar]

Can I directly pay the installment using AMEX CC ? Instead of buying Apay vouchers !

Yes. You can pay directly using AMEX CC but you will only get the base rewards/ MS benefits and not accelerated rewards using Rewards Multiplier

 

[HumorSimpson]

Are you sure they pay the last month installment ? I didnt find this in Malabar scheme.

There could be change in TnC. Its been couple of years since we completed the schemes. The sales persons will explain it better.