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.
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.
The Tax amount would be around: Rs. 527
For the same flight on MMT it would cost around 6-7k depending on the time.
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 😉
Open GrabDeals and look for Marks & Spencers, and select 45x Edge reward points.
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.
The Tax amount would be around: Rs. 527
For the same flight on MMT it would cost around 6-7k depending on the time.
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 😉
