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This one transaction can get you a reward rate of 170 - 210%!

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MilesMax

MilesMax

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Note: This calculation is only for one transaction and the same value cannot be extracted for more money as we reach the Grab deals max cap.

Open GrabDeals and look for Marks & Spencers, and select 45x Edge reward points.

1672222673088.png

For Magnus:
Shop for Rs. 3600
You get 3600 / 200 * 12 * 45 = 9720 Edge points (After 120 days)
Convert to CV points at 5:4 = 7776 CV points

For Axis Reserve:
Shop for Rs. 2800
You get 2800 / 200 * 15 * 45 = 9450 points (After 120 days)
Convert to CV points at 5:4 = 7560 CV points

The cap for GrabDeals is 10,000 points per month so we almost reached the cap.

Let's use these 7500 points to redeem a flight between BLR-DEL.

1672221938304.png

The Tax amount would be around: Rs. 527

For the same flight on MMT it would cost around 6-7k depending on the time.

1672221871695.png

Coming back to the calculation

For Magnus:
total spent = 3600 + 527 tax = 4127

The value extracted based on the amount of money spent
= 7000 / 4127 * 100 = 170% 😱

For Reserve:
total spent = 2800 + 527 tax = 3327

The value extracted based on the amount of money spent
= 7000 / 3327 * 100 = 210% 😱

You might get more or less value depending on the flight price you are looking for. This example is used just for calculation purposes.

For buying a Jacket I am getting a free flight! Not a bad deal 😉
 
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preetishhs said:
Note: This calculation is only for one transaction and the same value cannot be extracted for more money as we reach the Grab deals max cap.

Open GrabDeals and look for Marks & Spencers, and select 45x Edge reward points.

View attachment 8389

For Magnus:
Shop for Rs. 3600
You get 3600 / 200 * 12 * 45 = 9720 Edge points (After 120 days)
Convert to CV points at 5:4 = 7776 CV points

For Axis Reserve:
Shop for Rs. 2800
You get 2800 / 200 * 15 * 45 = 9450 points (After 120 days)
Convert to CV points at 5:4 = 7560 CV points

The cap for GrabDeals is 10,000 points per month so we almost reached the cap.

Let's use these 7500 points to redeem a flight between BLR-DEL.

View attachment 8387

The Tax amount would be around: Rs. 527

For the same flight on MMT it would cost around 6-7k depending on the time.

View attachment 8386

Coming back to the calculation

For Magnus:
total spent = 3600 + 527 tax = 4127

The value extracted based on the amount of money spent
= 7000 / 4127 * 100 = 170% 😱

For Reserve:
total spent = 2800 + 527 tax = 3327

The value extracted based on the amount of money spent
= 7000 / 3327 * 100 = 210% 😱

You might get more or less value depending on the flight price you are looking for. This example is used just for calculation purposes.

For buying a Jacket I am getting a free flight! Not a bad deal 😉
Click to expand...
Correct my understanding to get the 45x benefit - I need to navigate through Grab deals and to connect Marks & Spencer's and do the transaction with Axis Magnus
With this 45x will be rewarded after 90/120 day.

- Is this enough.
 
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