Suggestion for discount for Friend for Infinia Points

[swipesmart]

Hi,
As we get 16.5% points for Infinia for copons buying via Smartbuy. My friend is asking for 50K Croma Voucher and is asking if I can give me and if I can give him 12% discount for it. Does 12% value is good for me ? Or I will be in loss with that.
I haven't redeemed Infinia points so I'm not sure where exactly I will redeem due to which I'm not able to put exact value to points.

 

[Googix]

Its not exactly 16% cash points. So unless you are sure of what you are gonna redeem for, you can't give your friend 12% cash(assuming). Infinia redemption is best for airline tickets or Tanishq voucher/apple products. In case of airline tickets, you have to pay convenience fees and can't claim any discounts like in other websites and you can only use 70% points.
Its best to not give 12% cash, you can ask your friend to book tickets in future in Smarbuy portal and use 12% points, thats the best case scenario for you.

 

[sahilgulati5]

Check whether I can by 50k Croma vouchers. I think they have limit for Croma vouchers at 20k per month

 

[sourpai]

Tell your friend that you can book a flight ticket for him worth 6K using these points.

If you have not redeemed points till now, giving cash discount is not a good idea

 

[swipesmart]

Check whether I can by 50k Croma vouchers. I think they have limit for Croma vouchers at 20k per month

They had previously 20K but now it's 50K.

 

[swipesmart]

Its not exactly 16% cash points. So unless you are sure of what you are gonna redeem for, you can't give your friend 12% cash(assuming). Infinia redemption is best for airline tickets or Tanishq voucher/apple products. In case of airline tickets, you have to pay convenience fees and can't claim any discounts like in other websites and you can only use 70% points.
Its best to not give 12% cash, you can ask your friend to book tickets in future in Smarbuy portal and use 12% points, thats the best case scenario for you.

Yes, Got it.

 

[swipesmart]

Tell your friend that you can book a flight ticket for him worth 6K using these points.

If you have not redeemed points till now, giving cash discount is not a good idea

Yes, that make sense

 

[mj01]

If you don't use the points where the return is 1:1, you will be at quite some loss! Either keep that discount money on hold with you till you realise its value or at best give him discount worth cash value of points (which is 0.3:1). That way you can be certain you aren't losing any money.

 

[Lobogris]

It's generally not a good idea to use your card for friends or even family (apart from spouse). You will have needless increase in expense on the card and the hassle of repayment. In addition, you are suffering a loss of 12%. Don't go around bragging about Smartbuy to others and if anyone asks, tell them you have already reached the max 15k limit provided each month. This is not some emergency where you need to help someone. Let them use their own cards and other available avenues.

 

[swipesmart]

It's generally not a good idea to use your card for friends or even family (apart from spouse). You will have needless increase in expense on the card and the hassle of repayment. In addition, you are suffering a loss of 12%. Don't go around bragging about Smartbuy to others and if anyone asks, tell them you have already reached the max 15k limit provided each month. This is not some emergency where you need to help someone. Let them use their own cards and other available avenues.

My card, not this but other is being used by my friend and some extended family. I just maintain excel with proof of payment that I received vs amount that they spend on card so that I have proof it was not income for me. When you say it's not good idea to lend your cards, is it because of Income Tax perspective or something else ?

 

[sahilgulati5]

My card, not this but other is being used by my friend and some extended family. I just maintain excel with proof of payment that I received vs amount that they spend on card so that I have proof it was not income for me. When you say it's not good idea to lend your cards, is it because of Income Tax perspective or something else ?

In all sense. It always better to avoid it now.

 

[Lobogris]

My card, not this but other is being used by my friend and some extended family. I just maintain excel with proof of payment that I received vs amount that they spend on card so that I have proof it was not income for me. When you say it's not good idea to lend your cards, is it because of Income Tax perspective or something else ?

As @sahilgulati5 correctly stated, it's a bad idea in many ways. IT hassles, concern that the bank would question the purchases, payment hassle etc. Why expose yourself to the hassle? Let people use whatever means they have available. This isn't some emergency where you need to help.

 

[prachetadas09]

Its not exactly 16% cash points. So unless you are sure of what you are gonna redeem for, you can't give your friend 12% cash(assuming). Infinia redemption is best for airline tickets or Tanishq voucher/apple products. In case of airline tickets, you have to pay convenience fees and can't claim any discounts like in other websites and you can only use 70% points.
Its best to not give 12% cash, you can ask your friend to book tickets in future in Smarbuy portal and use 12% points, thats the best case scenario for you.

If I use these reward points for flight bookings, Does it make sense to pass on the 16.5% cash discount?

for my case, i see if I am reaching the 15000 monthly limit or not. Whatever is the reward, i pass on completely, since I would be using the rewards for my future flight or hotel bookings

I feel I miss something here? Am I doing it right? Can you explain in my context please?

 

[Googix]

If I use these reward points for flight bookings, Does it make sense to pass on the 16.5% cash discount?

for my case, i see if I am reaching the 15000 monthly limit or not. Whatever is the reward, i pass on completely, since I would be using the rewards for my future flight or hotel bookings

I feel I miss something here? Am I doing it right? Can you explain in my context please?

You always pay a little more with smartbuy flight tickets but its sort of compensated since we can use reward points. The 16.5% u get back is actually reward points and not cash, so it will be at a disadvantage for you. If you have already procured enough points, you can use 15-20% points to make the booking with reward points(limit is 70%) and pass it to ur frnd.

 

[sourpai]

If I use these reward points for flight bookings, Does it make sense to pass on the 16.5% cash discount?

for my case, i see if I am reaching the 15000 monthly limit or not. Whatever is the reward, i pass on completely, since I would be using the rewards for my future flight or hotel bookings

I feel I miss something here? Am I doing it right? Can you explain in my context please?

Do not pass on direct cash discount.

Book his next flight instead with the points you received for current booking.

 

[Ram1]

I have dcb pvc. It has 50k points. I don't have travel/stay requirements.
Whats the best way for me to redeem them unlike 0.5 for cash?

 

[MrMonkey]

I have dcb pvc. It has 50k points. I don't have travel/stay requirements.
Whats the best way for me to redeem them unlike 0.5 for cash?

Outside of travel/stay, you wouldn't be able to get the best value. You could wait for promotion where 1rp=₹0.7 for redeeming on gift cards

 

[Ram1]

Outside of travel/stay, you would be able to get the best value. You could wait for promotion where 1rp=₹0.7 for redeeming on gift cards

Oh such promotions come?

 

[MrMonkey]

Oh such promotions come?

Yes, although its like only once a year